#Gold #SP500 It’s a shame how some of the great British institutions have managed to eradicate themselves from daily life. For instance, it was once the case where the BBC was the home of essential viewing shows but the broadcasting corporation, despite many warning signs, continued to ignore the viewing public, demolishing habits like Top of The Pops, Dr Who, Top Gear, The News,etc. With colossal self belief, they thought viewers would always return to “The Beeb” but when they finally destroyed Top Gear just a few years ago, we lost interest. Anyone who had to endure the stream of outright lies broadcast by the BBC during the Scottish thing in 2014, decided to simply stop watching. Nowadays, probably like the majority of viewers North of the border, we no longer pay to a licence fee to a corporation which ate itself.
Similarly, a home phone number was felt to be essential but again, it’s no longer a fixed point in the house and most certainly not provided by BT. The company were another institution which believed itself bigger than the marketplace. I’ve a memory of trying to get Broadband for our offices in the 1990’s, experiencing the shock of BT telling me if I got a local petition together, they’d consider if but would need proof there was a need. Instead, they offered an expensive digital telephone line connection but luckily, we’d a girl called Carol. Carol had a flat directly above our office and had been offered cable TV and Internet, being uncertain whether it would be worth it. We offered to pay for her service – 250 quid a year – if we could drill a little hole in the ceiling to attached a network cable directly onto her cable system. In addition, we’d be happy to ensure she enjoyed a seamless connection to the internet from her home computer.
Obviously, Carol had nothing to lose and we’d high speed fibre optic broadband by 1996, gleefully leaving the constraints of modems far behind. We did obviously retain our BT lines, simply for telephone handsets and the inevitable fax machine. It was to take another 15 years before BT started to behave as if they’d always backed the idea of broadband, trying to pretend they hadn’t been throttling the technology infrastructure for years with their corporate BT Know Best attitude.
Nowadays, living without BBC and BT has proven remarkably easy, both corporations utterly failing to understand the implications of the internet, one of which should be the strongest provider and the other should be one of the strongest web presences. Senior management from the 1990’s and early 2000’s will now be retired with massive pensions, continuing to avoid blame for their utter incompetence at failing to embrace a future which was obvious. It would be correct to say a long term grudge remains at being asked to produce a petition to beg BT for broadband!
However…
BT’s share price did something a little odd on the 9th June, dipping below the Red uptrend since 2024 during the session. As the chart extracts show, this was an intraday movement, the market ensuring the share price closed above the trend and creating a scenario where some fairly near term gains looks possible, hopefully without investors needing to raise a petition! If our suspicion is correct, movement now above 210p should trigger gains to an initial 221p with our longer term secondary, if beaten, at an extremely important 249p. Due to this producing yet another “higher high”, we are forced to admit a long term attraction from 286p exists.
If things intend go wrong, the price needs dial itself below 195p as this would doubtless provoke reversal to an initial 178p with our secondary, if broken, calculating at 156p. Visually, this scenario looks improbable.
We suspect BT shall prove worth watching as it’s doing the work, for a cycle of recovery.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:47:23PM | BRENT | 8258 | |||||||||
| 10:51:37PM | GOLD | 4308.27 | 4305 | 4290 | 4264 | 4327 | 4340 | 4354 | 4370 | 4316 | ‘cess |
| 10:55:08PM | FTSE | 10407.1 | |||||||||
| 10:58:18PM | STOX50 | 6226.9 | |||||||||
| 11:39:23PM | GERMANY | 24818.1 | |||||||||
| 11:48:10PM | US500 | 7548.4 | 7512 | 7485 | 7454 | 7530 | 7563 | 7581 | 7700 | 7536 | ‘cess |
| 11:51:26PM | DOW | 51673.5 | ‘cess | ||||||||
| 11:54:58PM | NASDAQ | 30495.2 | ‘cess | ||||||||
| 11:57:42PM | JAPAN | 69571 |
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:AV. Aviva** **LSE:BP. BP PLC** **LSE:EZJ EasyJet** **LSE:MKS Marks and Spencer** **LSE:NWG Natwest** **LSE:QED Quadrise** **LSE:RR. Rolls Royce** **
********
Updated charts published on : Aviva, BP PLC, EasyJet, Marks and Spencer, Natwest, Quadrise, Rolls Royce,
LSE:AV. Aviva. Close Mid-Price: 631 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Further movement against Aviva ABOVE 634.8 should improve acceleration to ……..
</p
View Previous Aviva & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 517 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Weakness on BP PLC below 508.2 will invariably lead to 489 with our secon ……..
</p
View Previous BP PLC & Big Picture ***
LSE:EZJ EasyJet. Close Mid-Price: 500 Percentage Change: + 0.00% Day High: 0 Day Low: 0
All EasyJet needs are mid-price trades ABOVE 522.4 to improve acceleratio ……..
</p
View Previous EasyJet & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 375.4 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. In the event of Marks and Spencer enjoying further trades bey ……..
</p
View Previous Marks and Spencer & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 614.8 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. Further movement against Natwest ABOVE 630.6 should improve a ……..
</p
View Previous Natwest & Big Picture ***
LSE:QED Quadrise. Close Mid-Price: 1.985 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Weakness on Quadrise below 1.72 will invariably lead to 1.57 with our sec ……..
</p
View Previous Quadrise & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 1358.4 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. All Rolls Royce needs are mid-price trades ABOVE 1387 to impr ……..
</p
View Previous Rolls Royce & Big Picture ***