#Brent #WallSt Our previous review of Natwest appears to have proven rather prescient, Mr Trump indeed becoming President Elect of the USA and Natwest indeed reaching our initial and secondary targets, the bank even managing to fail to close a session above 394p with the bank retreating under its rock to dwell in the realms of incredulity. The big deal comes from the fact a victory for Mr Trump is supposed to signal a release of the chains dragging the retail banking sector to a standstill.
Glancing at the USA banking sector, optimism certainly appears to be the order of the day but, almost inevitably, the UK isn’t quite as positive as the USA or even Europe. Don’t get us wrong, Europe isn’t exactly ecstatic but doesn’t feel like an unexploded bomb either. Bitcoin, also lauded as a potential leap into the future should Mr Trump win the election, is unsurprisingly making headlines, managing above $80k on several sessions, creating a situation where we can suspect above 81,940 can next attempt a visit to somewhere just above $86k as a new high. Should such a level be achieved, we’ve quite a strong reason to suspect some hesitation as our Big Picture secondary is absurd at $125k in the longer term. Even by Bitcoin standards, this is a massive expectation, making us suspect the $86k level shall be used to define a new trend for the fake currency.
Of course, it is always the case to anticipate the worst from the UK, companies literally trying to trade in a country where the government actively legislates against them at every opportunity. The recent increase to the tax on employees is certainly causing some screams in the Financial press and from a private observation (wife works with a US corporate) there are already “good ideas” being floated on how to encourage full-time employees to leave, the aim being to replace each full-timer with 2 or 3 part timers. It is one of these ideas so daft I’d love to report it but unfortunately, the company could easily identify their creative new concept on how to make full time staff utterly fed up. The scary thing, the concept floated across from their offices in New York, giving an impression events in the UK do not go un-noticed and to be fair, it’s a brilliant method to make it impossible to use any type of employment law.
As for Natwest Group, we’re a little alarmed at the speed of reversals from our 394p target. It is now the case where below 369 risks promoting reversals to an initial 351p with our secondary, if broken, a very probable rebound bottom down at 328p.
However, we are supposed to be drooling over the future potentials for the bank and now, it need only exceed 397p to encourage recovery to 452p next with our secondary, if beaten, at an amazing longer term 540p. To achieve such a secondary, we suspect the UK shall require a proper government in control. Obviously, the jury is out, due to a distressing lack of candidates from any party – in our opinion.
FUTURES
Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
2:24:10AM | BRENT | 7394.9 | 7034 | 6565 | 6045 | 7546 | 7807 | 7883 | 8166 | 7531 |
3:02:13AM | GOLD | 2684.01 | 2687 | |||||||
10:46:26PM | FTSE | 8086.8 | 8091 | |||||||
10:50:09PM | STOX50 | 4812.8 | 4848 | |||||||
10:53:26PM | GERMANY | 19240.9 | 19297 | |||||||
10:55:41PM | US500 | 5996.6 | 5982 | |||||||
10:58:05PM | DOW | 43994.6 | 43639 | 43491 | 43267 | 43830 | 44163 | 44577 | 44997 | 43934 |
11:40:35PM | NASDAQ | 21115.6 | 21060 | |||||||
11:42:51PM | JAPAN | 39334 | 39244 |
8/11/2024 FTSE Closed at 8072 points. Change of -0.84%. Total value traded through LSE was: £ 5,499,106,289 a change of -11.31%
7/11/2024 FTSE Closed at 8140 points. Change of -0.32%. Total value traded through LSE was: £ 6,200,390,802 a change of -20.9%
6/11/2024 FTSE Closed at 8166 points. Change of -0.07%. Total value traded through LSE was: £ 7,838,528,249 a change of 73.08%
5/11/2024 FTSE Closed at 8172 points. Change of -0.15%. Total value traded through LSE was: £ 4,528,854,324 a change of 6.29%
4/11/2024 FTSE Closed at 8184 points. Change of 0.09%. Total value traded through LSE was: £ 4,260,964,543 a change of -16.92%
1/11/2024 FTSE Closed at 8177 points. Change of 0.83%. Total value traded through LSE was: £ 5,128,610,563 a change of -23.79%
31/10/2024 FTSE Closed at 8110 points. Change of -0.6%. Total value traded through LSE was: £ 6,729,759,967 a change of 2.02% 
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:CASP Caspian** **LSE:EZJ EasyJet** **LSE:FOXT Foxtons** **LSE:IAG British Airways** **LSE:IHG Intercontinental Hotels Group** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:TW. Taylor Wimpey** **
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Updated charts published on : Caspian, EasyJet, Foxtons, British Airways, Intercontinental Hotels Group, ITV, Lloyds Grp., Scottish Mortgage Investment Trust, Taylor Wimpey,
LSE:CASP Caspian Close Mid-Price: 3 Percentage Change: -9.09% Day High: 3.3 Day Low: 2.7
If Caspian experiences continued weakness below 2.7, it will invariably l ……..
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View Previous Caspian & Big Picture ***
LSE:EZJ EasyJet. Close Mid-Price: 541.4 Percentage Change: + 0.86% Day High: 555.2 Day Low: 539.2
In the event of EasyJet enjoying further trades beyond 555.2, the share s ……..
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View Previous EasyJet & Big Picture ***
LSE:FOXT Foxtons Close Mid-Price: 54.6 Percentage Change: -3.53% Day High: 56.2 Day Low: 54.8
Target met. Continued weakness against FOXT taking the price below 54.8 c ……..
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View Previous Foxtons & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 234.5 Percentage Change: + 7.18% Day High: 236.1 Day Low: 229.7
Target met. Further movement against British Airways ABOVE 236.1 should ……..
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View Previous British Airways & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 9258 Percentage Change: + 2.78% Day High: 9270 Day Low: 9072
Target met. Further movement against Intercontinental Hotels Group ABOVE ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:ITV ITV. Close Mid-Price: 63 Percentage Change: + 0.08% Day High: 63.3 Day Low: 61.3
Target met. Weakness on ITV below 61.3 will invariably lead to 56p with s ……..
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View Previous ITV & Big Picture ***
LSE:LLOY Lloyds Grp. Close Mid-Price: 53.08 Percentage Change: -2.68% Day High: 54.64 Day Low: 52.7
Continued weakness against LLOY taking the price below 52.7 calculates as ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:SMT Scottish Mortgage Investment Trust Close Mid-Price: 905.6 Percentage Change: -0.57% Day High: 916.2 Day Low: 898.8
All Scottish Mortgage Investment Trust needs are mid-price trades ABOVE 9 ……..
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View Previous Scottish Mortgage Investment Trust & Big Picture ***
LSE:TW. Taylor Wimpey Close Mid-Price: 137.55 Percentage Change: -1.68% Day High: 139.8 Day Low: 137.25
Weakness on Taylor Wimpey below 137.25 will invariably lead to 122p with ……..
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View Previous Taylor Wimpey & Big Picture ***