Author: T&T Staff

#Brent #Dax

Okay, this feature is a bit weird, essentially questioning just why we sometimes do something. A personal delve into the depths of ridiculous came with an unfortunately successful attempt to build a rock tumbler from the remnants of a microwave. For some reason, the idea of rotating a bunch of rocks until they were smooth and interesting seemed like a good thing.

It wasn’t.

The problem comes when you’ve tumbled a bunch of rocks, discovering in the process your grandchildren have zero interest in collecting the results. Instead, they are liable to be more interested in a feather  on the beach. What to do with all the rocks? A simple question in an official “Rock Tumbling” internet forum produced some answers. Among the folk gleefully grinding down rocks, none actually knew what to do with the end product. One person cunningly planted them around the hospital in which he worked, noticing they all vanished within days. Another would leave some while walking his dog, again noticing they quickly vanished. A further person, in a fit of cruelty, gifted them to work colleagues as apparently they make great additions to plant pots. One hoarder even admitted to behaving like a WW2 prison camp inmate trying to conceal tunnel diggings, discretely dropping polished stones among driveway pebbles.

I could discuss the image below but there’s little point. It’s a snapshot of a pile of my tumbled stones, glued together. One of the quartz pieces does have a gold flake embedded!

There is a point behind this tale. Often, folk dive into the markets without a clear idea of what they actually want.

The easy answer is trite, they just want to make money! But the actual answer is more complex, one which few folk satisfactorily reach. Do they want to make money from a single trade? Or do they intend a regular source of income?

This, unfortunately, is the rabbit hole the majority of private investors fall down, as answering YES to both questions kicks open the gates of hell. A single trade will switch to become “a long term hold” when it bites back. And long term holds will sometimes become a quick source of profit, due to panic from money tied up in so called quick trades. Similar to my rock monster above, it’s always a good idea to have a clear aim when doing something or the results can be messy. It’s also the case “a clear aim” can go very wrong, thanks to many folk believing the markets would recover from the 2009 financial crash within just 7 years. Many of ’em are still waiting.

 

Natwest Group continues to provide a perfect example of a share failing to recover from “the crash”, now trading at 250.9p (25p in real money, once consolidation is factored in). We’re supposed to be ecstatically gushing about the future, the share price finally scrabbling above the downtrend since 2015. However, we’re a little muted in our hoped, due to the share price failing to achieve our initial fairly near term “breakout target” at 268p. Instead, the best achieved was just 264p before the price scared itself with its temerity and fell back a little.

The problem now comes, if the share price opts to close a session below 247p, the level of breakout. Such a movement would now effectively cancel some fairly positive ambitions for the longer term as we can mention – for now – the share is trading in a region with a Big Picture ambition at an initial 336p with secondary, if beaten, a longer term 420p. It’s all very jolly but we’re worried, due to the lack of strength to even reach our 268p ambition. It’s not a case which merits immediate panic, just a horrible feeling of déjà vu as once again, a retail bank lives down to expectations.

Another fear, worthy of comment, deals with the reality of the price being “gapped” up above the Blue downtrend. We need ask, what to expect if it’s now gapped down below 247p?

Initially, reversal to 232p looks possible with secondary, if broken, at 222p. But there’s also the very severe risk of the two Gap movements conspiring together, eventually discovering a bottom around 196p.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
9:54:13PM	BRENT	102.93	97.14	96.51	94.18	102.3	103.5	104.38	108.8	97
9:57:32PM	GOLD	1738.03								1733
9:59:52PM	FTSE	7400.31								7372
10:08:15PM	STOX50	3580								3560
10:15:56PM	GERMANY	12921	12703	12658	12562	12814	12948	12994	13091	12867
10:17:41PM	US500	4034								4033
10:20:02PM	DOW	32142								32084
10:22:18PM	NASDAQ	12492								12438
10:24:22PM	JAPAN	28038								27987

26/08/2022 FTSE Closed at 7427 points. Change of -0.7%. Total value traded through LSE was: £ 4,349,079,886 a change of 12.01%

25/08/2022 FTSE Closed at 7479 points. Change of 0.11%. Total value traded through LSE was: £ 3,882,636,574 a change of -18.23%

24/08/2022 FTSE Closed at 7471 points. Change of -0.23%. Total value traded through LSE was: £ 4,748,027,124 a change of -4.63%

23/08/2022 FTSE Closed at 7488 points. Change of -0.6%. Total value traded through LSE was: £ 4,978,434,617 a change of 0.1%

22/08/2022 FTSE Closed at 7533 points. Change of -0.23%. Total value traded through LSE was: £ 4,973,471,266 a change of -16.58%

19/08/2022 FTSE Closed at 7550 points. Change of 0.12%. Total value traded through LSE was: £ 5,961,629,196 a change of 29.52%

18/08/2022 FTSE Closed at 7541 points. Change of 0.35%. Total value traded through LSE was: £ 4,602,765,684 a change of 0.38%

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:AVCT Avacta** **LSE:BT.A British Telecom** **LSE:ECO ECO (Atlantic) O & G** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:IGAS Igas Energy** **LSE:ITRK Intertek** **LSE:MKS Marks and Spencer** **

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Updated charts published on : Aston Martin, Asos, Avacta, British Telecom, ECO (Atlantic) O & G, Glencore Xstra, Hikma, Igas Energy, Intertek, Marks and Spencer,

LSE:AML Aston Martin Close Mid-Price: 428.6 Percentage Change: -1.27% Day High: 461.8 Day Low: 429.1

Weakness on Aston Martin below 429.1 will invariably lead to 407 next. If ……..

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LSE:ASC Asos Close Mid-Price: 697 Percentage Change: -3.53% Day High: 741.5 Day Low: 693.5

In the event Asos experiences weakness below 693.5 it calculates with a d ……..

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LSE:AVCT Avacta. Close Mid-Price: 137.2 Percentage Change: + 0.00% Day High: 141 Day Low: 134.5

Target met. In the event of Avacta enjoying further trades beyond 141, th ……..

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LSE:BT.A British Telecom Close Mid-Price: 151.45 Percentage Change: -0.82% Day High: 153.55 Day Low: 151.25

Target met. Continued weakness against BT.A taking the price below 151.25 ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 35.25 Percentage Change: + 10.16% Day High: 35.25 Day Low: 32

Target met. Further movement against ECO (Atlantic) O & G ABOVE 35.25 sho ……..

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LSE:GLEN Glencore Xstra Close Mid-Price: 498.9 Percentage Change: -1.21% Day High: 512 Day Low: 498.4

Continued trades against GLEN with a mid-price ABOVE 512 should improve t ……..

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LSE:HIK Hikma Close Mid-Price: 1336 Percentage Change: -1.33% Day High: 1381 Day Low: 1335

If Hikma experiences continued weakness below 1335, it will invariably le ……..

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LSE:IGAS Igas Energy. Close Mid-Price: 89 Percentage Change: + 7.23% Day High: 92 Day Low: 84.8

Target met. All Igas Energy needs are mid-price trades ABOVE 92 to improv ……..

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LSE:ITRK Intertek Close Mid-Price: 4021 Percentage Change: -2.36% Day High: 4129 Day Low: 4016

In the event Intertek experiences weakness below 4016 it calculates with ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 120.3 Percentage Change: -1.07% Day High: 124.65 Day Low: 119.2

Weakness on Marks and Spencer below 119.2 will invariably lead to 98 with ……..

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

#FTSE #GOLD

Once upon a time, a physics teacher was, almost disturbingly, fascinated in wave patterns. Literally, the guy was incapable of passing a puddle without dropping something in it, just to watch the patterns. The fall out from the 2011 Tsunami is still providing ripples around the word, the chart below being the latest example.

The issue, obviously, is what is referred to as the Fukushima nuclear disaster, currently attributed as being the cause of one radiation related death and with the possibility of several hundred more perhaps in the future. However, the media frenzy, along with plenty of nail biting commentary about the Japanese cooling systems proved sufficient to introduce an anti-nuclear terror with Germany opting to jump on the bandwagon fully, opting to close all their nuclear power plants. The Ukraine affair, along with a nice hot summer, is giving Germany some immediate problems, as Germany has been forced to return to coal-fired power plants, anticipated to kill 1,100 per year due to local air pollution. With the world looking down its nose when Germany opts to buy gas from Russia, the country is being backed into a corner. Unable to ship coal to power stations, due to low river levels, reportedly decommissioning more Wind Generators than it builds, and forced to buy electricity from anyone who will supply, the country is apparently facing a bleak winter. Along with the rest of Europe as it discovers just how Russia formed part of the supply chain.

Even in the years immediately following Fukushima, it was being said in Germany “We estimate the increase in mortality from higher electricity prices outnumbers the mortality from the accident itself” in a quote from a paper by the Deutsche Post Foundation. Somewhere, I’ve an old physics teacher, nodding his head, still talking about ripples.

 

When first noticing this chart, it was easy to assume some internet chatroom had run amok, successfully launching a “Pump & Dump” against an AIM share. Or perhaps Rolls Royce, when they get their nuclear reactors in shop windows!

However, it’s a chart of the price in Euro’s for a Megawatt hour of electricity, a truly unpleasant picture and about the only two slight sources of hope are those of common sense, along with a story about our local Heating Oil supplier.

To deal with the common sense stance, the immediate impression of a Pump & Dump lends some slight hope as generally, something which goes up this sharply will usually founder just as swiftly. Then there’s the story of our Heating Oil supplier.

The conversation went along the lines of;

“Please would you order oil? We’re really missing you and we’ve a tanker in your area this week”

“Go and get stuffed. It’s too expensive, so we’re burning wood this winter.”

“But we can offer Buy Now, Pay Monthly deals!”

“Go and get stuffed.”

“We can offer substantial discounts over existing market prices…”

“Yeah, right. You quoted 159p per litre last month, down to 109p this month. You need do a lot better.”

“How about 82p a litre if you order now. We’ve full storage tanks, tankers sitting unused, and drivers worrying about their jobs.”

Frantically checking current prices on the Internet discovered 99p a litre was as cheap as possible. It appeared the laws of Supply and Demand were kicking in, certainly in my own local part of the economic powerhouse which is the UK.

“Okay, you’ve got a deal,” thankful my huge pile of logs can remain unchopped for yet another weekend, grateful I shall be able to avoid battling the stove to get it lit first thing every morning, and frantically hoping Heating Oil prices don’t entirely crash, making me look a fool with a full tank. But as with motor fuel and foodstuffs, suppliers must be suspecting the dangers of pricing themselves out of the market, once their short term surplus cash advantage dimishes, and while electricity (which surely should be the subject of monopoly protection) is an essential, it’s easy to calculate the usage reduction if people opt to actually turn devices off, rather than leaving them on standby.

FTSE for FRIDAY

Now we’ve vented about fuel costs, we’re almost at the month end and due to be graced by the Belgian Grand Prix, usually a cascade of orange smoke, drunken fans and sometimes biblical rainfall. After an insane week for the FTSE, we’re intending embrace the holiday weekend and try to consign the markets absurd behaviour to August giving traders a final kicking.

Should we take the behaviour of the last 4 days to heart, it immediately appears market weakness below 7468 points should promote reversal to an initial tame 7448 points with our secondary, if broken, at 7417 points and a probable rebound. If triggered, the tightest stop looks like 7500 points though, to be fair, we’d prefer 7522 points. Expecting the UK market to follow the same logic for a 5th day is similar to anticipating a politician discovering integrity.

In the event the market exceeds 7522 points, we can calculate the potential of a lift to 7536 points initially with our secondary working out at 7576 points, almost allowing everyone to believe the last week was simply a bad dream.

Have a good weekend, enjoy the GP, and just think, no more holiday Mondays until the festive season.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:37:19PM	BRENT	98.98	93	89.85		97	101.88	104.3		98.4
9:39:26PM	GOLD	1757.93	1750	1745		1758	1765	1768		1756	‘cess
9:42:16PM	FTSE	7500.81	7465	7460		7497	7539	7547		7489	‘cess
10:16:42PM	STOX50	3696.1	3657	3640		3687	3703	3710		3675	‘cess
10:18:57PM	GERMANY	13330	13186	13127		13302	13375	13413		13222	‘cess
10:24:09PM	US500	4197.52	4145	4127		4185	4205	4222		4152	‘cess
10:26:32PM	DOW	33267	32887	32735		33145	33314	33410		33046	Success
10:29:41PM	NASDAQ	13137	12912	12844		13043	13150	13202		12987	Success
10:32:20PM	JAPAN	28665	28440	28340		28563	28691	28748		28527	‘cess

25/08/2022 FTSE Closed at 7479 points. Change of 0.11%. Total value traded through LSE was: £ 3,882,636,574 a change of -18.23%

24/08/2022 FTSE Closed at 7471 points. Change of -0.23%. Total value traded through LSE was: £ 4,748,027,124 a change of -4.63%

23/08/2022 FTSE Closed at 7488 points. Change of -0.6%. Total value traded through LSE was: £ 4,978,434,617 a change of 0.1%

22/08/2022 FTSE Closed at 7533 points. Change of -0.23%. Total value traded through LSE was: £ 4,973,471,266 a change of -16.58%

19/08/2022 FTSE Closed at 7550 points. Change of 0.12%. Total value traded through LSE was: £ 5,961,629,196 a change of 29.52%

18/08/2022 FTSE Closed at 7541 points. Change of 0.35%. Total value traded through LSE was: £ 4,602,765,684 a change of 0.38%

17/08/2022 FTSE Closed at 7515 points. Change of -0.28%. Total value traded through LSE was: £ 4,585,359,451 a change of 5.45%

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:BDEV Barrett Devs** **LSE:BP. BP PLC** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:MKS Marks and Spencer** **LSE:SCLP Scancell** **

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Updated charts published on : Asos, Avacta, Astrazeneca, Barrett Devs, BP PLC, Gulf Keystone, Glencore Xstra, Marks and Spencer, Scancell,

LSE:ASC Asos Close Mid-Price: 722.5 Percentage Change: -0.55% Day High: 741.5 Day Low: 711.5

Continued weakness against ASC taking the price below 711.5 calculates as ……..

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LSE:AVCT Avacta. Close Mid-Price: 137.2 Percentage Change: + 8.20% Day High: 136 Day Low: 124

Target met. Further movement against Avacta ABOVE 136 should improve acce ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 11422 Percentage Change: + 0.63% Day High: 11540 Day Low: 11370

In the event of Astrazeneca enjoying further trades beyond 11540, the sha ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 430.1 Percentage Change: -1.29% Day High: 441.1 Day Low: 425.2

Weakness on Barrett Devs below 425.2 will invariably lead to 418 with sec ……..

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LSE:BP. BP PLC. Close Mid-Price: 459.45 Percentage Change: + 1.44% Day High: 463.75 Day Low: 458.65

All BP PLC needs are mid-price trades ABOVE 463.75 to improve acceleratio ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 257.5 Percentage Change: + 2.79% Day High: 263 Day Low: 250.5

Continued trades against GKP with a mid-price ABOVE 263 should improve th ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 505 Percentage Change: + 1.47% Day High: 508.6 Day Low: 502.3

Further movement against Glencore Xstra ABOVE 508.6 should improve accele ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 121.6 Percentage Change: -4.44% Day High: 129.35 Day Low: 121.35

Continued weakness against MKS taking the price below 121.35 calculates a ……..

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LSE:SCLP Scancell Close Mid-Price: 11.5 Percentage Change: -2.13% Day High: 11.75 Day Low: 11.5

In the event Scancell experiences weakness below 11.5 it calculates with ……..

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

#DAX #SP500

Our previous review of Fevertree expressed a particular dislike, their use of glass bottles denying us the ability to use their mixers as targets. It’s a grand-children thing, but we also mentioned, in passing, any weakness below 2450p would be a bad thing, demanding we revisit all our target levels. Our report, in November, took just a further two months before Fevertree stepped on a metaphorical garden rake.

 

Presently trading around 951p, there have been two price movements which justify quite a lot of concern, along with a strong potential of making us exceedingly unpopular with those trying to convince themselves Fevertree will bounce, any day now. Firstly, the share price was manipulated (gapped) below the ruling downtrend in January this year. We can only suspect the purpose of this move was the market changing its mind on the future. Needless to say, this was the day our 2450p trigger was broken.

Secondly, of greater concern, is the movement on July 15th (circled), where once again the market made a firm decision the ruling uptrend was toast, the chart inset confirming this quite nastily as the share has not been permitted to regain Red. From our perspective, this is a bad thing, allowing us to examine quite a few troubling calculations as we attempt to divine just where the market intends go with Fevertree.

An important caveat, worth remembering, is our policy of avoiding giving stupid headline grabbing numbers against shares, either for price gains or price reductions. Unfortunately, Fevertree share price movements tend lend themselves to utterly hysterical potentials, thanks in part for the price breaking below the 2020 Pandemic Low. This is always a miserable thing. The immediate situation is dire, suggesting weakness next below 800p shall kick open the chance of a visit to 425p and perhaps a bounce.

We’ve a massive “however”, thanks to our secondary target, should 425p fail. A series of quite separate calculations produce the potential of an ultimate bottom at 77p eventually. If it were just one calculation, we’d be extremely cautious but in the case of Fevertree, currently 4 different scenario all point at an eventual visit to a ridiculous looking 77p.

It can sometimes be the case when the market doesn’t appreciate how dangerous some price movements have been and for Fevertree, all that’s needed is one of the market pixies to discover an excuse to manipulate (gap) the share price above 1117p and it’s game on, the share expected to exhibit surprise recovery.

 

Unfortunately, for now, the share price is as dangerous as whatever the UK PM is doing in Ukraine, every few weeks. Apparently he’s now visited the country more than Scotland which is just a bit weird.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:32:40PM	BRENT	101.08									‘cess
9:34:36PM	GOLD	1752
9:36:50PM	FTSE	7473.72									‘cess
9:38:33PM	STOX50	3664
9:41:47PM	GERMANY	13205	13080	13045	12735	13220	13299	13332	13416	13162
9:44:23PM	US500	4146	4116	4099	4074	4141	4159	4179	4204	4128
9:47:29PM	DOW	32978
9:49:29PM	NASDAQ	12934
9:51:12PM	JAPAN	28457

24/08/2022 FTSE Closed at 7471 points. Change of -0.23%. Total value traded through LSE was: £ 4,748,027,124 a change of -4.63%

23/08/2022 FTSE Closed at 7488 points. Change of -0.6%. Total value traded through LSE was: £ 4,978,434,617 a change of 0.1%

22/08/2022 FTSE Closed at 7533 points. Change of -0.23%. Total value traded through LSE was: £ 4,973,471,266 a change of -16.58%

19/08/2022 FTSE Closed at 7550 points. Change of 0.12%. Total value traded through LSE was: £ 5,961,629,196 a change of 29.52%

18/08/2022 FTSE Closed at 7541 points. Change of 0.35%. Total value traded through LSE was: £ 4,602,765,684 a change of 0.38%

17/08/2022 FTSE Closed at 7515 points. Change of -0.28%. Total value traded through LSE was: £ 4,585,359,451 a change of 5.45%

16/08/2022 FTSE Closed at 7536 points. Change of 0.36%. Total value traded through LSE was: £ 4,348,545,250 a change of 13.62%

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:BDEV Barrett Devs** **LSE:BT.A British Telecom** **LSE:CPI Capita** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:IAG British Airways** **LSE:MKS Marks and Spencer** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:SCLP Scancell** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **

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Updated charts published on : Asos, Avacta, Barrett Devs, British Telecom, Capita, Gulf Keystone, Glencore Xstra, Hikma, British Airways, Marks and Spencer, Rockhopper, Rolls Royce, Scancell, Scottish Mortgage Investment Trust, Taylor Wimpey, Vodafone,

LSE:ASC Asos Close Mid-Price: 726.5 Percentage Change: -1.42% Day High: 749.5 Day Low: 720.5

Weakness on Asos below 720.5 will invariably lead to 670 next with second ……..

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LSE:AVCT Avacta. Close Mid-Price: 126.8 Percentage Change: + 9.31% Day High: 126 Day Low: 116

Continued trades against AVCT with a mid-price ABOVE 126 should improve t ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 435.7 Percentage Change: -1.74% Day High: 444.8 Day Low: 433.5

Target met. If Barrett Devs experiences continued weakness below 433.5, i ……..

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LSE:BT.A British Telecom Close Mid-Price: 153.7 Percentage Change: -2.16% Day High: 157.05 Day Low: 153.25

In the event British Telecom experiences weakness below 153.25 it calcula ……..

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LSE:CPI Capita Close Mid-Price: 24.44 Percentage Change: -3.48% Day High: 25.5 Day Low: 24.5

If Capita experiences continued weakness below 24.5, it will invariably l ……..

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LSE:GKP Gulf Keystone Close Mid-Price: 250.5 Percentage Change: -0.60% Day High: 259 Day Low: 246.5

Target met. In the event of Gulf Keystone enjoying further trades beyond ……..

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LSE:GLEN Glencore Xstra Close Mid-Price: 497.7 Percentage Change: -1.64% Day High: 507.6 Day Low: 496.25

In the event of Glencore Xstra enjoying further trades beyond 507.6, the ……..

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LSE:HIK Hikma. Close Mid-Price: 1370.5 Percentage Change: + 0.40% Day High: 1372.5 Day Low: 1343

Continued weakness against HIK taking the price below 1343 calculates as ……..

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LSE:IAG British Airways. Close Mid-Price: 108.42 Percentage Change: + 1.40% Day High: 108.04 Day Low: 105.54

In the event British Airways experiences weakness below 105.54 it calcul ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 127.25 Percentage Change: -1.36% Day High: 129.7 Day Low: 125

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LSE:RKH Rockhopper. Close Mid-Price: 15 Percentage Change: + 78.15% Day High: 20 Day Low: 8.78

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LSE:RR. Rolls Royce. Close Mid-Price: 80.31 Percentage Change: + 0.22% Day High: 80.31 Day Low: 78.73

Weakness on Rolls Royce below 78.73 will invariably lead to 68 with secon ……..

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LSE:SCLP Scancell Close Mid-Price: 11.75 Percentage Change: -1.05% Day High: 11.88 Day Low: 11.75

Continued weakness against SCLP taking the price below 11.75 calculates a ……..

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LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 827.6 Percentage Change: + 2.25% Day High: 825.8 Day Low: 795.6

In the event Scottish Mortgage Investment Trust experiences weakness belo ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 110.95 Percentage Change: -1.90% Day High: 113.3 Day Low: 109.35

If Taylor Wimpey experiences continued weakness below 109.35, it will inv ……..

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LSE:VOD Vodafone Close Mid-Price: 116.28 Percentage Change: -0.94% Day High: 117.34 Day Low: 115.68

Weakness on Vodafone below 115.68 will invariably lead to 110 with second ……..

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

#FTSE #US500

Shopping channels are often the subject of deserved ridicule. But last night, when pressing “Back”  vigorously, my telly rejoined the world of ‘terrestrial TV’, ITV being the home of a shopping channel at 3am. My personal downfall was easy, one which even a cat would have fallen into. They were selling a box.

The box, doubled lined with fake crocodile skin, proved quite interesting. Designed entirely for women, they’d missed a trick as it could just as easily hold “stuff” rather than rings, bangles, necklaces, ear-rings or whatever glitters. For just £100, I could buy three of these boxes or just one for £30, an arithmetic hurdle the presenter ignored. But the large box looked useful, different trays capable of holding different fuses, varied resistors, a decent selection of capacitors, and don’t ever start me on where various nuts and bolts could be stored. It was the perfect box for electronic stuff in the shed. With late night inspiration, I took a photo of the screen, intending to show it to my wife as a “Xmas Present” hint, already excited at the idea of a new storage box and glad I will be able to duck a few months of subtle bullying for not giving clues as to a Xmas gift.

She snorted when she saw the snapshot. Apparently we’ve already got a couple in the attic, stuffed full of her mothers ancient costume jewellery. If I wanted one, just tip the contents into a supermarket “bag for life” and she’ll sort through the treasure trove of worthless shiny trinkets next time our grandchildren visit.

Obviously, this is absolutely nothing to do with the markets, other than to exhibit the feeling of deflation, when a sure thing turns out to be a noth thing! But in the case of IOG Plc, something quite odd happened with their share price a few weeks ago and it’s circled on the chart below.

 

We used to get deliriously excited about Gap Down / Gap Up movements, the so called Lady GaGa, as they invariably spelled out good times ahead. The act of manipulating a share price below a trend, then a few days later, manipulating it above the trend usually came pretty close to “sure thing” territory. This one is different, the share only enacting a “Ga” but still, has bounced pretty conclusively once it returned above the Blue downtrend. Things remain optimistic for IOG, the share price only needing exceed 40.5p to now trigger further recovery to an initial 44.3p with our secondary, if bettered, calculating at a future 53.6p and a new all time high.

Alas, our calculations are all based on what happens after GaGa as we’ve never run the numbers when a strangled “Ga” was the only clue to the future. Should we expect only 1/2 the movement strength?

Obviously, we shall be watching this fairly closely as it’s perhaps possible we need to work out a new set of rules!

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:16:04PM	BRENT	99.39									‘cess
9:20:16PM	GOLD	1747									Success
9:23:25PM	FTSE	7491	7464	7447	7404	7495	7531	7548	7576	7487	‘cess
9:26:37PM	STOX50	3649									‘cess
9:33:16PM	GERMANY	13153									‘cess
9:34:48PM	US500	4126.97	4115	4102	4083	4141	4158	4172	4191	4127
9:39:56PM	NASDAQ	32898									‘cess
9:42:42PM	JAPAN	28462									Shambles

23/08/2022 FTSE Closed at 7488 points. Change of -0.6%. Total value traded through LSE was: £ 4,978,434,617 a change of 0.1%

22/08/2022 FTSE Closed at 7533 points. Change of -0.23%. Total value traded through LSE was: £ 4,973,471,266 a change of -16.58%

19/08/2022 FTSE Closed at 7550 points. Change of 0.12%. Total value traded through LSE was: £ 5,961,629,196 a change of 29.52%

18/08/2022 FTSE Closed at 7541 points. Change of 0.35%. Total value traded through LSE was: £ 4,602,765,684 a change of 0.38%

17/08/2022 FTSE Closed at 7515 points. Change of -0.28%. Total value traded through LSE was: £ 4,585,359,451 a change of 5.45%

16/08/2022 FTSE Closed at 7536 points. Change of 0.36%. Total value traded through LSE was: £ 4,348,545,250 a change of 13.62%

15/08/2022 FTSE Closed at 7509 points. Change of 0.12%. Total value traded through LSE was: £ 3,827,179,402 a change of -9.76%

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:BP. BP PLC** **LSE:FGP Firstgroup** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:ODX Omega Diags** **LSE:QFI Quadrise** **LSE:SCLP Scancell** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:VOD Vodafone** **

********

Updated charts published on : Asos, BP PLC, Firstgroup, Gulf Keystone, Glencore Xstra, Hikma, Omega Diags, Quadrise, Scancell, Vodafone,

LSE:ASC Asos Close Mid-Price: 737 Percentage Change: -2.06% Day High: 762.5 Day Low: 731.5

If Asos experiences continued weakness below 731.5, it will invariably le ……..

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LSE:BP. BP PLC. Close Mid-Price: 459.4 Percentage Change: + 2.32% Day High: 459.85 Day Low: 445.95

In the event of BP PLC enjoying further trades beyond 459.85, the share s ……..

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LSE:FGP Firstgroup. Close Mid-Price: 109.9 Percentage Change: + 0.83% Day High: 110.9 Day Low: 105.3

Continued weakness against FGP taking the price below 105.3 calculates as ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 252 Percentage Change: + 6.11% Day High: 254 Day Low: 238

Further movement against Gulf Keystone ABOVE 254 should improve accelerat ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 506 Percentage Change: + 2.80% Day High: 504.7 Day Low: 491.45

All Glencore Xstra needs are mid-price trades ABOVE 504.7 to improve acce ……..

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LSE:HIK Hikma Close Mid-Price: 1365 Percentage Change: -2.12% Day High: 1401.5 Day Low: 1355.5

In the event Hikma experiences weakness below 1355.5 it calculates with a ……..

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LSE:ODX Omega Diags Close Mid-Price: 2.83 Percentage Change: -0.88% Day High: 2.85 Day Low: 2.7

If Omega Diags experiences continued weakness below 2.7, it will invariab ……..

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LSE:QFI Quadrise Close Mid-Price: 1.27 Percentage Change: -2.67% Day High: 1.31 Day Low: 1.25

If Quadrise experiences continued weakness below 1.25, it will invariably ……..

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LSE:SCLP Scancell Close Mid-Price: 11.88 Percentage Change: -3.06% Day High: 12.12 Day Low: 11.88

Weakness on Scancell below 11.88 will invariably lead to 9.5p. If broken, ……..

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LSE:SMT Scottish Mortgage Investment Trust Close Mid-Price: 809.4 Percentage Change: -1.63% Day High: 831.2 Day Low: 810.4

Continued weakness against SMT taking the price below 810.4 calculates as ……..

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LSE:VOD Vodafone Close Mid-Price: 117.38 Percentage Change: -2.09% Day High: 119.32 Day Low: 117.22

In the event Vodafone experiences weakness below 117.22 it calculates wit ……..

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

#Gold #DOW

When an email asked us to take a look at this organisation, we were surprised we’d never reviewed them before. This, obviously, demanded our usual visit to the company website, along with a surprise doze of common sense. The implicit suggestion, to avoid placing all your eggs in a specialist miner, makes a lot of sense. To quote them;

“The mining sector is benefiting from the world’s most compelling long-term trends from digital transformation, to the sustainability agenda, to gold and precious metals. Targeting income and capital growth, the Trust provides a diversified blend of companies designed to benefit from the changing global economy.”

and further down the page;

“Mining shares typically experience above average volatility when compared to other investments. Trends which occur within the general equity market may not be mirrored within mining securities”

It’d be true to admit we were delighted at the lack of “corporate buzzword driven gibberish” from the company website. Instead, the tone was basically; this is us, this is what we do, and there’s an inevitable caveat. The world markets and the value of investments can fall as well as rise. There are no guarantees!

 

Currently, their share price appears slightly becalmed in the torpor of August, presently trading around 597p and carefully avoiding exceeding the point of trend-break from June, where the share price trashed the Red uptrend and dropped a bit. It’s mildly interesting, the share price level when Red broke was 631p and in the months since, this level has been approached but not exceeded. From our perspective, this tends suggest the risk of reversal remains real and we shall be naive to assume a potential visit to an initial 462p with secondary, if broken, at 445p, should be ignored. Below 524p shall suggest this is inevitable but, getting real, we’d be quite nervous currently unless the price exceeds 631p. Such a movement would foul with our reversal calculations, especially as the share price is presently trading in a region where our “ultimate” drop potential of 261p works out as possible but visually, not very probable. We’ve noticed few shares are “testing” their Covid-19 drop levels and instead, the ones to spark fear are those where we start calculating lower!

 

For things to become interesting, BRWM needs confirm its intent by actually closing a session above 631p. Such a movement would force us to concede movement above 631p provides the potential of price recovery to an initial 673p with secondary, if exceeded, a more useful 717p.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:00:31PM	BRENT	96.21									‘cess
10:08:06PM	GOLD	1736.53	1727	1721	1700	1738	1740	1744	1749	1733	‘cess
10:11:19PM	FTSE	7526.48									Shambles
10:14:05PM	STOX50	3654									Success
10:17:39PM	GERMANY	13216									Success
10:27:54PM	US500	4145.77									Success
10:31:09PM	DOW	33120	33007	32779	32743	33214	33450	33478	33635	33253	Success
10:34:07PM	NASDAQ	12919									Success
10:37:03PM	JAPAN	28484									Success

22/08/2022 FTSE Closed at 7533 points. Change of -0.23%. Total value traded through LSE was: £ 4,973,471,266 a change of -16.58%

19/08/2022 FTSE Closed at 7550 points. Change of 0.12%. Total value traded through LSE was: £ 5,961,629,196 a change of 29.52%

18/08/2022 FTSE Closed at 7541 points. Change of 0.35%. Total value traded through LSE was: £ 4,602,765,684 a change of 0.38%

17/08/2022 FTSE Closed at 7515 points. Change of -0.28%. Total value traded through LSE was: £ 4,585,359,451 a change of 5.45%

16/08/2022 FTSE Closed at 7536 points. Change of 0.36%. Total value traded through LSE was: £ 4,348,545,250 a change of 13.62%

15/08/2022 FTSE Closed at 7509 points. Change of 0.12%. Total value traded through LSE was: £ 3,827,179,402 a change of -9.76%

12/08/2022 FTSE Closed at 7500 points. Change of 0.47%. Total value traded through LSE was: £ 4,240,976,226 a change of -17.45%

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:AZN Astrazeneca** **LSE:BP. BP PLC** **LSE:CPI Capita** **LSE:HIK Hikma** **LSE:IAG British Airways** **LSE:ITM ITM Power** **LSE:NG. National Glib** **LSE:ODX Omega Diags** **LSE:SMT Scottish Mortgage Investment Trust** **

********

Updated charts published on : Asos, Astrazeneca, BP PLC, Capita, Hikma, British Airways, ITM Power, National Glib, Omega Diags, Scottish Mortgage Investment Trust,

LSE:ASC Asos Close Mid-Price: 752.5 Percentage Change: -1.63% Day High: 807.5 Day Low: 751

Yup, still unhappy with weakness next below 751 pointing at 670 next with ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 11440 Percentage Change: + 1.69% Day High: 11518 Day Low: 11242

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LSE:BP. BP PLC. Close Mid-Price: 449 Percentage Change: + 0.27% Day High: 452.45 Day Low: 440

Target Met or near enuff. BP PLC needs are mid-price trades ABOVE 454 to c ……..

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LSE:CPI Capita Close Mid-Price: 25.24 Percentage Change: -0.55% Day High: 25.5 Day Low: 25

Getting dodgy, below 25 now suggests weakness to an initial 20.5 with seco ……..

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LSE:HIK Hikma Close Mid-Price: 1394.5 Percentage Change: -3.06% Day High: 1439 Day Low: 1389.5

Target Met. That was a bit nasty. Weakness continuing below 1389 now looks ……..

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LSE:IAG British Airways Close Mid-Price: 107.46 Percentage Change: -4.53% Day High: 112.06 Day Low: 107.34

Now especially troubling, below 107 points at a descent to an initial 99 w ……..

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LSE:ITM ITM Power Close Mid-Price: 198.7 Percentage Change: -2.84% Day High: 208.3 Day Low: 193.35

Weakness on ITM Power below 193 will invariably now lead to 182 with secon ……..

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LSE:NG. National Glib. Close Mid-Price: 1185 Percentage Change: + 1.41% Day High: 1185 Day Low: 1166.5

Continued trades against NG. with a mid-price ABOVE 1185 should improve th ……..

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LSE:ODX Omega Diags Close Mid-Price: 2.85 Percentage Change: -4.20% Day High: 2.98 Day Low: 2.85

Continued weakness against ODX taking the price below 2.85 calculates as l ……..

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LSE:SMT Scottish Mortgage Investment Trust Close Mid-Price: 822.8 Percentage Change: -4.57% Day High: 858.8 Day Low: 825

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

#Brent #Stoxx50

When we reviewed Metro Bank in August last year, something quite fascinating happened thereafter. In November, the share price surged upward, hitting our primary and secondary targets but crucially, failed to close the session above our secondary target of 142p. It was all a bit strange, almost feeling like “it had” to get to 142p but this was really just to establish a trend.

It almost didn’t matter, ‘cos a couple of weeks later, the market decided “okay, you’ve had your day in the sun. But you’re a Retail Bank, so get back in the gutter!” It was all very strange behaviour.

Since the price was manipulated (gapped) downward on November 18th last year, one this has become pretty clear. In the unlikely event of Metro Bank now trading below 71p, we suspect quite strongly the share price shall “bottom” at 57p and hopefully enact a proper bounce.  However, share price movements during August tend make us question whether reversals should be expected, especially as across the retail banking sector, the general mood feels like “restrained optimism”. Or in plain English, the banks feel like they want to go up, but, perhaps due to August, perhaps Ukraine, perhaps Brexit, or perhaps the unbelievable excitement generated by the UK leadership election, all seem to be contributing to this particular market sector remaining pretty flat and boring.

 

For Metro Bank, we suspect they shall prove worthy of attention, if the share price stumbles above 96p as we can calculate the potential of a lift to an initial 112p next. If bettered, our secondary works out at 138p, a concerning ambition as it’s marginally below the previous high. However, this calculation does give the share price the chance of closing above the previous high closing price of 133p. It shall be interesting, if history again repeats itself at the start of November.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:26:31PM	BRENT	95.44	93.4	92.13	90.36	95	97.44	97.67	98.93	95.68
10:28:56PM	GOLD	1747.46
10:30:34PM	FTSE	7547.54
9:50:54PM	STOX50	3726.7	3717	3709	3671	3737	3772	3789	3813	3751	Success
9:53:52PM	GERMANY	13531									‘cess
9:57:12PM	US500	4229									‘cess
10:01:33PM	DOW	33707									‘cess
10:04:23PM	NASDAQ	13245.07									Success
10:06:48PM	JAPAN	28745									‘cess

19/08/2022 FTSE Closed at 7550 points. Change of 0.12%. Total value traded through LSE was: £ 5,961,629,196 a change of 29.52%

18/08/2022 FTSE Closed at 7541 points. Change of 0.35%. Total value traded through LSE was: £ 4,602,765,684 a change of 0.38%

17/08/2022 FTSE Closed at 7515 points. Change of -0.28%. Total value traded through LSE was: £ 4,585,359,451 a change of 5.45%

16/08/2022 FTSE Closed at 7536 points. Change of 0.36%. Total value traded through LSE was: £ 4,348,545,250 a change of 13.62%

15/08/2022 FTSE Closed at 7509 points. Change of 0.12%. Total value traded through LSE was: £ 3,827,179,402 a change of -9.76%

12/08/2022 FTSE Closed at 7500 points. Change of 0.47%. Total value traded through LSE was: £ 4,240,976,226 a change of -17.45%

11/08/2022 FTSE Closed at 7465 points. Change of -0.56%. Total value traded through LSE was: £ 5,137,633,275 a change of -1.15%

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:AZN Astrazeneca** **LSE:BP. BP PLC** **LSE:DARK Darktrace Plc** **LSE:DGE Diageo** **LSE:HIK Hikma** **LSE:ITM ITM Power** **LSE:JET Just Eat** **

********

Updated charts published on : Asos, Astrazeneca, BP PLC, Darktrace Plc, Diageo, Hikma, ITM Power, Just Eat,

LSE:ASC Asos Close Mid-Price: 765 Percentage Change: -5.56% Day High: 828 Day Low: 759

Target Met. This is really not looking happy with weakness next below 759 ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 11250 Percentage Change: + 2.14% Day High: 11292 Day Low: 10978

All Astrazeneca needs are mid-price trades ABOVE 11295 to improve accelera ……..

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LSE:BP. BP PLC. Close Mid-Price: 447.8 Percentage Change: + 1.31% Day High: 449.9 Day Low: 441.65

ll BP PLC needs are mid-price trades ABOVE 450 to improve acceleration tow ……..

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LSE:DARK Darktrace Plc. Close Mid-Price: 544 Percentage Change: + 0.29% Day High: 559.6 Day Low: 509.2

Continued trades against DARK with a mid-price ABOVE 560 should improve th ……..

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LSE:DGE Diageo. Close Mid-Price: 3960 Percentage Change: + 1.47% Day High: 3957 Day Low: 3888.5

Target Met. Continued exploration above 3960 now points at the potential o ……..

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LSE:HIK Hikma Close Mid-Price: 1438.5 Percentage Change: -0.17% Day High: 1448 Day Low: 1424

If Hikma experiences continued weakness below 1424, it will invariably lea ……..

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LSE:ITM ITM Power Close Mid-Price: 204.5 Percentage Change: -4.04% Day High: 215.8 Day Low: 201

Weakness on ITM Power below 201 will invariably now lead to 182 with secon ……..

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LSE:JET Just Eat. Close Mid-Price: 1781.6 Percentage Change: + 26.73% Day High: 2055 Day Low: 1720

Target Met. That was a bit of a surprise but, it appears the market intend ……..

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

#FTSE #GOLD

The FTSE has embraced the spirit of August, doing very little and behaving with little in the way of logic. However, in the last week, the market has closed twice above our suspected ceiling level of 5520 points, leading us to believe some further movement upward shall become possible.

Movement next above 7547 points calculates with the potential of a visit to 7576 points next. While being a fairly useful amble upwards, our secondary is of greater – presumably longer term – interest as it calculates at 7635 points and a probable challenge against Blue on the chart. This downtrend dates back to 2018, a time when life was affordable. Isn’t it funny the only things which appear to be escaping the current inflation cycle are share prices, crypto values, gold, and so on. There’s certainly a “logic disconnect” taking place as the value of the very thing used to literally measure values and worth remains aloof.

 

If everything intends go pear shaped near term, below 7493 looks capable of triggering reversal to an initial 7468 with secondary, if broken, at 7439 points and hopefully a bounce, due to the underlying trend remaining upward.

Due to the holiday season, we’re attempting to keep our reports short and sharp. Have a good weekend.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:51:19PM	BRENT	95.97	93.54	92.88		94.97	96.96	97.775		94.92	Success
9:53:23PM	GOLD	1758.95	1755	1752		1765	1772	1777		1765	‘cess
9:54:50PM	FTSE	7563	7489	7467		7519	7563	7573		7531	Shambles
9:56:29PM	STOX50	3782	3748	3735		3767	3783	3796		3763
9:58:40PM	GERMANY	13705	13604	13521		13724	13785	13810		13644
10:00:15PM	US500	4286	4251	4232		4278	4294	4306		4262
10:26:45PM	DOW	34001	33833	33679		33968	34067	34154		33900
10:28:47PM	NASDAQ	13515	13388	13317		13465	13557	13612		13463
10:30:55PM	JAPAN	29092	28873	28763		29007	29144	29214		28953

18/08/2022 FTSE Closed at 7541 points. Change of 0.35%. Total value traded through LSE was: £ 4,602,765,684 a change of 0.38%

17/08/2022 FTSE Closed at 7515 points. Change of -0.28%. Total value traded through LSE was: £ 4,585,359,451 a change of 5.45%

16/08/2022 FTSE Closed at 7536 points. Change of 0.36%. Total value traded through LSE was: £ 4,348,545,250 a change of 13.62%

15/08/2022 FTSE Closed at 7509 points. Change of 0.12%. Total value traded through LSE was: £ 3,827,179,402 a change of -9.76%

12/08/2022 FTSE Closed at 7500 points. Change of 0.47%. Total value traded through LSE was: £ 4,240,976,226 a change of -17.45%

11/08/2022 FTSE Closed at 7465 points. Change of -0.56%. Total value traded through LSE was: £ 5,137,633,275 a change of -1.15%

10/08/2022 FTSE Closed at 7507 points. Change of 0.25%. Total value traded through LSE was: £ 5,197,338,086 a change of -9.09%

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:BBY BALFOUR BEATTY** **LSE:BP. BP PLC** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:ITM ITM Power** **LSE:QFI Quadrise** **

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Updated charts published on : Asos, BALFOUR BEATTY, BP PLC, Glencore Xstra, Hikma, ITM Power, Quadrise,

LSE:ASC Asos Close Mid-Price: 810 Percentage Change: -4.93% Day High: 879 Day Low: 800.5

Target Met. Ongoing weakness below 800 now suggests reversal to 787 with s ……..

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View Previous Asos & Big Picture ***

LSE:BBY BALFOUR BEATTY. Close Mid-Price: 325 Percentage Change: + 1.69% Day High: 331.8 Day Low: 319.6

Target Met. Traffic now above 332 should built toward an initial 348 with ……..

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View Previous BALFOUR BEATTY & Big Picture ***

LSE:BP. BP PLC. Close Mid-Price: 442 Percentage Change: + 2.58% Day High: 443.05 Day Low: 432.6

Target met. All BP PLC needs are mid-price trades ABOVE 444 to improve ac ……..

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View Previous BP PLC & Big Picture ***

LSE:GLEN Glencore Xstra. Close Mid-Price: 498.25 Percentage Change: + 2.37% Day High: 498.15 Day Low: 484.3

Target met. Continued trades against GLEN with a mid-price ABOVE 498.15 s ……..

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View Previous Glencore Xstra & Big Picture ***

LSE:HIK Hikma Close Mid-Price: 1441 Percentage Change: -3.32% Day High: 1476 Day Low: 1439.5

If Hikma experiences continued weakness below 1439.5, it will invariably ……..

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LSE:ITM ITM Power Close Mid-Price: 213.1 Percentage Change: -12.01% Day High: 228.5 Day Low: 208.1

Weakness on ITM Power below 208.1 will invariably lead to 159 with second ……..

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LSE:QFI Quadrise. Close Mid-Price: 1.31 Percentage Change: + 1.15% Day High: 1.28 Day Low: 1.28

Continued weakness against QFI taking the price below 1.28 calculates as ……..

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