#Brent #SP500 We’ve mentioned our chum before, someone who works at a pretty senior level for one of the UK’s main retailers. Her particular “bag” is being where the buck stops eventually, when a customer complaint cannot be dealt with by AI, their call centres in India, or finally, their folk in the UK who handle the difficult stuff, along with any well written email problems. Her visit this weekend gave us a funny story, the sort of thing “Readers Digest” used to have a page for and ensured she gets to skip a turn, when buying our Saturday Chinese takeaways here in Argyll.
The email in question was pretty straightforward, a customer writing in to complain about a company employee punching her car hard and forcing her to stop. She freely admitted she’d been reversing over a clearly marked pedestrian crossing and couldn’t see clearly, because of her pile of shopping obscuring her view of people on the crossing. But this didn’t justify the employee thumping her car to avoid being run over. She then complained to the store manager who advised she email the company, an act of utter genius in ducking a problem. The eventual email bounced around the company before finally being dumped at “Executive Level”, obviously due to no-one have the guts to be blunt!
Our chum decided to exaggerate the incident slightly, crafting an email which implied the staff member hadn’t taken legal action due to the lack of video evidence. But as the customers email admitted what had really happened, this recourse was now open. But as a gesture of goodwill, the customer could now regard themselves as banned from that particular store.
We’re a little worried at the possibility we may be behaving like the “reversing moron” referred to above as there’s a chance we may be ignoring something fairly obvious against Natwest, a share notorious for failing to grab opportunity when it comes along. What caught our attention was a series of share price movements at the end of July (shown on insert), when for 4 sessions it began to appear possible the share price was reacting to an absurd trend line which dates back to 2007. If this is indeed the case, there’s a pretty strong argument suggesting we pay close attention to any break of this trend, due to the unthinkable chance this retail bank may actually start to do something useful. Then again, to judge by political gossip, there seems an imminent chance of yet another political upheaval in the UK as the current administration are accused of looking at the days of Boris or Truss then saying “hold my beer”… According to rumour, it’s difficult to walk Downing St without tripping over a legal Super Injunction and NDA’s.
Currently, for Natwest, above 355p should break trend, potentially triggering a lift to an initial 376p with our secondary, if exceeded, calculating at 452p or perhaps even 475p, thanks to the effect of quite a few price manipulation gaps at the open of trade this year. To trash the opportunity, the share need only slither below 324p (if the movement triggers), leading to a favourable stop loss level.
Below 324p risks being slightly dangerous, working out with an initial drop target of 292p with our secondary, if broken, at 235p and hopefully yet another bounce as the share once again attempts to storm the future!
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 11:38:58PM | BRENT | 7199 | 7056 | 6955 | 6768 | 7180 | 7202 | 7268 | 7348 | 7110 |
| 11:40:42PM | GOLD | 2657 | 2644 | 2637 | 2621 | 2657 | 2685 | 2701 | 2711 | 2668 |
| 11:44:40PM | FTSE | 8298 | 8261 | 8243 | 8212 | 8316 | 8336 | 8348 | 8398 | 8312 |
| 11:49:47PM | STOX50 | 5048.3 | 5026 | 5017 | 4999 | 5052 | 5073 | 5108 | 5237 | 5035 |
| 11:57:29PM | GERMANY | 19395.9 | 19236 | 19139 | 19022 | 19423 | 19490 | 19552 | 19748 | 19420 |
| 12:04:01AM | US500 | 5730.2 | 5726 | 5717 | 5701 | 5740 | 5765 | 5792 | 5928 | 5730 |
| 1:38:00AM | DOW | 42268 | 42136 | 41942 | 41712 | 42251 | 42632 | 42817 | 43335 | 42364 |
| 1:40:22AM | NASDAQ | 19973.6 | 19952 | 19824 | 19659 | 20089 | 20319 | 20353 | 20410 | 20052 |
| 1:42:59AM | JAPAN | 37364 | 37837 | 36785 | 35733 | 38010 | 39941 | 40884 | 42803 | 38833 |
27/09/2024 FTSE Closed at 8320 points. Change of 0.43%. Total value traded through LSE was: £ 6,309,682,763 a change of -12.79%
26/09/2024 FTSE Closed at 8284 points. Change of 0.19%. Total value traded through LSE was: £ 7,235,455,984 a change of 30.14%
25/09/2024 FTSE Closed at 8268 points. Change of -0.17%. Total value traded through LSE was: £ 5,559,537,162 a change of 3.34%
24/09/2024 FTSE Closed at 8282 points. Change of 0.28%. Total value traded through LSE was: £ 5,379,835,021 a change of 25.1%
23/09/2024 FTSE Closed at 8259 points. Change of 0.35%. Total value traded through LSE was: £ 4,300,418,012 a change of -66.74%
20/09/2024 FTSE Closed at 8230 points. Change of -1.18%. Total value traded through LSE was: £ 12,930,077,535 a change of 99.09%
19/09/2024 FTSE Closed at 8328 points. Change of 0.91%. Total value traded through LSE was: £ 6,494,685,893 a change of -5.91% 
SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.
Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION
Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.
UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.
We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…
Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares
Click Epic to jump to share: LSE:AAL Anglo American** **LSE:DGE Diageo** **LSE:IAG British Airways** **LSE:ITRK Intertek** **LSE:STAN Standard Chartered** **
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Updated charts published on : Anglo American, Diageo, British Airways, Intertek, Standard Chartered,
LSE:AAL Anglo American Close Mid-Price: 2438 Percentage Change: -0.06% Day High: 2464 Day Low: 2418.5
All Anglo American needs are mid-price trades ABOVE 2464 to improve accel ……..
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View Previous Anglo American & Big Picture ***
LSE:DGE Diageo. Close Mid-Price: 2653 Percentage Change: + 1.47% Day High: 2659.5 Day Low: 2615.5
In the event of Diageo enjoying further trades beyond 2659.5, the share s ……..
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View Previous Diageo & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 212.3 Percentage Change: + 2.02% Day High: 211.9 Day Low: 207.6
Continued trades against IAG with a mid-price ABOVE 211.9 should improve ……..
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View Previous British Airways & Big Picture ***
LSE:ITRK Intertek. Close Mid-Price: 5240 Percentage Change: + 0.96% Day High: 5235 Day Low: 5125
Target met. Continued trades against ITRK with a mid-price ABOVE 5235 sho ……..
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View Previous Intertek & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 807.4 Percentage Change: + 0.47% Day High: 811.8 Day Low: 795.4
In the event of Standard Chartered enjoying further trades beyond 811.8, ……..
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View Previous Standard Chartered & Big Picture ***