#Gold #Bitcoin It’s not often a guy can give his wife a present she wasn’t expecting, hadn’t even dreamed of, proves her wrong, and it completely makes her day. Some years, I buy her a bunch of age specific funny cards, all of which add up to her birthday. This years group attracted scorn as they added up to a year below the birthday she thought she was celebrating. Arithmetic clearly isn’t her strong point! These days, it also feels like something strange is happening with share and commodity prices. While Bitcoin currently is embracing an interesting level of lunacy in one direction, BP appears to be shuffling into position to try something in quite the opposite direction by recently producing an unusual set of chart movements.
To deal with Bitcoin first, while the crypto price has not yet troubled the immediate uptrend, we suspect the worst is coming, due to a series of “lower lows”. The situation now suggests weakness below 58,414 risks promoting reversals down to an initial 55,127 with our secondary, if broken, coming in at 49,603 dollars. Visually, there’s a reasonable expectation of rebound at – or slightly above – this level, due to the 50,000 level displaying some sort of floor level (circled) during February of this year. It’s amazing how many times this sort of historical hesitation proves significant with regard price movements, if only by allowing extremely tight stops in case it all goes wrong.

BP Plc, on the other hand, are exhibiting quite a different charty potential. Their share price broke the uptrend since 2020 and has now marginally regained the trend. This is often quite an encouraging signal, often hinting any preceding drop was “fake” and providing hope for the future. The initial level of trend-break was at 471p and with the share price now closing a session at 474p along with climbing through Red, it’s certainly time to rush out and buy some Lucky White Heather! The visuals from the chart extract also carry another implication, one being should the market opt to “Gap” BP’s share price up anytime now, it shall create a situation where a Long position becomes almost mandatory.
The immediate situation suggests movement above just 476 has the potential of triggering a lift to an initial 484 with our secondary, if bettered, a longer term 503p. Share price closure at this secondary level shall be important for the longer term, perhaps being the trigger for happy times ahead.
Our converse scenario demands the share price drop below 457 as this kicks open the doors for a slump to an initial 420 with secondary, if broken, at 380p. Currently there is nothing suggesting this game plan risks becoming reality.

FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:42:09PM | BRENT | 8521 | |||||||||
| 10:45:22PM | GOLD | 2334.24 | 2321 | 2315 | 2297 | 2333 | 2336 | 2338 | 2345 | 2327 | ‘cess |
| 10:48:08PM | FTSE | 8286.9 | ‘cess | ||||||||
| 10:55:18PM | STOX50 | 4928.7 | |||||||||
| 10:58:35PM | GERMANY | 18215.2 | ‘cess | ||||||||
| 11:05:43PM | US500 | 5448.1 | 5443 | 5426 | 5396 | 5468 | 5512 | 5610 | 5726 | 5443 | ‘cess |
| 11:16:44PM | DOW | 39433 | |||||||||
| 11:20:03PM | NASDAQ | 19492.4 | ‘cess | ||||||||
| 11:22:59PM | JAPAN | 38746 | Success |
24/06/2024 FTSE Closed at 8281 points. Change of 0.53%. Total value traded through LSE was: £ 5,274,668,036 a change of -64.96%
23/06/2024 FTSE Closed at 8237 points. Change of -0.42%. Total value traded through LSE was: £ 15,052,828,026 a change of 169.21%
20/06/2024 FTSE Closed at 8272 points. Change of 0.82%. Total value traded through LSE was: £ 5,591,583,637 a change of 26.19%
19/06/2024 FTSE Closed at 8205 points. Change of 0.17%. Total value traded through LSE was: £ 4,431,021,762 a change of -14.42%
18/06/2024 FTSE Closed at 8191 points. Change of 0.6%. Total value traded through LSE was: £ 5,177,578,584 a change of -3.32%
17/06/2024 FTSE Closed at 8142 points. Change of -0.05%. Total value traded through LSE was: £ 5,355,562,392 a change of 9.34%
14/06/2024 FTSE Closed at 8146 points. Change of -0.21%. Total value traded through LSE was: £ 4,897,995,674 a change of -10.04% 
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:BT.A British Telecom** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:ITM ITM Power** **LSE:ITV ITV** **LSE:VOD Vodafone** **
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Updated charts published on : British Telecom, IG Group, Intercontinental Hotels Group, ITM Power, ITV, Vodafone,
LSE:BT.A British Telecom. Close Mid-Price: 145.05 Percentage Change: + 2.44% Day High: 145.35 Day Low: 142.05
Continued trades against BT.A with a mid-price ABOVE 145.35 should improv ……..
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View Previous British Telecom & Big Picture ***
LSE:IGG IG Group. Close Mid-Price: 829 Percentage Change: + 2.60% Day High: 829.5 Day Low: 805
Target met. All IG Group needs are mid-price trades ABOVE 829.5 to improv ……..
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View Previous IG Group & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 8338 Percentage Change: + 0.87% Day High: 8440 Day Low: 8260
Further movement against Intercontinental Hotels Group ABOVE 8440 should ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:ITM ITM Power. Close Mid-Price: 48.76 Percentage Change: + 3.48% Day High: 49.5 Day Low: 46.42
Continued weakness against ITM taking the price below 46.42 calculates as ……..
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View Previous ITM Power & Big Picture ***
LSE:ITV ITV. Close Mid-Price: 82.2 Percentage Change: + 2.37% Day High: 82.85 Day Low: 79.4
Further movement against ITV ABOVE 82.85 should improve acceleration towa ……..
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View Previous ITV & Big Picture ***
LSE:VOD Vodafone. Close Mid-Price: 72.3 Percentage Change: + 0.95% Day High: 72.62 Day Low: 71.4
All Vodafone needs are mid-price trades ABOVE 72.62 to improve accelerati ……..
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View Previous Vodafone & Big Picture ***





