#Dax #Brent All things considered, it was a great weekend. Louis Hamilton winning his first Grand Prix race in an age, following a pretty decent event in Barcelona, along with the Straits of Hormuz opening on Sunday evening. As the screen grab below from the MarineTraffic website shows, the bit of water which was once as empty as a politicians conscience is now stuffed with ships, hopefully in sufficient quantity to goose up the stock markets and allow Crude Oil to do what it has been trying to do for an age, drop in price. The only thing spoiling the weekend is our Scotland national football team scored a goal, taking them to the top of their group, and sparking an outpouring of optimism with flags appearing everywhere. This optimism is always misplaced as opposing teams will no longer field their Under-11’s, instead treating our national side as “serious”. The football pundit Ally McCoist famously bemoaned a player scoring a goal against Brazil with the line; “Don’t do that. You’ve only made them angry!”
Though it is a bit odd, the country often credited with inventing the “sport”, historically creating some really awful national teams which bring ritual humiliation. Maybe this time it will be different…
As for Lloyds, with the Futures Markets currently displaying more enthusiasm than Scots currently show for their national team (Today, Monday, is an Official Bank Holiday in Scotland in honour of the team qualifying for the World Cup), our inclination is to anticipate good things for their share price. On Friday, the market chose to elevate Lloyds share price above the immediate downtrend, presumably in anticipation of the Straits thing being resolved. The immediate situation suggests above just 102.6p should promote some gains for the share price, an initial 107.5p looking like a viable ambition. Our longer term secondary, if this hope is exceeded, calculates at a confident looking 116.7p.
The scenario will create a situation, where Big Picture influences should intrude, closure above 115p assembling a strong argument which favours a distant ambition of 150p sometime in the future. Probably a safer longer term hope than investing in a factory making Scotland Flags to support the football team.
Should things make an effort to go wrong, below 95p could prove nasty, easily provoking reversal to an initial 81p with our secondary, if broken, at 84p. In this instance, it feels like optimism for Lloyds is possible.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 11:30:15PM | BRENT | 8575.8 | 8250 | 7532 | 6248 | 8450 | 8610 | 8739 | 8902 | 8482 |
| 11:41:32PM | GOLD | 4283.22 | 4258 | |||||||
| 11:46:57PM | FTSE | 10529.1 | 10385 | |||||||
| 11:05:04PM | STOX50 | 6244.2 | 6235 | |||||||
| 11:06:55PM | GERMANY | 25035.5 | 24633 | 24463 | 24258 | 24758 | 25083 | 25181 | 25591 | 24890 |
| 11:08:48PM | US500 | 7500.3 | 7438 | |||||||
| 11:10:38PM | DOW | 51561.2 | 51202 | |||||||
| 11:12:17PM | NASDAQ | 30104.9 | 29878 | |||||||
| 11:15:01PM | JAPAN | 69382 | 68414 |
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:BP. BP PLC** **LSE:EZJ EasyJet** **LSE:IGG IG Group** **LSE:ITRK Intertek** **LSE:MKS Marks and Spencer** **LSE:NWG Natwest** **
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Updated charts published on : BP PLC, EasyJet, IG Group, Intertek, Marks and Spencer, Natwest,
LSE:BP. BP PLC. Close Mid-Price: 534.5 Percentage Change: + 0.00% Day High: 0 Day Low: 0
If BP PLC experiences continued weakness below 516.8, it will invariably ……..
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View Previous BP PLC & Big Picture ***
LSE:EZJ EasyJet. Close Mid-Price: 500 Percentage Change: + 0.00% Day High: 0 Day Low: 0
In the event of EasyJet enjoying further trades beyond 511.8, the share s ……..
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View Previous EasyJet & Big Picture ***
LSE:IGG IG Group. Close Mid-Price: 1938 Percentage Change: + 0.00% Day High: 0 Day Low: 0
In the event of IG Group enjoying further trades beyond 1955, the share s ……..
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View Previous IG Group & Big Picture ***
LSE:ITRK Intertek. Close Mid-Price: 5660 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Continued trades against ITRK with a mid-price ABOVE 5755 should improve ……..
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View Previous Intertek & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 376.3 Percentage Change: + 0.00% Day High: 0 Day Low: 0
All Marks and Spencer needs are mid-price trades ABOVE 377 to improve acc ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 614.2 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. Continued trades against NWG with a mid-price ABOVE 615 shoul ……..
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View Previous Natwest & Big Picture ***