Author: T&T Staff

#Gold #DOW  

Here in Argyll, the usual flamboyant (vulgar) unspoken competitions of Xmas lights appear to be enjoying a cease fire in 2022.  Whether this is to do with a fear of electricity prices, the ‘cost of living’ crisis, or folk simply fed up with untangling light ropes cables is unknown. Perhaps its the case it’s just too blooming cold, ice always a factor in deciding whether to climb ladders to dangle thousands of twinkling led lights.

Personally, the cold has provided sufficient excuse give this year a miss but we gather, in the wider world, there’s a certain lack garden displays and cost is bound to be an issue. It makes us wonder whether the supermarkets are liable to dodge their usual success in December, folk nationwide being very aware of the “cost of stuff”. It’s becoming difficult to maintain any justification for profiteering presently, Crude Oil’s now cheaper than it was a year ago with the price of wheat following a similar trajectory. Even timber has been showing price reversals, though still not returning to sensible levels.

 

For Tesco, their share price has enacted some really strange movements recently, starting November by regaining the historical Red uptrend. Unfortunately, it celebrated the start of December by once again breaking below Red and this is rarely an encouraging signal, quite the converse.

Price weakness now below 208p risks turning the share into a turkey as this could easily trigger reversal to an initial 191p, slightly below the more recent low. Our secondary, should such a level break, is visually absurd as it calculates at a potential bottom of 135p. We’d be quite careful with rushing into any short positions on the basis of this calculation as we suspect Tesco would really need blot their copybook to provoke such a catastrophe. However, it’d hopefully provide an ideal jumping off place for a long position, in the unlikely event such an entry level ever appeared.

Maybe the market is paying Tesco back for their awful reliance on ‘self scan’ checkouts.

Our converse scenario demands Tesco share price exceed 236p to trigger recovery to an initial 259p with secondary, if exceeded, working out at 266p. The proximity of these target levels tends imply an expectation of some hesitation, even if the company share price somehow manages to claw its way back above Red on the chart.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:08:06PM	BRENT	78.27
10:48:27PM	GOLD	1780.56	1777	1770	1758	1787	1795	1797	1803	1787	‘cess
10:50:57PM	FTSE	7467
10:53:15PM	STOX50	3942.6
10:55:11PM	GERMANY	14360.04
10:56:52PM	US500	3986.72	3920	3904	3875	3950	3990	4004	4032	3956	Shambles
10:58:32PM	DOW	33974.5
11:01:15PM	NASDAQ	11695
11:03:20PM	JAPAN	28028									‘cess

 

12/12/2022 FTSE Closed at 7445 points. Change of -0.41%. Total value traded through LSE was: £ 4,840,427,704 a change of -2.03%

9/12/2022 FTSE Closed at 7476 points. Change of 0.05%. Total value traded through LSE was: £ 4,940,691,101 a change of -3.99%

8/12/2022 FTSE Closed at 7472 points. Change of -0.23%. Total value traded through LSE was: £ 5,146,170,093 a change of -10.96%

7/12/2022 FTSE Closed at 7489 points. Change of -0.43%. Total value traded through LSE was: £ 5,779,316,344 a change of 0.25%

6/12/2022 FTSE Closed at 7521 points. Change of -0.61%. Total value traded through LSE was: £ 5,764,980,013 a change of 13.53%

5/12/2022 FTSE Closed at 7567 points. Change of 0.15%. Total value traded through LSE was: £ 5,078,150,606 a change of 13.07%

2/12/2022 FTSE Closed at 7556 points. Change of -0.03%. Total value traded through LSE was: £ 4,491,031,065 a change of -9.42%

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:AML Aston Martin** **LSE:ASC Asos** **LSE:BT.A British Telecom** **LSE:CCL Carnival** **LSE:IGAS Igas Energy** **LSE:RR. Rolls Royce** **

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Updated charts published on : Aston Martin, Asos, British Telecom, Carnival, Igas Energy, Rolls Royce,

LSE:AML Aston Martin Close Mid-Price: 153.2 Percentage Change: -4.52% Day High: 158.55 Day Low: 149.8

This only needs above 165 to allegedly trigger acceleration to an initial ……..

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LSE:ASC Asos Close Mid-Price: 542 Percentage Change: -7.35% Day High: 573 Day Low: 537

Target Met. Now below 537 calculates with the potential of reversal to 444 ……..

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LSE:BT.A British Telecom Close Mid-Price: 112.75 Percentage Change: -0.70% Day High: 113.55 Day Low: 110.55

Target Met. Now below 110 suggests reversal to 108 next with secondary, if ……..

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LSE:CCL Carnival Close Mid-Price: 645 Percentage Change: -1.53% Day High: 652.8 Day Low: 619.2

Now below 619 suggests an excursion down to an initial 585 with secondary, ……..

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LSE:IGAS Igas Energy Close Mid-Price: 16.3 Percentage Change: -3.55% Day High: 17.35 Day Low: 15.9

If Igas Energy experiences continued weakness below 15.9, it will invariab ……..

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LSE:RR. Rolls Royce Close Mid-Price: 92.84 Percentage Change: -1.29% Day High: 94.68 Day Low: 92.35

Further movement against Rolls Royce ABOVE 94.7 should improve acceleratio ……..

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

#Brent #Dax  

We’ve become so cynical with the markets, spending the weekend with an occasional glance at the news to discover if a ‘breaking story’ has yet appeared, used as an excuse to force recovery of crude oil prices. Britain hasn’t invaded Ireland, Saudi refineries are still intact, Russia is still Russia, and Xmas is still coming. About the only “surprise” is the cold weather, along with the salient fact a Blocking High in winter brings very cold weather, along with wind power taking a little break when it’s most needed. As for Natwest, their share price remains utterly becalmed and similar to Brent Crude, it’s failing to do anything particularly interesting.

Of course, this week may prove interesting for financial shares with Bank of England widely expected to punt interest rates higher on Thursday, part of their insatiable campaign to battle price inflation by pushing prices upward… Also, everyone who had the misfortune of being deemed an essential worker during the pandemic are also expected to commence strike action, doubtless puzzled why they were sufficiently valued for people to open their doors and applaud on Thursday evenings for a few years. Maybe investors should start applauding bank shares at 8am on Monday mornings, maybe this is the trick we’ve all been missing as nothing else looks capable of making the retail bank sector provide real movement.

 

Our inclination is to allocate 266.5p as a trigger level against Natwest. Should the share price now exceed such a point, movement toward an initial 284p looks quite possible. Our longer term secondary, if such a level is bettered, now works out at 337p. For the longer term, closure above 284p is liable to be game changing, exceeding the pre-Covid high, along with a bunch of other glass ceiling highs at this level since 2019.

Conversely, if the market discovers an excuse to now trade NWG below 243p, reversal to an initial 228p now looks possible with secondary, if broken, down at a less likely (aside from the visuals) 198p.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
4:20:16PM	BRENT	76.86	75.18	74.865	73.95	76.47	77.58	77.94	78.86	76.35
4:21:28PM	GOLD
4:43:34PM	GERMANY	14325	14265	14234	14183	14360	14387	14461	14545	14307
4:46:50PM	US500

9/12/2022 FTSE Closed at 7476 points. Change of 0.05%. Total value traded through LSE was: £ 4,940,691,101 a change of -3.99%

8/12/2022 FTSE Closed at 7472 points. Change of -0.23%. Total value traded through LSE was: £ 5,146,170,093 a change of -10.96%

7/12/2022 FTSE Closed at 7489 points. Change of -0.43%. Total value traded through LSE was: £ 5,779,316,344 a change of 0.25%

6/12/2022 FTSE Closed at 7521 points. Change of -0.61%. Total value traded through LSE was: £ 5,764,980,013 a change of 13.53%

5/12/2022 FTSE Closed at 7567 points. Change of 0.15%. Total value traded through LSE was: £ 5,078,150,606 a change of 13.07%

2/12/2022 FTSE Closed at 7556 points. Change of -0.03%. Total value traded through LSE was: £ 4,491,031,065 a change of -9.42%

1/12/2022 FTSE Closed at 7558 points. Change of -0.2%. Total value traded through LSE was: £ 4,958,235,310 a change of -42.03%

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:AML Aston Martin** **LSE:ASC Asos** **LSE:AZN Astrazeneca** **LSE:BP. BP PLC** **LSE:HSBA HSBC** **LSE:IDS International Distribution** **LSE:IHG Intercontinental Hotels Group** **

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Updated charts published on : Aston Martin, Asos, Astrazeneca, BP PLC, HSBC, International Distribution, Intercontinental Hotels Group,

LSE:AML Aston Martin. Close Mid-Price: 160.45 Percentage Change: + 9.90% Day High: 161.65 Day Low: 139.6

In the event of Aston Martin enjoying further trades beyond 161.65, the s ……..

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LSE:ASC Asos. Close Mid-Price: 585 Percentage Change: + 1.47% Day High: 593.5 Day Low: 571.5

Continued weakness against ASC taking the price below 571.5 calculates as ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 11354 Percentage Change: + 0.34% Day High: 11396 Day Low: 11266

Continued trades against AZN with a mid-price ABOVE 11396 should improve ……..

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LSE:BP. BP PLC Close Mid-Price: 461.95 Percentage Change: -0.43% Day High: 464.05 Day Low: 455

This is doing very little but now below 455 looks capable of an initial 44 ……..

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LSE:HSBA HSBC. Close Mid-Price: 496.2 Percentage Change: + 0.18% Day High: 498.35 Day Low: 493.6

Now above 511 should prove useful, giving the potential of an initial 525 ……..

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LSE:IDS International Distribution. Close Mid-Price: 212.6 Percentage Change: + 0.90% Day High: 213.2 Day Low: 209.2

Below 190 risks triggering reversal to 171 with secondary, if broken, at a ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4986 Percentage Change: + 4.05% Day High: 4993 Day Low: 4863

Target met. Further movement against Intercontinental Hotels Group ABOVE ……..

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

#FTSE #Futures

Bank of America commented, in passing, they expect the US S&P 500 to drop around 20% early next year. Meanwhile, the FT suspect oil prices will rise thanks to the cap on Russian prices. We often express considerable reservations, when these sort of clickbait predictions surface, quite literally expecting the opposite to be what really happens.

 

The price of Brent Crude is now at a level not seen since December 23rd last year. Almost amusingly, Brent hit our oft mooted $77 drop target exactly, then bounced to 79.23 dollars. Unfortunately, next time it slumped it broke the 77 dollar level, making us suspect the next chance for some sort of rebound may be around 74.75 dollars. At time of writing, Brent is trading at 76.4 dollars and our software demands it exceed 79.23 before we should take any recovery seriously.

 

With regard the S&P, it’s currently showing some reasonable chart potentials. As shown clearly, the index broke below its pandemic Red uptrend but eventually exceeded the level of trend break. It’s currently carefully, very carefully, remaining above Red and giving some hope for the future. The index needs exceed 4100 points to hopefully ignite the touchpaper for some useful moves as this should prove capable of triggering an initial 4323 with secondary, if bettered, at 4530. The secondary is a really big deal, putting the index at risk of longer term traffic to 5108 points eventually.

Should a sufficiently clever reason be discovered to drive some reversals, below 3880 calculates with the potential of reversal to 3808 with secondary, if broken, down at 3760 and hopefully a bounce. Neither target level dumps the index in a zone, where a 20% reversal works out as possible.

FTSE for FRIDAY It’s been an annoying week for the FTSE with three sessions using the opening minute of trade to enact most of the days work. Few market strategies prove more irritating than the FTSE being gapped, then spiked, down at the open of business. Generally, this sort of nonsense proved a recipe for a wasted day, both Tuesday and Thursday finding themselves ensnared in such confusion.

The situation now suggests weakness below 7465 risks reversal to an initial 7419 points with secondary, if broken, at 7364. Of visual interest, our secondary target level implies the potential of another bonk against the Red uptrend since Covid-19 hit in 2020. Logically, we shall expect a bounce, should the index opt to attempt this line. If triggered, the tightest stop loss level looks like 7508 points.

 

A converse scenario asks what should be anticipated, should the FTSE 100 drag itself above this weeks downtrend at 7520 points?

Above 7520 calculates with an initial potential of 7546 with secondary, if exceeded, working out at 7605 points.

 

Have a good weekend and take care if chewing Xmas lights.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:00:04PM	BRENT	76.61	75.87	74.76		79.3	80.55	80.925		77.31	‘cess
10:06:14PM	GOLD	1788.83	1781	1777		1788	1795	1803		1781	‘cess
10:08:26PM	FTSE	7474.24	7461	7442		7494	7511	7529		7471	‘cess
10:10:03PM	STOX50	3928.4	3913	3897		3933	3935	3943		3915	‘cess
10:11:34PM	GERMANY	14288	14190	14148		14258	14305	14337		14250
10:13:11PM	US500	3963.37	3926	3913		3947	3973	3982		3944
10:15:11PM	DOW	33772	33545	33482		33703	33893	33949		33656	‘cess
10:17:16PM	NASDAQ	11631	11462	11376		11585	11674	11715		11567	‘cess
10:19:12PM	JAPAN	27744	27401	27261		27611	27762	27873		27653

 

 

8/12/2022 FTSE Closed at 7472 points. Change of -0.23%. Total value traded through LSE was: £ 5,146,170,093 a change of -10.96%

7/12/2022 FTSE Closed at 7489 points. Change of -0.43%. Total value traded through LSE was: £ 5,779,316,344 a change of 0.25%

6/12/2022 FTSE Closed at 7521 points. Change of -0.61%. Total value traded through LSE was: £ 5,764,980,013 a change of 13.53%

5/12/2022 FTSE Closed at 7567 points. Change of 0.15%. Total value traded through LSE was: £ 5,078,150,606 a change of 13.07%

2/12/2022 FTSE Closed at 7556 points. Change of -0.03%. Total value traded through LSE was: £ 4,491,031,065 a change of -9.42%

1/12/2022 FTSE Closed at 7558 points. Change of -0.2%. Total value traded through LSE was: £ 4,958,235,310 a change of -42.03%

30/11/2022 FTSE Closed at 7573 points. Change of 0.81%. Total value traded through LSE was: £ 8,552,950,993 a change of 45.26%

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:ASC Asos** **LSE:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:BBY BALFOUR BEATTY** **LSE:BT.A British Telecom** **LSE:CPI Capita** **LSE:EZJ EasyJet** **LSE:VOD Vodafone** **

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Updated charts published on : Asos, Avacta, Astrazeneca, BALFOUR BEATTY, British Telecom, Capita, EasyJet, Vodafone,

LSE:ASC Asos Close Mid-Price: 576.5 Percentage Change: -5.10% Day High: 610.5 Day Low: 575

If Asos experiences continued weakness below 575, it will invariably lead ……..

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LSE:AVCT Avacta. Close Mid-Price: 107 Percentage Change: + 2.39% Day High: 107.5 Day Low: 101

If Avacta experiences continued weakness below 101, it will invariably lea ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 11316 Percentage Change: + 0.52% Day High: 11366 Day Low: 11206

Above just 11366 should now prove significant, triggering a visit to an in ……..

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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 337 Percentage Change: + 1.63% Day High: 347.6 Day Low: 337

All BALFOUR BEATTY needs are mid-price trades ABOVE 348 to improve acceler ……..

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LSE:BT.A British Telecom Close Mid-Price: 112.55 Percentage Change: -3.72% Day High: 116.05 Day Low: 112.3

In the event British Telecom experiences weakness below 112, it calculates ……..

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LSE:CPI Capita Close Mid-Price: 22.64 Percentage Change: -1.99% Day High: 23.2 Day Low: 22.5

Continued weakness against CPI taking the price below 22 calculates as lea ……..

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LSE:EZJ EasyJet Close Mid-Price: 375.9 Percentage Change: -0.90% Day High: 379.8 Day Low: 365

If EasyJet experiences continued weakness below 365, it will invariably le ……..

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LSE:VOD Vodafone Close Mid-Price: 85.93 Percentage Change: -1.97% Day High: 87.55 Day Low: 84.96

Continued weakness against VOD taking the price below 84 calculates as lea ……..

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

#Gold #WallSt

We reviewed Genedrive exactly a year ago (link here) and it’s fascinating to see how our share price scenario unfolded. The saying; “sometimes life comes at you fast” rarely proved as apt as with their share price, the day following our logic giving 81p as a target witnessing the price exactly hit the 81p level, yet failed to exceed it. Instead, it closed the session at 70p.

Unfortunately, what happened next was to prove important.

On December 21st, their share price then, somehow, discovered a reason to close below 41p with what happened next being a tragedy. Make no mistake, from a Big Picture perspective, our calculations remain showing a ridiculous attraction from an impossible 14p. Perhaps anything below 8p shall discover a bounce point at 6p but we’re not exactly oozing confidence.

From a near term perspective, there’s a suggestion of movement above 10.6p as apparently capable of triggering slight recovery to 12p. Such a gain, obviously useless to the plethora of folk trapped since last year. But glancing at the chart, such a movement would return the share price above the Red uptrend which dates from the start of 2020. A crucial side effect of such a phenomena is normally a return of confidence from the market, creating a situation where immediate gains can outperform logic.

In the scenario of the share price closing a session at or above 12p, we anticipate future recovery to an initial 17.7 with secondary, if bettered, at 22p. Hopefully this proves worth watching as the company appear to be providing an attractive range of medical aids.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:38:35PM	BRENT	77.65									Success
9:40:41PM	GOLD	1787.33	1768	1759	1749	1776	1791	1793	1797	1781	‘cess
9:44:19PM	FTSE	7496.44
9:46:20PM	STOX50	3931
9:48:00PM	GERMANY	14282
9:50:47PM	US500	3931.92
9:54:36PM	DOW	33589	33418	33315	33111	33694	33777	33814	33946	33492
9:57:10PM	NASDAQ	11487.1									‘cess
9:59:42PM	JAPAN	27574									‘cess

 

7/12/2022 FTSE Closed at 7489 points. Change of -0.43%. Total value traded through LSE was: £ 5,779,316,344 a change of 0.25%

6/12/2022 FTSE Closed at 7521 points. Change of -0.61%. Total value traded through LSE was: £ 5,764,980,013 a change of 13.53%

5/12/2022 FTSE Closed at 7567 points. Change of 0.15%. Total value traded through LSE was: £ 5,078,150,606 a change of 13.07%

2/12/2022 FTSE Closed at 7556 points. Change of -0.03%. Total value traded through LSE was: £ 4,491,031,065 a change of -9.42%

1/12/2022 FTSE Closed at 7558 points. Change of -0.2%. Total value traded through LSE was: £ 4,958,235,310 a change of -42.03%

30/11/2022 FTSE Closed at 7573 points. Change of 0.81%. Total value traded through LSE was: £ 8,552,950,993 a change of 45.26%

29/11/2022 FTSE Closed at 7512 points. Change of 0.51%. Total value traded through LSE was: £ 5,887,947,739 a change of 42.84%

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:EMG MAN** **LSE:HIK Hikma** **LSE:IGAS Igas Energy** **LSE:SCLP Scancell** **LSE:VOD Vodafone** **

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Updated charts published on : MAN, Hikma, Igas Energy, Scancell, Vodafone,

LSE:EMG MAN Close Mid-Price: 209.6 Percentage Change: -0.85% Day High: 212.8 Day Low: 208

This is on the edge of dodgy as now below 200 indicates the potential of r ……..

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LSE:HIK Hikma. Close Mid-Price: 1539 Percentage Change: + 1.38% Day High: 1560 Day Low: 1513

In the event of Hikma enjoying further trades beyond 1560, the share shou ……..

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LSE:IGAS Igas Energy Close Mid-Price: 16.45 Percentage Change: -1.50% Day High: 17 Day Low: 16

If Igas Energy experiences continued weakness below 16, it will invariabl ……..

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LSE:SCLP Scancell Close Mid-Price: 26.75 Percentage Change: -0.93% Day High: 29.5 Day Low: 26.75

Target met. Further movement against Scancell ABOVE 29.5 should improve a ……..

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LSE:VOD Vodafone Close Mid-Price: 87.66 Percentage Change: -1.80% Day High: 92.33 Day Low: 86.36

Target met. Continued weakness against VOD taking the price below 86.36 c ……..

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

#FTSE #Nasdaq

We’d a couple of interesting “reader requests” today and one immediately caught our eye. Ardmore Shipping. Surely Ardmore must enjoy local roots from Scotland, a local peninsula in Argyll giving terrible views of nothing really. Neither Greenock nor a partially sunken ship justify ever visiting. Perhaps the excellent Ardmore Malt whisky provided the inspiration but visiting their distillery on a wet day is an experience to avoid. And it’s often very wet, windy, and bleak in the Cairngorms.

Thankfully with no visible link to Scotland, Ardmore Shipping commenced 12 years ago, creating a new shipping company carrying chemicals and other products via their own fleet of tankers. Anyone who enjoys looking at pictures of tankers is advised to visit the corporate website. They appear proud of their fleet, described as the most modern in the industry. Their share price appears to justify some confidence as it’s currently trading at an all time high, requiring very little effort to once again climb higher.

We’ve calculates $16.50 as a viable trigger level to hopefully produce further share price gains. Above this level looks capable of promoting gains toward an initial 17.75 with our longer term secondary, should such a tame ambition be exceeded, working out at 22.75 dollars. Perhaps this shall prove worth keeping an eye on, their share price needing below $11 to promote a panic.

Harbour Energy (LSE:HBR) We’d glanced at this back in September and every appears to be going wrong with their share price. Visually, it’s easy to believe the price is experiencing a “double bottom” as visually, the current trip to the 300p level visually matches the lows from July earlier this year.

Alas, there’s a tiny little problem insofar as while this is indeed the case, their share price has broken below the Red uptrend which dates back to 2020. As the share price has not closed a session below 298.5p yet, the final nail has not been hammered but we’d advocate caution, despite them being proclaimed as the largest London Listed independent oil & gas company.

The immediate situation, their share price trading at 309 at time of writing, calculates with a threat of movement below 298 bringing a visit down to 243 with secondary, if broken, a probable bottom just above the 200p level.

 

If any miracle recovery is planned, the share price needs exceed 354p to apparently trigger movement to an initial 391p with secondary, if bettered, a longer term 460p.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:03:43PM	BRENT	79.8									Success
10:06:35PM	GOLD	1771.7
10:09:12PM	FTSE	7554.51	7500	7478	7460	7536	7557	7569	7592	7534	‘cess
10:11:31PM	STOX50	3940									‘cess
10:13:59PM	GERMANY	14302									‘cess
10:16:22PM	US500	3942.27									‘cess
10:19:02PM	DOW	33602.8									‘cess
10:21:40PM	NASDAQ	11553.1	11480	11421	11324	11565	11642	11698	11769	11558	Success
10:23:47PM	JAPAN	27648

 

6/12/2022 FTSE Closed at 7521 points. Change of -0.61%. Total value traded through LSE was: £ 5,764,980,013 a change of 13.53%

5/12/2022 FTSE Closed at 7567 points. Change of 0.15%. Total value traded through LSE was: £ 5,078,150,606 a change of 13.07%

2/12/2022 FTSE Closed at 7556 points. Change of -0.03%. Total value traded through LSE was: £ 4,491,031,065 a change of -9.42%

1/12/2022 FTSE Closed at 7558 points. Change of -0.2%. Total value traded through LSE was: £ 4,958,235,310 a change of -42.03%

30/11/2022 FTSE Closed at 7573 points. Change of 0.81%. Total value traded through LSE was: £ 8,552,950,993 a change of 45.26%

29/11/2022 FTSE Closed at 7512 points. Change of 0.51%. Total value traded through LSE was: £ 5,887,947,739 a change of 42.84%

28/11/2022 FTSE Closed at 7474 points. Change of -0.16%. Total value traded through LSE was: £ 4,121,947,461 a change of -6.58%

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:AZN Astrazeneca** **LSE:FOXT Foxtons** **LSE:OXIG Oxford Instruments** **LSE:POLY Polymetal** **LSE:RR. Rolls Royce** **LSE:SCLP Scancell** **LSE:VOD Vodafone** **

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Updated charts published on : Aviva, Astrazeneca, Foxtons, Oxford Instruments, Polymetal, Rolls Royce, Scancell, Vodafone,

LSE:AV. Aviva. Close Mid-Price: 444.2 Percentage Change: + 0.18% Day High: 446.9 Day Low: 441.4

Moves now above 467 look capable of provoking a lift to 484 next with seco ……..

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LSE:AZN Astrazeneca Close Mid-Price: 11150 Percentage Change: -0.98% Day High: 11268 Day Low: 11160

Above just 11352 should now prove significant, triggering a visit to an in ……..

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LSE:FOXT Foxtons Close Mid-Price: 30.85 Percentage Change: -0.64% Day High: 31.4 Day Low: 30.75

Now below 30p looks capable of inducing reversal to an initial 28 with sec ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 2150 Percentage Change: -4.02% Day High: 2275 Day Low: 2140

All Oxford Instruments needs are mid-price trades ABOVE 2275 to improve a ……..

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LSE:POLY Polymetal Close Mid-Price: 238 Percentage Change: -3.04% Day High: 248 Day Low: 230

Price improvement above 265 now looks capable of providing a lift to an in ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 93.49 Percentage Change: + 3.20% Day High: 94.45 Day Low: 91.22

Further movement against Rolls Royce ABOVE 94.45 should improve accelerat ……..

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LSE:SCLP Scancell. Close Mid-Price: 27 Percentage Change: + 15.38% Day High: 27 Day Low: 23.25

Target met. In the event of Scancell enjoying further trades beyond 27, t ……..

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LSE:VOD Vodafone Close Mid-Price: 89.27 Percentage Change: -1.92% Day High: 91.11 Day Low: 88.56

Weakness on Vodafone below 88.56 will invariably lead to 87 with secondar ……..

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

#Gold #SP500

Discussing the history of the Pound / Dollar relationship often feels like it’s about to drift into BBC Radio2 Ken Bruce territory, the much respected “One Year Out” rejoinder in his Popmaster morning quiz. An easy starter for 10 question; “when were things as bad for GBPUSD as they are now?” A glance at the chart gives an answer of sorts.

Except, the obvious answer is wrong!

Back in 1985, GBPUSD managed to close a session at 1.0444 whereas this years crash managed to “only” close at 1.0725. Thus, despite an intraday brush with parity, the September crash cannot be regarded as poorly as 1985’s shambles, instead perhaps indicating some real strength is about to make introductions by providing a strong bounce. To be fair, this possibility is about as close to a sure thing as the markets get!

Above 1.2345 should next trigger price recovery to 1.2851 with secondary, if beaten, at 1.3307.

This secondary makes a lot of sense, colliding with a Big Picture downtrend which dates back to 2007. As a result, some hesitation is anticipated at this secondary target level. For the longer term, it becomes crucial for the pairing to actually CLOSE a session above this Blue downtrend as this calculates as entering a cycle to some truly surprise ambitions with 1.6322 looking probable eventually. But for now, we suspect 1.3307 shall prove a viable ambition. Hopefully politicians refrain from spoiled the scenario.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:30:12PM	BRENT	83.16									Shambles
9:32:17PM	GOLD	1766.95	1765	1758	1741	1779	1781	1786	1793	1771
9:37:56PM	FTSE	7558.2									‘cess
9:39:19PM	STOX50	3953.4
9:41:38PM	GERMANY	14445.66									Success
9:43:38PM	US500	4002.12	3983	3952	3902	4013	4070	4097	4135	4039	‘cess
9:46:01PM	DOW	33971.2									‘cess
9:47:58PM	NASDAQ	11798									Success
9:50:32PM	JAPAN	27669									Shambles

 

5/12/2022 FTSE Closed at 7567 points. Change of 0.15%. Total value traded through LSE was: £ 5,078,150,606 a change of 13.07%

2/12/2022 FTSE Closed at 7556 points. Change of -0.03%. Total value traded through LSE was: £ 4,491,031,065 a change of -9.42%

1/12/2022 FTSE Closed at 7558 points. Change of -0.2%. Total value traded through LSE was: £ 4,958,235,310 a change of -42.03%

30/11/2022 FTSE Closed at 7573 points. Change of 0.81%. Total value traded through LSE was: £ 8,552,950,993 a change of 45.26%

29/11/2022 FTSE Closed at 7512 points. Change of 0.51%. Total value traded through LSE was: £ 5,887,947,739 a change of 42.84%

28/11/2022 FTSE Closed at 7474 points. Change of -0.16%. Total value traded through LSE was: £ 4,121,947,461 a change of -6.58%

25/11/2022 FTSE Closed at 7486 points. Change of 0.27%. Total value traded through LSE was: £ 4,412,047,721 a change of 36.26%

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:CEY Centamin** **LSE:FRES Fresnillo** **LSE:GLEN Glencore Xstra** **LSE:IGAS Igas Energy** **LSE:OXIG Oxford Instruments** **LSE:TERN Tern Plc** **

********

Updated charts published on : Centamin, Fresnillo, Glencore Xstra, Igas Energy, Oxford Instruments, Tern Plc,

LSE:CEY Centamin Close Mid-Price: 107.8 Percentage Change: -0.46% Day High: 110.2 Day Low: 107.45

Continued trades against CEY with a mid-price ABOVE 110.2 should improve ……..

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LSE:FRES Fresnillo. Close Mid-Price: 897 Percentage Change: + 0.16% Day High: 934.8 Day Low: 897.6

Target met. In the event of Fresnillo enjoying further trades beyond 934. ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 561.6 Percentage Change: + 0.59% Day High: 571.8 Day Low: 561.2

Further movement against Glencore Xstra ABOVE 571.8 should improve accele ……..

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LSE:IGAS Igas Energy Close Mid-Price: 17.2 Percentage Change: -7.53% Day High: 18.3 Day Low: 16.55

Weakness on Igas Energy below 16.55 will invariably lead to 15p with seco ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2240 Percentage Change: + 1.82% Day High: 2260 Day Low: 2210

Target met. In the event of Oxford Instruments enjoying further trades be ……..

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LSE:TERN Tern Plc. Close Mid-Price: 12 Percentage Change: + 10.09% Day High: 12.25 Day Low: 11

Continued trades against TERN with a mid-price ABOVE 12.25 should improve ……..

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

#Brent #Dax

We’ve been staring hard into the tea leaves, trying to figure out just what Lloyds – and the wider retail banking sector – are playing at. Recent weeks have seen Lloyds once again achieve our initial target level, yet the share price continues to move with levels of lethargy which would impress a local council department.

Our argument suggested above 44p as leading to 46.2p, an ambition which was successfully achieved over 5 sessions. In the period since, the share price has been flopping around like a goldfish exploring dry land for the first time. However, when we review price movements since the pandemic crash of 2020, there’s something significant worth paying attention to. Essentially, intraday movements appear unreliable as successful harbingers of things to come. Instead, it appears the market relies on the point where Lloyds actually closes a session to provide serious clues as to the share price’s plans.

For instance, currently we’re showing the potential of a visit to 47.75 intraday but, if we instead regard taking cognisance of closing prices as important, in reality we should be hoping for Lloyds to discover an excuse to CLOSE a session above Blue on the chart. At time of writing, the value of Blue is at 47.136p and closure above this point is liable be quite symbolic.

We’re maybe being a little long winded but, by closing above the immediate Blue downtrend, a cycle toward a future initial 54.25p looks possible. Our longer term secondary, if exceeded, works out at a visually pleasing 59.5p and matches the highs at the start of 2020, prior to the world catching Covid fever.

If everything intends go Liz Truss shaped, Lloyds currently requires to CLOSE a session below 44.5p as a reversal cycle to an initial 39p looks possible with secondary, if broken, hopefully at a trampoline bottom by 35.4p.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
8:50:18PM	BRENT	86.01	85.18	84.71	83.16	87.12	87.95	88.875	90.12	86.32
8:51:39PM	GOLD	1797.78								1793
9:08:00PM	FTSE	7552.65								7546
9:17:51PM	STOX50	3982								3967
9:19:38PM	GERMANY	14548.72	14468	14455	14418	14538	14586	14639	14731	14512
9:21:11PM	US500	4067								4060
9:23:32PM	DOW	34407.7								34234
9:25:25PM	NASDAQ	11972.3								11960
9:27:03PM	JAPAN	27696								27665

 

2/12/2022 FTSE Closed at 7556 points. Change of -0.03%. Total value traded through LSE was: £ 4,491,031,065 a change of -9.42%

1/12/2022 FTSE Closed at 7558 points. Change of -0.2%. Total value traded through LSE was: £ 4,958,235,310 a change of -42.03%

30/11/2022 FTSE Closed at 7573 points. Change of 0.81%. Total value traded through LSE was: £ 8,552,950,993 a change of 45.26%

29/11/2022 FTSE Closed at 7512 points. Change of 0.51%. Total value traded through LSE was: £ 5,887,947,739 a change of 42.84%

28/11/2022 FTSE Closed at 7474 points. Change of -0.16%. Total value traded through LSE was: £ 4,121,947,461 a change of -6.58%

25/11/2022 FTSE Closed at 7486 points. Change of 0.27%. Total value traded through LSE was: £ 4,412,047,721 a change of 36.26%

24/11/2022 FTSE Closed at 7466 points. Change of 0.01%. Total value traded through LSE was: £ 3,237,992,179 a change of -28.67%

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:CEY Centamin** **LSE:EXPN Experian** **LSE:IGAS Igas Energy** **LSE:ITRK Intertek** **LSE:TERN Tern Plc** **

********

Updated charts published on : Centamin, Experian, Igas Energy, Intertek, Tern Plc,

LSE:CEY Centamin Close Mid-Price: 108.3 Percentage Change: -0.18% Day High: 109.45 Day Low: 106.6

All Centamin needs are mid-price trades ABOVE 109.45 to improve accelerat ……..

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LSE:EXPN Experian. Close Mid-Price: 2967 Percentage Change: + 0.44% Day High: 3006 Day Low: 2935

Continued trades against EXPN with a mid-price ABOVE 3006 should improve ……..

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LSE:IGAS Igas Energy Close Mid-Price: 18.6 Percentage Change: -7.92% Day High: 20 Day Low: 18.1

Target met. Continued weakness against IGAS taking the price below 18 cal ……..

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LSE:ITRK Intertek. Close Mid-Price: 4130 Percentage Change: + 0.90% Day High: 4180 Day Low: 4070

In the event of Intertek enjoying further trades beyond 4180, the share s ……..

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LSE:TERN Tern Plc. Close Mid-Price: 10.9 Percentage Change: + 3.81% Day High: 11.5 Day Low: 10.75

All Tern Plc needs are mid-price trades ABOVE 11.5 to improve acceleratio ……..

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