Author: T&T Staff

#Brent #Germany  It certainly promises to be a colourful Wimbledon this year, thanks in part to Barclays sponsorship. With the banks branches being variously coloured-in with Red paint from the Palestinian protestors and Orange by the Just Stop Oil brigade, perhaps the bank needs judged to have offended Ireland, thus giving the excuse for a Green coating. Perhaps we should review the B&Q share price soon as all this paint is clearly coming from somewhere?

 

The banks share price had been looking like it was limbering up to become useful, even closing marginally above our 217p level trigger price. Unfortunately, the intrusion of a UK General Election effectively kyboshed any immediate hope, the share being consigned to a parking orbit until such time we know the party colour of those spending the next few years feeding at the Westminster trough. We still suspect the share price shall enter a recovery phase but there are obviously severe risks, if the party currently speculated to achieve a “landslide” victory take their place in Government. In Scotland, this sort of victory for the nationalist party has proven pyrrhic as the government was suddenly populated with people who would have struggled to win a seat as a local councillor. Unfortunately, once this occurred, the country experienced some truly stupid behaviour from elected representatives who were focussed on promoting their own versions of “good ideas” with abandonment of common sense.

At present, it still looks like share price closure above 217p shall prove significant, kicking off a cycle to an initial 236p with our secondary, if bettered, at 251p and almost certain hesitation. But overall, the potential of a visit to a longer term 290p makes a lot of visual sense.

 

Our converse scenario, should things opt to go wrong or protestors suddenly discover “magnolia” is cheap paint, below 197p risks triggering reversals down to an initial 189p with our secondary, if broken, calculating at 177p and a visual potential for a bounce.

 

---

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
9:04:08PM	BRENT	8485	8463	8435	8374	8512	8528	8543	8573	8470
9:09:31PM	GOLD	2326.13								2330
9:11:28PM	FTSE	8178.5								8197
9:14:19PM	STOX50	4901								4909
9:17:25PM	GERMANY	18246	18192	18175	18114	18254	18300	18315	18356	18238
9:30:02PM	US500	5471.7								5487
9:32:33PM	DOW	39168.5								39204
10:53:51PM	NASDAQ	19719								19855
10:56:36PM	JAPAN	39815								39715

 

28/06/2024 FTSE Closed at 8164 points. Change of -0.18%. Total value traded through LSE was: £ 5,173,992,876 a change of 2.7%

27/06/2024 FTSE Closed at 8179 points. Change of -0.56%. Total value traded through LSE was: £ 5,037,946,434 a change of -10.36%

26/06/2024 FTSE Closed at 8225 points. Change of -0.27%. Total value traded through LSE was: £ 5,620,185,904 a change of 8.13%

25/06/2024 FTSE Closed at 8247 points. Change of -0.41%. Total value traded through LSE was: £ 5,197,523,885 a change of -1.46%

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%

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:AVCT Avacta** **LSE:BME B & M** **LSE:CASP Caspian** **LSE:CCL Carnival** **LSE:DGE Diageo** **LSE:IAG British Airways** **LSE:ITM ITM Power** **LSE:JET Just Eat** **LSE:TERN Tern Plc** **

********

Updated charts published on : Avacta, B & M, Caspian, Carnival, Diageo, British Airways, ITM Power, Just Eat, Tern Plc,

---

LSE:AVCT Avacta. Close Mid-Price: 55.5 Percentage Change: + 6.73% Day High: 56.25 Day Low: 52.25

Target met. All Avacta needs are mid-price trades ABOVE 56.25 to improve ……..

Subscribe for more

</p

View Previous Avacta & Big Picture ***

---

LSE:BME B & M Close Mid-Price: 437.2 Percentage Change: -1.75% Day High: 449 Day Low: 437.8

Target met. Continued weakness against BME taking the price below 437.8 c ……..

Subscribe for more

</p

View Previous B & M & Big Picture ***

---

LSE:CASP Caspian Close Mid-Price: 3.25 Percentage Change: -1.52% Day High: 3.3 Day Low: 3.05

In the event Caspian experiences weakness below 3.05 it calculates with a ……..

Subscribe for more

</p

View Previous Caspian & Big Picture ***

---

LSE:CCL Carnival. Close Mid-Price: 1357 Percentage Change: + 2.42% Day High: 1367.5 Day Low: 1338

Target met. Further movement against Carnival ABOVE 1367.5 should improve ……..

Subscribe for more

</p

View Previous Carnival & Big Picture ***

---

LSE:DGE Diageo Close Mid-Price: 2489.5 Percentage Change: -0.42% Day High: 2521.5 Day Low: 2484

Weakness on Diageo below 2484 will invariably lead to 2435p with secondar ……..

Subscribe for more

</p

View Previous Diageo & Big Picture ***

---

LSE:IAG British Airways. Close Mid-Price: 162.25 Percentage Change: + 0.84% Day High: 163.55 Day Low: 159.9

Continued weakness against IAG taking the price below 159.9 calculates as ……..

Subscribe for more

</p

View Previous British Airways & Big Picture ***

---

LSE:ITM ITM Power Close Mid-Price: 46.4 Percentage Change: -1.61% Day High: 48 Day Low: 46

If ITM Power experiences continued weakness below 46, it will invariably ……..

Subscribe for more

</p

View Previous ITM Power & Big Picture ***

---

LSE:JET Just Eat Close Mid-Price: 955 Percentage Change: -1.75% Day High: 975 Day Low: 948

Target met. Continued weakness against JET taking the price below 948 cal ……..

Subscribe for more

</p

View Previous Just Eat & Big Picture ***

---

LSE:TERN Tern Plc Close Mid-Price: 1.95 Percentage Change: -7.14% Day High: 2.1 Day Low: 1.95

Target met. If Tern Plc experiences continued weakness below 1.95, it wil ……..

Subscribe for more

</p

View Previous Tern Plc & Big Picture ***

---

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

#FTSE #Gold  It has been a crazy week but not with the FTSE. As usual, our gripe is about the Scottish weather and the fact our heating is on tonight. Worse, judging by the rainfall levels, it sounds like the usual August monsoon in Argyll may have arrived early. It was certainly a surprise, doing a dog walk wearing a winter wax cotton jacket, waterproof boots, and gloves. But it was also amusing, bumping into tourists who’d clearly packed for summer. Often, our summer months are May & June, then everything becomes as random as politicians utterances.

As for the FTSE, we’ve had a suspicion the UK market was going to be “parked” until the horror of an election is over, perhaps between 8200 points and 8400 points. Recent movements tend suggest this may no longer be the case and even Taylor Swift is being lined up to take the blame. The story goes, the Bank of England are not convinced inflation shall fall by the required level, thus allowing them to justify keeping the country crippled by high interest rates. The logic follows a theory price gouging of “Swifties” by hotels and stores across various cities on her sell out “Eras” tour will provoke an artificial inflationary rise, due to the trades maximising on the spending power of her fan base. Maybe they’ve even got a point as we briefly contemplated buying our grand-daughters tickets for the Edinburgh event, deciding a swift nope was justified.

 

While we remain comfortable with a belief the UK index shall be restrained in a holding pattern, it starts to feel like between 8100 and 8300 shall become the bandwidth, rather than our proposed slightly higher figures. The immediate situation is fairly interesting, suggesting weakness below 8178 points risks triggering reversal to a useless 8166 next with secondary, if broken, down at 8120 points along with a possible bounce. Should this prove to be the case, anyone attempting to catch a bounce can probably emplace a stop loss at just 8098 points, due to our 3rd level drop target working out at a blank space of 8072 points, an ambition which fails to make any visual sense..

Conversely, this “silly season” Taylor Swift story may just be another aspect of the efforts of her tremendously effective PR machine, doing everything they can to ensure their principals name remains in the news on a daily basis. Should this be the case, above just 8240 has the potential of kicking off movement to an initial 8288 points with our secondary, if bettered, working out at a less likely 8320 points, less likely because the index shall be seen to shake it off our suspected trading trap until the election. But above 8320 will hint the market intends a love story with our 3rd level of 8367 points and some hesitation.

 

Due to running out of titles of Taylor Swift tunes to weave into the report, that’s it! Have a good weekend and hopefully this Grand Prix proves as good as last weekends was.

 

 

---

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:49:41PM	BRENT	8530.9	8467	8444		8540	8556	8624		8466
9:52:05PM	GOLD	2327	2294	2281		2305	2332	2335		2323	‘cess
9:58:27PM	FTSE	8186.4	8168	8158		8200	8240	8252		8209	‘cess
10:01:32PM	STOX50	4909.2	4896	4881		4911	4935	4946		4913	Shambles
10:34:38PM	GERMANY	18239	18141	18090		18217	18267	18288		18193	‘cess
10:37:25PM	US500	5486.5	5463	5458		5478	5491	5497		5478
10:40:38PM	DOW	39135.5	38913	38821		39084	39254	39294		39139
10:43:02PM	NASDAQ	19809.3	19617	19527		19685	19859	19904		19733
10:45:36PM	JAPAN	39571	39191	38999		39353	39667	39707		39473

 

27/06/2024 FTSE Closed at 8179 points. Change of -0.56%. Total value traded through LSE was: £ 5,037,946,434 a change of -10.36%

26/06/2024 FTSE Closed at 8225 points. Change of -0.27%. Total value traded through LSE was: £ 5,620,185,904 a change of 8.13%

25/06/2024 FTSE Closed at 8247 points. Change of -0.41%. Total value traded through LSE was: £ 5,197,523,885 a change of -1.46%

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%

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:AVCT Avacta** **LSE:BME B & M** **LSE:CCL Carnival** **LSE:DGE Diageo** **LSE:IAG British Airways** **LSE:JET Just Eat** **LSE:OCDO Ocado Plc** **LSE:OPG OPG Power Ventures** **

********

Updated charts published on : Avacta, B & M, Carnival, Diageo, British Airways, Just Eat, Ocado Plc, OPG Power Ventures,

---

LSE:AVCT Avacta. Close Mid-Price: 52 Percentage Change: + 15.56% Day High: 52.5 Day Low: 44.7

Target met. In the event of Avacta enjoying further trades beyond 52.5, t ……..

Subscribe for more

</p

View Previous Avacta & Big Picture ***

---

LSE:BME B & M Close Mid-Price: 445 Percentage Change: -1.70% Day High: 448 Day Low: 441.6

Target met. Weakness on B & M below 441.6 will invariably lead to 439p wi ……..

Subscribe for more

</p

View Previous B & M & Big Picture ***

---

LSE:CCL Carnival. Close Mid-Price: 1325 Percentage Change: + 0.95% Day High: 1340 Day Low: 1302.5

Continued trades against CCL with a mid-price ABOVE 1340 should improve t ……..

Subscribe for more

</p

View Previous Carnival & Big Picture ***

---

LSE:DGE Diageo Close Mid-Price: 2500 Percentage Change: -2.08% Day High: 2557.5 Day Low: 2501

Target met. Continued weakness against DGE taking the price below 2501 ca ……..

Subscribe for more

</p

View Previous Diageo & Big Picture ***

---

LSE:IAG British Airways Close Mid-Price: 160.9 Percentage Change: -1.80% Day High: 165.55 Day Low: 161.1

If British Airways experiences continued weakness below 161.1, it will i ……..

Subscribe for more

</p

View Previous British Airways & Big Picture ***

---

LSE:JET Just Eat Close Mid-Price: 972 Percentage Change: -0.82% Day High: 982 Day Low: 963

Weakness on Just Eat below 963 will invariably lead to 956p next with sec ……..

Subscribe for more

</p

View Previous Just Eat & Big Picture ***

---

LSE:OCDO Ocado Plc. Close Mid-Price: 286.9 Percentage Change: + 2.10% Day High: 289.5 Day Low: 278.2

In the event Ocado Plc experiences weakness below 278.2 it calculates wit ……..

Subscribe for more

</p

View Previous Ocado Plc & Big Picture ***

---

LSE:OPG OPG Power Ventures. Close Mid-Price: 10.12 Percentage Change: + 1.25% Day High: 10.12 Day Low: 10

If OPG Power Ventures experiences continued weakness below 10, it will in ……..

Subscribe for more

</p

View Previous OPG Power Ventures & Big Picture ***

---

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

#Gold #Nasdaq  Something quite distressing seems to be taking place with cancers. As a child, there was a “bogeyman” number tossed around by the media which suggested 1 in 10 people could experience cancer. Through the years, this was modified to 1 in 5, then 1 in 3 and now 1 in 2 folk will get to enjoy the gentle hands of the treatment industry. A chum was visiting today and once we agreed neither of us would probably vote in the coming election, talk turned to how friends were doing. Cutting a long story short, it quickly started to feel like 1 in 2 may be a gross understatement, identifying friends who have not had a cancer scare becoming quite difficult! Perhaps it’s a West of Scotland thing but once you get over 50, it starts to feel like an invisible timer starts.

Thankfully, as someone whose timer went off 12 years ago, I’ve become fairly flippant about chemotherapy and also become increasingly impressed with how “relatively easy” it is to get through, when compared with my six months of hell back in 2012. For this reason, I’m always fascinated by frontline life sciences companies such as Avacta and their constant battle to produce something new, effective, and priced properly. Avacta touch upon this with the statement on their website; “Avacta seeks to create long-term shareholder value alongside patient benefit.“

The only problem with Avacta has been their dreadful share price history…

 

There’s a visual impression the recent visit to the 39p level shall maybe be regarded as a “double bottom”, matching the lows of 2022. There are early signs this may be the case, the share price recently breaking though the downtrend since October last year. The current situation suggests movements in the near term above 51.3 should trigger price recovery to 57.6p. If bettered, our longer term secondary is more interesting, calculating at 68.2p and giving the potential of the share price regaining the Red uptrend since 2020. Generally, this is a pretty reliable signal for better times ahead, so hopefully the company have some miracles waiting to be revealed.

While the share price is no long a falling knife, there’s still the unlikely risk of below 39p bringing a visit to 30p with secondary, if broken, at 15p.

 

---

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:27:12PM	BRENT	8448
10:30:49PM	GOLD	2297.92	2294	2292	2282	2304	2322	2330	2342	2311	‘cess
10:40:41PM	FTSE	8221.4									Shambles
10:44:20PM	STOX50	4912.6									Success
10:47:17PM	GERMANY	18140									Success
10:50:18PM	US500	5468.2
10:53:14PM	DOW	39081
10:57:17PM	NASDAQ	19690.8	19643	19604	19535	19766	19817	19888	20031	19679	Shambles
10:59:59PM	JAPAN	39439									‘cess

 

26/06/2024 FTSE Closed at 8225 points. Change of -0.27%. Total value traded through LSE was: £ 5,620,185,904 a change of 8.13%

25/06/2024 FTSE Closed at 8247 points. Change of -0.41%. Total value traded through LSE was: £ 5,197,523,885 a change of -1.46%

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%

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:AZN Astrazeneca** **LSE:BME B & M** **LSE:CCL Carnival** **LSE:JET Just Eat** **LSE:OCDO Ocado Plc** **

********

Updated charts published on : Astrazeneca, B & M, Carnival, Just Eat, Ocado Plc,

---

LSE:AZN Astrazeneca. Close Mid-Price: 12556 Percentage Change: + 0.05% Day High: 12704 Day Low: 12472

Further movement against Astrazeneca ABOVE 12704 should improve accelerat ……..

Subscribe for more

</p

View Previous Astrazeneca & Big Picture ***

---

LSE:BME B & M Close Mid-Price: 452.7 Percentage Change: -0.85% Day High: 463.5 Day Low: 451.6

If B & M experiences continued weakness below 451.6, it will invariably l ……..

Subscribe for more

</p

View Previous B & M & Big Picture ***

---

LSE:CCL Carnival. Close Mid-Price: 1312.5 Percentage Change: + 4.92% Day High: 1313.5 Day Low: 1223.5

Target met. All Carnival needs are mid-price trades ABOVE 1313.5 to impro ……..

Subscribe for more

</p

View Previous Carnival & Big Picture ***

---

LSE:JET Just Eat Close Mid-Price: 980 Percentage Change: -4.48% Day High: 1042 Day Low: 975

If Just Eat experiences continued weakness below 975, it will invariably ……..

Subscribe for more

</p

View Previous Just Eat & Big Picture ***

---

LSE:OCDO Ocado Plc Close Mid-Price: 281 Percentage Change: -3.24% Day High: 297.9 Day Low: 281.5

Weakness on Ocado Plc below 281.5 will invariably lead to 259p with secon ……..

Subscribe for more

</p

View Previous Ocado Plc & Big Picture ***

---

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

#FTSE #WallSt  There’s been quite a lot of gossip about a miracle new fuel for diesel engines, one which provides a substantial drop in emissions, increases power and efficiency, yet is compatible with modern diesel engines. Such is the change in behaviour, it’s liable to remove diesel engines from the “green” naughty step, especially as the fuel is renewable. It is called Hydrotreated Vegetable Oil (HVO), completely different from biodiesel as its produced from used oils, residues, and waste materials.

The political shambles which inflicted devices such as Particulate Filters in modern diesels shall be completely defused, due to the all round benefits of HVO. In May of this year, the rollout commenced in Germany with the product available nationwide at petrol stations. The company, Deutz AG who are behind this impetus are also fairly famous for their engines, having been in the business for an amazing 160 years, producing the first gas engine, hydrogen engines, and of course their famed diesel units.

We’ve obviously a bias in favour of diesels, recent events providing more information about Particulate Filters and the aim of planned obsolescence than we wanted to know. While our own issue has been resolved with a Toyota SUV, the fury when an initial dealer flippantly diagnosed the vehicle as an uneconomical repair still infuriates. It cost just under 300 quid to have the filter cleaned by an independent specialist.

 

Something seems to be happening with Deutz share price, needing only above 6.2€ to suggest it shall potentially trigger movements to an initial 6.8 euro with our longer term secondary, if bettered, calculating at a future 8.3€. We suspect almost certain hesitation at this point, given this is the level of a prior high.

We’d be alarmed if the share discovered an excuse to slump below 5.05€ as this risks triggering reversals to an initial 4.6 with our secondary, if broken, at a probable bottom of 4.1€.

Given the shares pace of movement over the years, this risks being a slow process, perhaps one with “Fire & Forget” potentials but certainly worth investigating.

 

---

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:50:19PM	BRENT	8413.9									‘cess
9:52:30PM	GOLD	2319.05
9:57:00PM	FTSE	8236.3	8220	8183	8139	8252	8271	8289	8312	8244	Success
9:59:32PM	STOX50	4943.6									Success
10:25:05PM	GERMANY	18189									Success
10:28:48PM	US500	5469.3
10:32:04PM	DOW	39091.5	38993	38825	38577	39169	39420	39552	39738	39309	‘cess
10:35:51PM	NASDAQ	19704.6
10:41:02PM	JAPAN	39331									‘cess

25/06/2024 FTSE Closed at 8247 points. Change of -0.41%. Total value traded through LSE was: £ 5,197,523,885 a change of -1.46%

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%

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:IGG IG Group** **LSE:OCDO Ocado Plc** **LSE:OPG OPG Power Ventures** **LSE:SCLP Scancell** **LSE:VOD Vodafone** **

********

Updated charts published on : IG Group, Ocado Plc, OPG Power Ventures, Scancell, Vodafone,

---

LSE:IGG IG Group Close Mid-Price: 822 Percentage Change: -0.84% Day High: 832.5 Day Low: 822.5

Continued trades against IGG with a mid-price ABOVE 832.5 should improve ……..

Subscribe for more

</p

View Previous IG Group & Big Picture ***

---

LSE:OCDO Ocado Plc Close Mid-Price: 290.4 Percentage Change: -7.07% Day High: 303.4 Day Low: 287.2

If Ocado Plc experiences continued weakness below 287.2, it will invariab ……..

Subscribe for more

</p

View Previous Ocado Plc & Big Picture ***

---

LSE:OPG OPG Power Ventures. Close Mid-Price: 10.25 Percentage Change: + 0.00% Day High: 10.38 Day Low: 10.05

Continued weakness against OPG taking the price below 10.05 calculates as ……..

Subscribe for more

</p

View Previous OPG Power Ventures & Big Picture ***

---

LSE:SCLP Scancell. Close Mid-Price: 11.12 Percentage Change: + 11.25% Day High: 11.12 Day Low: 9.88

Now above 11.2 suggests further recovery to an initial 13.5 with our secon ……..

Subscribe for more

</p

View Previous Scancell & Big Picture ***

---

LSE:VOD Vodafone Close Mid-Price: 70.66 Percentage Change: -2.27% Day High: 72.7 Day Low: 70.6

Continued trades against VOD with a mid-price ABOVE 72.7 should improve t ……..

Subscribe for more

</p

View Previous Vodafone & Big Picture ***

---

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

#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** **

********

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 ……..

Subscribe for more

</p

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 ……..

Subscribe for more

</p

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 ……..

Subscribe for more

</p

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 ……..

Subscribe for more

</p

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 ……..

Subscribe for more

</p

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 ……..

Subscribe for more

</p

View Previous Vodafone & Big Picture ***

---

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

#Brent #Dax When we ran an analysis on Lloyds three weeks ago, the share price was 55.52p and now, as we enter the downhill slope to the end of the year, it’s impressing everyone at 55.56p. This growth of 4/100ths of a penny hasn’t really impressed anyone but tends enforce our feeling the financial sector is being “parked” until such time the pending UK election finally completes the agony.

One curious event which has occurred seems to be the arithmetic we associate with GapUp GapDown movements has changed. We’d given criteria indicating potential reversals to an initial 53p but instead, the lowest the share achieved was 53.3p, causing us to revisit our criteria in case something had changed. This certainly seems to be the case, making us wonder if the market simply uses this strategy to slow share price movements, when a share price is actually in an uptrend. It creates a situation where explaining our expectations will prove difficult, next time we see this sort of thing.

 

On the bright side, our little tractor has had the necessary welding carried out of the cutting deck to ensure grass is correctly mulched. It has been a case of patiently waiting until such time the rear lawn has finally absorbed all the hay from my failed experiment creating a “grass exhaust”. Thankfully, a grand-daughter managed to provide a suitable excuse to avoid cutting the wilderness and also spend three hours which included listening to the Grand Prix. This particular 11 year old enjoys target shooting, choosing to bring some customer targets she’d made. While I prepared the shooting stand, she dangled some tin cans from trees 75 yards away at the top of the garden, also stapling conventional bull’s-eye targets onto tree trunks. Mercifully, we (okay, me) could hear the coverage of the Formula 1 race from Spain, making it easy to supervise what was supposed to be a shooting competition.

However, it transpired the girl only intended compete with herself, using the next 3+ hours to refine her skill while taking an astounding 290 shots, while my supervisory presence was barely required, aside from fetching more ammunition when required. With Formula1 returning to a less boring format, the race proved quite enjoyable even though it was mainly an audio event though, three leader changes in the first three laps, was the equivalent of feeding the presenters raw Duracell bunnies.

 

While we suspect it shall be best to find something else to do until after the General Election in a couple of weeks as Lloyds still looks like it has potential to move. From a Big Picture perspective, it already is trading in a zone where a longer term 65.75 has become a viable ambition but even near term, above 56.1p should now promote movement toward an initial 58 with secondary, if bettered, at 59.5p.

If things intend go pear shaped, below 52p risks pushing reversal to 49.5p.

 

 

---

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
11:33:21PM	BRENT	8427.1	8400	8385	8357	8449	8539	8799	9171	8390
11:36:55PM	GOLD	2320.19
11:39:31PM	FTSE	8236.1
11:41:30PM	STOX50	19745.1
11:45:04PM	GERMANY	18199.6	18010	17954	17852	18156	18265	18346	18478	18115
11:57:59PM	US500	5470.5
12:01:48AM	DOW	39164.5
12:04:21AM	NASDAQ	19740
12:06:37AM	JAPAN	38471

 

21/06/2024 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%

13/06/2024 FTSE Closed at 8163 points. Change of -0.63%. Total value traded through LSE was: £ 5,444,343,185 a change of -29.92%

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:AVCT Avacta** **LSE:GKP Gulf Keystone** **LSE:ITM ITM Power** **LSE:RR. Rolls Royce** **LSE:TERN Tern Plc** **

********

Updated charts published on : Avacta, ITM Power, Rolls Royce, Tern Plc,

---

LSE:AVCT Avacta. Close Mid-Price: 47.5 Percentage Change: + 3.83% Day High: 48.5 Day Low: 45.5

Further movement against Avacta ABOVE 48.5 should improve acceleration to ……..

Subscribe for more

</p

View Previous Avacta & Big Picture ***

---

LSE:GKP Gulf Keystone. Close Mid-Price: 150.9 Percentage Change: + 6.42% Day High: 155.6 Day Low: 145.1

Target met. All Gulf Keystone needs are mid-price trades ABOVE 155.6 to i ……..

Subscribe for more

</p

View Previous Gulf Keystone & Big Picture ***

---

LSE:ITM ITM Power Close Mid-Price: 47.12 Percentage Change: -2.44% Day High: 49.44 Day Low: 47

In the event ITM Power experiences weakness below 47 it calculates with a ……..

Subscribe for more

</p

View Previous ITM Power & Big Picture ***

---

LSE:RR. Rolls Royce Close Mid-Price: 473.2 Percentage Change: -2.53% Day High: 488.3 Day Low: 468.1

All Rolls Royce needs are mid-price trades ABOVE 488.3 to improve acceler ……..

Subscribe for more

</p

View Previous Rolls Royce & Big Picture ***

---

LSE:TERN Tern Plc Close Mid-Price: 2.1 Percentage Change: -4.55% Day High: 2.2 Day Low: 2.1

Weakness on Tern Plc below 2.1 will invariably lead to 1.9p with secondar ……..

Subscribe for more

</p

View Previous Tern Plc & Big Picture ***

---

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

#FTSE #GOLD  Following the fun and games at the recent entertaining Canadian Grand Prix, this weekends Spanish event shows similar signs of providing a decent show. The reason is the weather as it looks like rain shall be expected on Sunday, always the secret weapon to alleviate utter boredom! We can hope so anyway, especially as qualifying is expected to be dry.

The FTSE is showing some early signs of enthusiasm for Friday, moving through the downtrend which has marked the misery since the start of May. Hopefully the prospect of a reasonable race jolly’s things along on Friday, despite markets in Europe allegedly being rattled by the prospect of an early French general election. Thus far, we’ve failed to catch any real taste of election collywobbles from the FTSE, a situation which hopefully continues since the market remains trading in a zone where a long term 8600 remains a viable hope. The real strength of upward movement on the FTSE through Thursday perhaps was giving a clue as to expectations, when the BoE starts cutting interest rates in August, according to some reports.

 

Near term, FTSE movement above 8276 points has the potential to trigger near term movement to an initial 8317 points with our secondary, if beaten, at a useful 8360 points. If triggered, the tightest stop can reside around a very reasonable 8240 points. The visuals imply the 8317 level should assume some importance as closure above such a point dumps the index into a long term cycle toward an impressive 8628, a level at which we anticipate some turbulence. It will also be worth remembering the market may experience a temptation in the next couple of weeks to “park” the market roughly between 8200 and 8400 until the election is decided.

Our converse scenario, if things decide to go pear shaped, advises below 8203 risking triggering reversal to an initial tame 8189 with our secondary, if broken, at 8124 points and a possible bounce.

 

Have a good weekend. Pity we are encroaching on the longest day, when it’s only a matter of time before some ‘wit’ tells how many shopping days until Xmas. It has been a fast year.

 

 

---

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:32:41PM	BRENT	8511.4	8437	8411		8488	8541	8626		8472
10:37:10PM	GOLD	2359.57	2332	2324		2347	2367	2381		2347	Success
10:41:32PM	FTSE	8277.6	8200	8176		8244	8288	8345		8247	Success
10:48:02PM	STOX50	4941	4880	4863		4917	4953	4984		4915	‘cess
10:51:40PM	GERMANY	18239	18118	18062		18192	18264	18317		18203	Success
10:55:48PM	US500	5473.8	5455	5448		5487	5500	5519		5480	‘cess
10:59:53PM	DOW	39114	38880	38738		39015	39240	39355		39077	Success
11:04:39PM	NASDAQ	19778	19680	19594		19800	19951	20061		19837	Success
11:07:52PM	JAPAN	38632	38267	38103		38529	38803	38903		38570	Success

 

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%

13/06/2024 FTSE Closed at 8163 points. Change of -0.63%. Total value traded through LSE was: £ 5,444,343,185 a change of -29.92%

12/06/2024 FTSE Closed at 8215 points. Change of 0.83%. Total value traded through LSE was: £ 7,768,504,488 a change of -2.17%

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:HL. Hargreaves Lansdown** **LSE:OCDO Ocado Plc** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:TERN Tern Plc** **

********

Updated charts published on : British Telecom, Hargreaves Lansdown, Ocado Plc, Rolls Royce, Sainsbury, Tern Plc,

---

LSE:BT.A British Telecom. Close Mid-Price: 142.55 Percentage Change: + 0.92% Day High: 144.2 Day Low: 141.55

In the event of British Telecom enjoying further trades beyond 144.2, the ……..

Subscribe for more

</p

View Previous British Telecom & Big Picture ***

---

LSE:HL. Hargreaves Lansdown Close Mid-Price: 1134 Percentage Change: -1.65% Day High: 1169 Day Low: 1127.5

In the event of Hargreaves Lansdown enjoying further trades beyond 1169, ……..

Subscribe for more

</p

View Previous Hargreaves Lansdown & Big Picture ***

---

LSE:OCDO Ocado Plc Close Mid-Price: 310 Percentage Change: -12.06% Day High: 358.1 Day Low: 289

Target met. Continued weakness against OCDO taking the price below 289p c ……..

Subscribe for more

</p

View Previous Ocado Plc & Big Picture ***

---

LSE:RR. Rolls Royce. Close Mid-Price: 485.5 Percentage Change: + 2.75% Day High: 487.4 Day Low: 475.9

Target met. In the event of Rolls Royce enjoying further trades beyond 48 ……..

Subscribe for more

</p

View Previous Rolls Royce & Big Picture ***

---

LSE:SBRY Sainsbury. Close Mid-Price: 265 Percentage Change: + 2.08% Day High: 266 Day Low: 260.6

All Sainsbury needs are mid-price trades ABOVE 266 to improve acceleratio ……..

Subscribe for more

</p

View Previous Sainsbury & Big Picture ***

---

LSE:TERN Tern Plc Close Mid-Price: 2.2 Percentage Change: -2.22% Day High: 2.25 Day Low: 2.2

In the event Tern Plc experiences weakness below 2.2 it calculates with a ……..

Subscribe for more

</p

View Previous Tern Plc & Big Picture ***

---

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