#FTSE #GOLD We’ve always thought Fresnillo company name sounded like they may produce ice-lolly’s or perhaps something based in milk. Unsurprisingly, their focus is completely different, the worlds largest Silver producer and also holding the accolade of being one of Mexico’s largest Gold miners. In addition to their Mexican operations, they also dig holes in Canada, Chile, and Peru. Despite the visual similarities between the charts for LSE:FRES and PM:XAUUSD (Gold), the rate of pull back from highs earlier this year differs.
Gold has pulled back from its highs by around 26%, whereas Fresnillo have retreated faster than a Mexican with a goal opportunity, down 38% from their January highs. Regardless, it feels like there’s a broad expectation for Gold itself to enter a meltdown cycle to an initial 3,600 dollars, maybe even a bottom and hopeful bound just above the $3,042 level. The price of Gold needs exceed $4,300 to force us to revisit these numbers, surprise gains suddenly looking possible.
For Fresnillo, below 2,670p risks triggering ongoing reversals down to an initial 2,267p with our secondary, if broken, ideally calculating at 1,459p and hopefully a solid bounce. In fact, we’d hope for a bounce before such a calculation makes itself known. From our perspective, the share price needs above 3,300p to nullify the downward potentials.
In the event the share price finds an excuse to exceed 3,300p, we’re able to calculate an initial ambition at 3,662 with our secondary, if bettered, a longer term 4,019p. This secondary is liable to be a really big deal, dropping the share value in a zone where a future 4,910 calculates as a reasonable hope, along with a new all time high for the share price.
Unfortunately, we’re fairly comfortable with the idea Fresnillo shall continue to head in the opposite direction from many FTSE 100 constituents, suspecting an eventual visit to the Blue downtrend on the chart, a line which dates back to 2011.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:05:43PM | BRENT | 7600.8 | Success | ||||||||
| 11:08:38PM | GOLD | 4103.33 | |||||||||
| 11:11:58PM | FTSE | 10653.7 | 10640 | 10606 | 10559 | 10670 | 10700 | 10719 | 10743 | 10678 | |
| 11:15:42PM | STOX50 | 6315.4 | 6305 | 6277 | 6226 | 6344 | 6373 | 6396 | 6426 | 6351 | Success |
| 11:19:45PM | GERMANY | 25438.2 | ‘cess | ||||||||
| 11:27:52PM | US500 | 7502.1 | |||||||||
| 11:30:38PM | DOW | 52870.5 | Shambles | ||||||||
| 11:33:45PM | NASDAQ | 29166.2 | Success | ||||||||
| 11:36:45PM | JAPAN | 67492 | Success |
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:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:HIK Hikma** **LSE:LLOY Lloyds Grp.** **LSE:NWG Natwest** **LSE:QED Quadrise** **LSE:SBRY Sainsbury** **LSE:STAN Standard Chartered** **
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Updated charts published on : Aviva, Barclays, BALFOUR BEATTY, Lloyds Grp., Natwest, Quadrise, Sainsbury, Standard Chartered,
LSE:AV. Aviva. Close Mid-Price: 676 Percentage Change: + 0.00% Day High: 0 Day Low: 0
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LSE:BARC Barclays. Close Mid-Price: 516.1 Percentage Change: + 0.00% Day High: 0 Day Low: 0
All Barclays needs are mid-price trades ABOVE 531.3 to improve accelerati ……..
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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 851.5 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Continued trades against BBY with a mid-price ABOVE 900 should improve th ……..
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LSE:HIK Hikma. Close Mid-Price: 1661 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. In the event of Hikma enjoying further trades beyond 1667, th ……..
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LSE:LLOY Lloyds Grp.. Close Mid-Price: 113.85 Percentage Change: + 0.00% Day High: 0 Day Low: 0
All Lloyds Grp. needs are mid-price trades ABOVE 115.75, the share should ……..
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LSE:NWG Natwest. Close Mid-Price: 677.8 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. Further movement against Natwest ABOVE 688 should improve acc ……..
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View Previous Natwest & Big Picture ***
LSE:QED Quadrise. Close Mid-Price: 1.37 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. Weakness on Quadrise below 1.37 will invariably lead to 1.25 ……..
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LSE:SBRY Sainsbury. Close Mid-Price: 337.2 Percentage Change: + 0.00% Day High: 0 Day Low: 0
All Sainsbury needs are mid-price trades ABOVE 339.4 to improve accelerat ……..
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View Previous Sainsbury & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 2126 Percentage Change: + 0.00% Day High: 0 Day Low: 0
In the event of Standard Chartered enjoying further trades beyond 2160, t ……..
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