#Gold #SP500 While it is relatively straightforward picking trigger levels on a share price which is heading up, proposing a trigger ( bounce) level is fraught with danger. A very real truism in the marketplace is the warning “Never Catch A Falling Knife”. Our issue is quite simple, Glencore share price is falling and we’re about to propose a level by which we’d hope for a rebound. About the only nice thing with this strategy is the ability to propose a fairly tight stop level, this being a point where our upward calculations fall apart!
To clarify, we suspect Glencore share price intends a bounce from around 304p, a price level it’s extremely close to. According to our calculations, price closure below 304p will be troubling as it would effectively destroy all arguments favouring a sharp upward movement. In summary, the visuals give considerable hope for a movement which should hopefully exceed 375p, essentially destroying the gloom generated by the current surge below the Red line on the chart. Movements such as this should prove capable of generating a nod in the direction of 406p with our longer term secondary, if bettered, at a future 473p.
Our problem comes if the price closes below 304p, essentially giving the share price the opportunity to slide to a ridiculous looking 211p. But on the brighter side, if our rebound hypothesis comes to fruition, we’re able to calculate a distant future 558p as providing an attraction, allowing the price to match its high from 2023.
This should be worth watching in the days ahead.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:47:28PM | BRENT | 7443.4 | |||||||||
| 10:50:00PM | GOLD | 2948.76 | 2922 | 2911 | 2896 | 2934 | 2956 | 2965 | 2976 | 2945 | |
| 11:05:13PM | FTSE | 8639.2 | |||||||||
| 11:07:41PM | STOX50 | 5427.8 | ‘cess | ||||||||
| 11:12:57PM | GERMANY | 22324.2 | ‘cess | ||||||||
| 11:16:40PM | US500 | 5992.7 | 5978 | 5941 | 5872 | 6020 | 6052 | 6080 | 6114 | 6018 | ‘cess |
| 11:26:10PM | DOW | 43534 | Success | ||||||||
| 11:28:56PM | NASDAQ | 21347 | |||||||||
| 11:31:05PM | JAPAN | 38420 |
24/02/2025 FTSE Closed at 8658 points. Change of -0.01%. Total value traded through LSE was: £ 6,091,356,449 a change of 2.58%
21/02/2025 FTSE Closed at 8659 points. Change of -0.03%. Total value traded through LSE was: £ 5,938,081,458 a change of 0.78%
20/02/2025 FTSE Closed at 8662 points. Change of -0.57%. Total value traded through LSE was: £ 5,892,381,883 a change of 10.17%
19/02/2025 FTSE Closed at 8712 points. Change of -0.62%. Total value traded through LSE was: £ 5,348,624,853 a change of 11.87%
18/02/2025 FTSE Closed at 8766 points. Change of -0.02%. Total value traded through LSE was: £ 4,781,200,025 a change of -0.7%
17/02/2025 FTSE Closed at 8768 points. Change of 0.41%. Total value traded through LSE was: £ 4,815,003,376 a change of -19.37%
14/02/2025 FTSE Closed at 8732 points. Change of -0.37%. Total value traded through LSE was: £ 5,971,374,028 a change of -3.83% 
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:BME B & M** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:IHG Intercontinental Hotels Group** **LSE:ITM ITM Power** **LSE:ZOO Zoo Digital** **
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Updated charts published on : B & M, Gulf Keystone, Glencore Xstra, Intercontinental Hotels Group, ITM Power, Zoo Digital,
LSE:BME B & M Close Mid-Price: 284.8 Percentage Change: -2.10% Day High: 295.2 Day Low: 254.6
Target met. Weakness on B & M below 254.6 will invariably lead to 245p wi ……..
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View Previous B & M & Big Picture ***
LSE:GKP Gulf Keystone Close Mid-Price: 186.8 Percentage Change: -4.01% Day High: 197.7 Day Low: 184.3
All Gulf Keystone needs are mid-price trades ABOVE 197.7 to improve accel ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:GLEN Glencore Xstra Close Mid-Price: 317.95 Percentage Change: -1.82% Day High: 326.4 Day Low: 316.4
Target met. In the event Glencore Xstra experiences weakness below 316.4 ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:IHG Intercontinental Hotels Group Close Mid-Price: 9696 Percentage Change: -2.06% Day High: 9804 Day Low: 9602
Target met. Continued weakness against IHG taking the price below 9602 ca ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 31 Percentage Change: -1.52% Day High: 32.5 Day Low: 30.5
Continued weakness against ITM taking the price below 30.5 calculates as ……..
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View Previous ITM Power & Big Picture ***
LSE:ZOO Zoo Digital Close Mid-Price: 14.05 Percentage Change: -14.85% Day High: 16.5 Day Low: 14.12
If Zoo Digital experiences continued weakness below 14.12, it will invari ……..
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View Previous Zoo Digital & Big Picture ***