Close Brothers Group (LSE:CBG)

#Gold #WallSt  When we previously reviewed Close Brothers back in 2023, the so called scandal regarding car loans was just bubbling under but we still managed to give criteria laying out the potential for a drop to 445p. This obviously has been achieved and exceeded but it appears the prospective damage across the financial sector is being diluted, rather than the usual  Money Tree of claims firms making a problem substantially larger than it ever was.

There are now early signs Close Brothers may be shuffling its feet in preparation for some recovery, needing to close a session below 358p to derail any optimism.

Instead, it appears worthwhile to keep an eye on the share price over the next few weeks in the hope it manages to close a session above a significant 508p or, if feeling brave, start trading above 493p intraday. Either trigger has the potential to trigger recovery to an initial 606p with our secondary, if beaten, at a more useful 685p. Overall, this would emplace the share in a zone where a long term attraction calculates as coming from a distant 928p.

If things are planning to go wrong, below 358p risks a visit to an initial 308 with our secondary, if broken, now at an ultimate bottom of 220p along with potentially a strong rebound.

 

Overall, the markets remain in “holiday mode” but some shares appear to be making signs of waking up. The underlying trend in the US and the UK is for market gains virtually across the board.

 

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FUTURES


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:05:12PM BRENT 6604.8
9:13:10PM GOLD 3636.78 3579 3553 3522 3600 3646 3669 3852 3545 Success
9:16:08PM FTSE 9227.1 ‘cess
9:19:27PM STOX50 5357.8
9:25:22PM GERMANY 23792
9:28:26PM US500 6498.8
9:31:04PM DOW 45539 45273 45162 45034 45457 45769 45952 46203 45549
9:33:26PM NASDAQ 23765.2
9:36:17PM JAPAN 43945 ‘cess

 

8/09/2025 FTSE Closed at 9221 points. Change of 0.14%. Total value traded through LSE was: £ 4,172,667,369 a change of -14.19%
5/09/2025 FTSE Closed at 9208 points. Change of -0.09%. Total value traded through LSE was: £ 4,862,590,557 a change of 7.19%
4/09/2025 FTSE Closed at 9216 points. Change of 0.42%. Total value traded through LSE was: £ 4,536,344,047 a change of -21.07%
3/09/2025 FTSE Closed at 9177 points. Change of 0.67%. Total value traded through LSE was: £ 5,747,395,783 a change of -1.83%
2/09/2025 FTSE Closed at 9116 points. Change of -0.87%. Total value traded through LSE was: £ 5,854,446,717 a change of 77.93%
1/09/2025 FTSE Closed at 9196 points. Change of 0.1%. Total value traded through LSE was: £ 3,290,341,623 a change of -43.81%
29/08/2025 FTSE Closed at 9187 points. Change of -0.31%. Total value traded through LSE was: £ 5,855,483,777 a change of 30.98%

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:CAR Carclo** **LSE:FRES Fresnillo** **LSE:HIK Hikma** **LSE:IQE IQE** **LSE:MRO Melrose** **LSE:RKH Rockhopper** **LSE:SBRY Sainsbury** **LSE:TSCO Tesco** **

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Updated charts published on : BALFOUR BEATTY, Carclo, Fresnillo, Hikma, IQE, Melrose, Rockhopper, Sainsbury, Tesco,


LSE:BBY BALFOUR BEATTY. Close Mid-Price: 618.5 Percentage Change: + 2.32% Day High: 616.5 Day Low: 605

Target met. Continued trades against BBY with a mid-price ABOVE 616.5 sho ……..

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View Previous BALFOUR BEATTY & Big Picture ***


LSE:CAR Carclo. Close Mid-Price: 65.3 Percentage Change: + 5.49% Day High: 67 Day Low: 62.6

All Carclo needs are mid-price trades ABOVE 67 to improve acceleration to ……..

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View Previous Carclo & Big Picture ***


LSE:FRES Fresnillo. Close Mid-Price: 2178 Percentage Change: + 2.83% Day High: 2186 Day Low: 2128

Target met. In the event of Fresnillo enjoying further trades beyond 2186 ……..

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View Previous Fresnillo & Big Picture ***


LSE:HIK Hikma Close Mid-Price: 1699 Percentage Change: -1.22% Day High: 1724 Day Low: 1686

If Hikma experiences continued weakness below 1686, it will invariably le ……..

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View Previous Hikma & Big Picture ***


LSE:IQE IQE Close Mid-Price: 7.82 Percentage Change: -9.07% Day High: 8 Day Low: 7.56

If IQE experiences continued weakness below 7.56, it will invariably lead ……..

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View Previous IQE & Big Picture ***


LSE:MRO Melrose Close Mid-Price: 611 Percentage Change: -0.81% Day High: 625 Day Low: 607.2

Continued trades against MRO with a mid-price ABOVE 625 should improve th ……..

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View Previous Melrose & Big Picture ***


LSE:RKH Rockhopper Close Mid-Price: 85.8 Percentage Change: -2.28% Day High: 89 Day Low: 83.6

Target met. All Rockhopper needs are mid-price trades ABOVE 89 to improve ……..

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View Previous Rockhopper & Big Picture ***


LSE:SBRY Sainsbury Close Mid-Price: 312.2 Percentage Change: -0.13% Day High: 314 Day Low: 310.4

Target met. Continued trades against SBRY with a mid-price ABOVE 314 shou ……..

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View Previous Sainsbury & Big Picture ***


LSE:TSCO Tesco Close Mid-Price: 440 Percentage Change: -0.23% Day High: 444.9 Day Low: 437.8

Continued trades against TSCO with a mid-price ABOVE 444.9 should improve ……..

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View Previous Tesco & Big Picture ***


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

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