Glencore Plc (LSE:GLEN) and a hope for gains.

#FTSE #Nasdaq  We’ve now reached that dangerous time of the year, when some idiot will write “only 176 more days until Christmas” or something equally depressing, such as “the nights are getting longer”… In our case, it’s a reflection of how boring the markets have been for the last couple of months, trying to find something more interesting to write about! From a personal perspective, experiencing an utter failure of my brilliant idea of wearing a model dragonfly on each hat deserves some comment! The creatures called “Clegs” here in Argyll (horsefly everywhere else) come out during July and August. Boasting painful and swollen bites on my right hand, along with another on my left elbow – biting through a heavy country shirt, I can confirm the Cleg season has started, meaning my dog walks will now take place on the sea shore rather than alongside freshwater rivers.  The things avoid salt water, unfortunately meaning we now must tolerate tourists on visits to the beaches.

When we last analysed Glencore share price, we finished our article with a paragraph which read as below;

In real life, Glencore share price dribbled down to a bottom of 205p on April 7th, closing the day at a less painful 230p, once again a victim of our final paragraph. This paragraph is where we relax and cover ourselves by pointing out the threats if everything goes wrong. Glencore joined a not very select group of shares who suffered from the curse of our throwaway comment.

We are understandably concerned at the share price moving below our 211 target and hitting 205 during the trading session on April 7th. However, some hope is being taken by the price closing in relatively safe territory, meaning we should look at “surprise” recovery prospects. But before we delve into this theory which projects gains, a glance at the immediate situation is suggested.

Below 205p now calculates with the potential of reversal down to an initial 182p with our secondary, if broken, at eventual bottom of 117p. It becomes very difficult to calculate below 117p at present, due to many target levels coming out with minus signs ahead of them.

 

However, there are some signals we generally associate with a bottom being attained already, so we’re more inclined to look for suggestions for share price gains.

Currently trading around 291p, Glencore needs to trade above 298p to hopefully trigger movements to an initial 324p with our longer term secondary, if beaten, at 363p and a challenge against the Red uptrend since 2020. In reality, we need closure above a future 355p to suggest impending movement of strength for the longer term. Essentially, closure above 355p should trigger a future argument which anticipates the potenial of a distant 509p as exerting an attraction. Surprisingly, the chart visuals strongly concur with such an optimistic hope.

 

FUTURES


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:36:19PM BRENT 6704.5
10:38:39PM GOLD 3338.09 Success
10:41:05PM FTSE 8790.3 8726 8701 8662 8750 8807 8817 8830 8780 ‘cess
10:45:08PM STOX50 5288.7 Success
10:56:42PM GERMANY 23700
10:58:53PM US500 6198
11:31:04PM DOW 44513.7 Success
11:33:33PM NASDAQ 22486.7 22385 22233 22072 22507 22718 22854 23011 22627
11:35:34PM JAPAN 39581 Success

 

1/07/2025 FTSE Closed at 8785 points. Change of 0.29%. Total value traded through LSE was: £ 5,724,160,773 a change of 7.93%
30/06/2025 FTSE Closed at 8760 points. Change of -0.43%. Total value traded through LSE was: £ 5,303,542,637 a change of 7.14%
27/06/2025 FTSE Closed at 8798 points. Change of 0.72%. Total value traded through LSE was: £ 4,950,185,062 a change of -11.23%
26/06/2025 FTSE Closed at 8735 points. Change of 0.19%. Total value traded through LSE was: £ 5,576,649,993 a change of -3.11%
25/06/2025 FTSE Closed at 8718 points. Change of -0.46%. Total value traded through LSE was: £ 5,755,869,829 a change of -23.33%
24/06/2025 FTSE Closed at 8758 points. Change of 0%. Total value traded through LSE was: £ 7,507,244,124 a change of 60.9%
23/06/2025 FTSE Closed at 8758 points. Change of -0.18%. Total value traded through LSE was: £ 4,665,666,044 a change of -66.2%

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:BT.A British Telecom** **LSE:CCL Carnival** **LSE:CPI Capita** **LSE:IPF International Personal Finance** **LSE:VOD Vodafone** **

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Updated charts published on : British Telecom, Carnival, Capita, International Personal Finance, Vodafone,


LSE:BT.A British Telecom. Close Mid-Price: 196.45 Percentage Change: + 1.39% Day High: 196.65 Day Low: 194.15

In the event of British Telecom enjoying further trades beyond 196.65, th ……..

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LSE:CCL Carnival. Close Mid-Price: 1884 Percentage Change: + 3.01% Day High: 1906 Day Low: 1837

Target met. Further movement against Carnival ABOVE 1906 should improve a ……..

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LSE:CPI Capita Close Mid-Price: 332.5 Percentage Change: -0.30% Day High: 349 Day Low: 322.5

In the event of Capita enjoying further trades beyond 349, the share shou ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 171 Percentage Change: + 0.59% Day High: 171.6 Day Low: 169.8

Target met. Further movement against International Personal Finance ABOVE ……..

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LSE:VOD Vodafone. Close Mid-Price: 79.68 Percentage Change: + 2.44% Day High: 79.92 Day Low: 78.24

Further movement against Vodafone ABOVE 79.92 should improve acceleration ……..

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*** End of “Updated Today” comments on shares.

Beazley Plc Crude (LSE:BEZ), who thought insurance could be attractive?

#Gold #SP500   We’d a bit of a giggle with the insurance company who provide cover for the dogs car.  Our “spare” car is used entirely for the animals and by myself to visit the hospital on the mainland. Traditionally, it’s a car we expect to run into the ground, one where the MoT people finally say it’s not worth fixing. At this point, we tend list it on eBay for spares/repairs, giving it a starting price of 100 quid. It can be correctly assumed the dogs car doesn’t get lavished with care. When we renewed the insurance last week, the accepted quote was just £182 and everyone was happy (Living in Argyll is not a high risk postcode for cars!)

A couple of days after renewal, the insurance company sent an email asking for confirmation of the annual mileage. The policy had been issued on the basis the car only did 2 thousand miles a year but when we checked the MoT’s, it transpires the spare car was doing just of 2,500 miles per year. When we informed the insurers, they demanded a further £139 per year or else they’d cancel the policy. We had a few days to think about it… My wife took over the phone call, perfectly aware I can be a touch acidic about corporate stupidity but this time, she also ran into a wall of sorts. A couple of days later she called them back, saying we’d no choice but to cancel the policy as the increase was absurd. We received a full refund immediately, less £6 due to the period already insured. She kept the call centre person on the line, while she did something clever.

“I’ve just taken out a new policy with your firm, at the original price, this time using 3,000 miles a year as the estimated mileage. And I’ve paid for it in full. Are there any questions?” She quoted the person the policy number, hearing laughter from the other end. There were no questions but the representative taking the call surely had a funny story to tell. It’s now been five days and they have not cancelled, so a battle with an insurance company was easily won, giving everyone a good giggle at the expense of software which didn’t allow human intervention.

Our hardliner attitude to insurance companies dates back to last year and our battle to get an insurance company to even acknowledge our garden shed disaster. In that instance, incompetence made us decide to play hardball, an attitude which still resonates when renewing the dogs car policy. (We are serious about this; the private registration number even ends in WUF (Golden Retriever dogs are extremely messy, costing a small fortune to have vehicles as diverse as TVR’s and Range Rovers professionally cleaned internally. Our favourite disaster came from the dog who stole a Vienneta from a cool bag while we were buying some wine, pushing it against the car glass as she forced her muzzle into the packaging, squirting chocolate and ice-cream onto the windows etc. This was a factory special TVR 290ti 2+2 with light brown leather upholstery, a model which never officially existed…  And the animal was the only dog we ever gave a middle name to; “Chaos”)

 

The “battle” with our car insurance company, an easy win, leads us to view Beazley with rather gentle eyes, rather than automatically launch into savage mode. Oddly, when we reviewed the company a year ago. Unsurprisingly, we’ve given criteria for gains to 755p, a potential ultimate level which held between July and November last year. However,. somehow or other, the share price managed to propel itself beyond our target level, almost a “no brainer” as this share had closed repeatedly above 755p.

 

With the company recently indulging in share Buy-Backs, reducing the number of shares on offer and ideally increasing the desirability of the share, moves next above 956 point in the direction of movement to an initial 992 with our secondary, if bettered, at 1007. The proximity of these targets, despite the exciting breathlessness of new all time highs, isn’t that great in terms of monetary leap. Our longer term attraction from 1038p isn’t that impressive but we’d warn, if the market finds an excuse to start “gapping” this price up, goodness knows how high it could go!

If things intend go wrong, below 911 risks promoting reversal to an initial 890 suggests a quote of 858 may be coming, our secondary if broken working out at 762 and a hopeful bottom.

 

 

 

 

FUTURES


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:37:54PM BRENT 6651.8
11:37:09PM GOLD 3302.39 3273 3261 3245 3290 3310 3321 3346 3293
11:41:49PM FTSE 8762.9
11:44:41PM STOX50 5301.9
11:48:28PM GERMANY 23921
11:50:31PM US500 6195.9 6173 6161 6143 6188 6215 6222 6229 6192
11:53:19PM DOW 44039.7 ‘cess
11:55:42PM NASDAQ 22651 Success
11:58:05PM JAPAN 40258

 

30/06/2025 FTSE Closed at 8760 points. Change of -0.43%. Total value traded through LSE was: £ 5,303,542,637 a change of 7.14%
27/06/2025 FTSE Closed at 8798 points. Change of 0.72%. Total value traded through LSE was: £ 4,950,185,062 a change of -11.23%
26/06/2025 FTSE Closed at 8735 points. Change of 0.19%. Total value traded through LSE was: £ 5,576,649,993 a change of -3.11%
25/06/2025 FTSE Closed at 8718 points. Change of -0.46%. Total value traded through LSE was: £ 5,755,869,829 a change of -23.33%
24/06/2025 FTSE Closed at 8758 points. Change of 0%. Total value traded through LSE was: £ 7,507,244,124 a change of 60.9%
23/06/2025 FTSE Closed at 8758 points. Change of -0.18%. Total value traded through LSE was: £ 4,665,666,044 a change of -66.2%
20/06/2025 FTSE Closed at 8774 points. Change of -0.19%. Total value traded through LSE was: £ 13,804,431,161 a change of 245.4%

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:BBY BALFOUR BEATTY** **LSE:CCL Carnival** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:FOXT Foxtons** **LSE:IPF International Personal Finance** **LSE:MRO Melrose** **LSE:RR. Rolls Royce** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **

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Updated charts published on : BALFOUR BEATTY, Carnival, Capita, Diageo, Foxtons, International Personal Finance, Melrose, Rolls Royce, Serco, Standard Chartered,


LSE:BBY BALFOUR BEATTY Close Mid-Price: 522 Percentage Change: -0.29% Day High: 535.5 Day Low: 518

Target met. All BALFOUR BEATTY needs are mid-price trades ABOVE 535.5 to ……..

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LSE:CCL Carnival. Close Mid-Price: 1829 Percentage Change: + 2.64% Day High: 1838.5 Day Low: 1795

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LSE:CPI Capita Close Mid-Price: 333.5 Percentage Change: -0.60% Day High: 343 Day Low: 334

Further movement against Capita ABOVE 343 should improve acceleration tow ……..

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LSE:DGE Diageo Close Mid-Price: 1828 Percentage Change: -0.35% Day High: 1843.5 Day Low: 1820.5

Weakness on Diageo below 1820.5 will invariably lead to 1818p with second ……..

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LSE:FOXT Foxtons. Close Mid-Price: 67.7 Percentage Change: + 1.50% Day High: 68 Day Low: 66

In the event of Foxtons enjoying further trades beyond 68, the share shou ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 170 Percentage Change: + 1.55% Day High: 170 Day Low: 167

Target met. In the event of International Personal Finance enjoying furth ……..

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LSE:MRO Melrose Close Mid-Price: 530.8 Percentage Change: -0.97% Day High: 544.2 Day Low: 531

All Melrose needs are mid-price trades ABOVE 544.2 to improve acceleratio ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 967.6 Percentage Change: + 1.40% Day High: 983.2 Day Low: 959.2

Target met. Continued trades against RR. with a mid-price ABOVE 983.2 sho ……..

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LSE:SRP Serco Close Mid-Price: 202 Percentage Change: -0.98% Day High: 209.6 Day Low: 202.6

Further movement against Serco ABOVE 209.6 should improve acceleration to ……..

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LSE:STAN Standard Chartered Close Mid-Price: 1207 Percentage Change: -0.98% Day High: 1230.5 Day Low: 1195

Further movement against Standard Chartered ABOVE 1230.5 should improve a ……..

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*** End of “Updated Today” comments on shares