Gold, The Dow, & Ferrari again

#Brent #DAX

A single sentence on our Friday report summed everything up; “we’re curious about #Ferrari, suspecting they may not be outsiders this time“. It proved the case, the market really did know best,  the red team conclusively winning in a fashion not seen since 2019. We’re not exactly great Ferrari fans but prefer seeing them able to properly compete, rather feature in the background. And, of course, we’d cheerfully accept a free new Ferrari. Amusingly, when it comes to buying expensive cars, the “new” Formula One management company, Liberty Media, are doing rather well. Interactive Investor produced a useful video, available at this link. We shall glance at Liberty Media share price in the coming week.

It’s all quite strange, a series of market movements indicating confidence in Ferrari ability. Just how  this could be the case utterly defeats. If we were to fully embrace the old adage “The Market Always Knows!”, we’d now be banging a drum in praise of the pandemic being over and matters in Russia/Ukraine resolved in a manner the marketplace wholly approves of. Certainly, Monday should prove interesting with the Moscow Stock Exchange opening for the first time, since Mr Putin fired the metaphorical and literal starting gun for conflict.

 

We’re choosing to start the week with the two traditional indicators for “How’s It Going?”, Wall St and the price of Gold. Conventional thinking leans toward Gold being expensive in times of trouble, Wall Street becoming decidedly weak should unrest prevail. At this time, the converse appears true for each derivative, Gold risking weakness, Wall St risking a leap over tall buildings with a single bound.

If we glance at Wall St from a near term and quite conservative perspective, it appears movement now above 34,760 points can easily justify price movement to an initial 35,576 points initially. If exceeded, our ‘longer term’ secondary (a feature which can mean later that week, the way the markets currently behave) works out at 35,886 points. While we’re cheerfully speculating on a potential 1,000+ point rise, the truly important detail comes, should the secondary be exceeded. A miracle such as this dumps the index value in a cycle, where ongoing traffic to 37,729 calculates as possible, a new all time high and once again trapping Wall St in a zone where an eventual 40,100 should be promoted as a level where some future volatility can be expected.

To justify hysterics, Wall St needs drop below 32,750 points, a movement capable of proving a near 2,000 point tumble.

Unlike the current strong Wall St view, Gold appears at risk of experiencing a slight melt down. To be honest, the risk is so obvious, we almost distrust it. The low price for Gold on Wed 16th rather neatly matched a series of price movements at the end of February. It looked like the market was indulging in a pictorial set-up, saying “Watch this, it’s about to make a rock solid ‘lower low’,” in a fashion capable of making traders open shorts, just before a Gotcha spike upward. Regular readers will know we’re painfully suspicious about the precious metal markets, an attitude which is often fully justified. For instance, at time of writing, Gold is trading around $1,925 and we shall not be aghast if it spikes up toward $1,960 prior to a surprise drop. Only above the 1,960 level is a rise liable to prove genuine as it allows a visit to 2,004.

Should we opt to work on the basis of playing safe, apparently it is now the case below 1,897 should trigger Gold price reversal to an initial 1,850 with secondary, if broken, down at a potential bottom of $1,754. Visually, there’s a heck of a strong argument favouring the concept of a bounce at 1,850, thanks to the downtrend since 2020. For some reason, when a price matches a point of trend break, invariably something happens to arrest a drop cycle – but rarely with sufficient strength to make a bounce a long term proposition.

For now, Gold feels like some slight reversal is possible, perhaps coming with comedy but unable to match the TV show, the Marvellous Mrs Maisel which has returned to telly, our guilty secret and better than ever.

Many thanks to the nice folk who discover a fascinating advert on this page. Every click contributes to our morning coffee!

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
7:09:46PM BRENT 106.43 103.5 102.15 100.29 106.59 105.45 110.48 115.51 104 ‘cess
7:36:59PM GOLD 1921.5 Shambles
8:03:57PM FTSE 7444.47
8:12:28PM FRANCE 6647 ‘cess
8:14:27PM GERMANY 14465 14105 14031 13875 14270 14499 14582 14741 14311 ‘cess
8:16:43PM US500 4461.12 ‘cess
8:19:38PM DOW 34723
8:23:39PM NASDAQ 14415
8:26:58PM JAPAN 27331 Success

 

18/03/2022 FTSE Closed at 7404 points. Change of 0.26%. Total value traded through LSE was: £ 13,580,954,595 a change of 97.5%
17/03/2022 FTSE Closed at 7385 points. Change of 1.29%. Total value traded through LSE was: £ 6,876,379,438 a change of -21.82%
16/03/2022 FTSE Closed at 7291 points. Change of 1.69%. Total value traded through LSE was: £ 8,795,974,053 a change of 28.56%
15/03/2022 FTSE Closed at 7170 points. Change of -0.32%. Total value traded through LSE was: £ 6,841,972,853 a change of 11.2%
14/03/2022 FTSE Closed at 7193 points. Change of 0.53%. Total value traded through LSE was: £ 6,152,854,583 a change of -10.19%
11/03/2022 FTSE Closed at 7155 points. Change of 0.79%. Total value traded through LSE was: £ 6,850,629,560 a change of -15.87%
10/03/2022 FTSE Closed at 7099 points. Change of -1.27%. Total value traded through LSE was: £ 8,142,573,429 a change of 0.69%

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:AZN Astrazeneca** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:PHP Primary Health** **LSE:SPX Spirax** **

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Updated charts published on : Aston Martin, Astrazeneca, MAN, Experian, Primary Health, Spirax,

LSE:AML Aston Martin Close Mid-Price: 914.2 Percentage Change: -0.48% Day High: 957.8 Day Low: 876.4

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LSE:AZN Astrazeneca Close Mid-Price: 9536 Percentage Change: -0.26% Day High: 9650 Day Low: 9511

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LSE:EMG MAN. Close Mid-Price: 226.2 Percentage Change: + 1.30% Day High: 228.6 Day Low: 218.4

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LSE:EXPN Experian. Close Mid-Price: 3073 Percentage Change: + 1.19% Day High: 3064 Day Low: 2993

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LSE:PHP Primary Health. Close Mid-Price: 147.7 Percentage Change: + 0.48% Day High: 147.6 Day Low: 144.1

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LSE:SPX Spirax. Close Mid-Price: 13070 Percentage Change: + 1.55% Day High: 13105 Day Low: 12755

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

Racing with Ferrari & our FTSE for Friday too.

#FreeFutures #FTSE

At time of writing, there are just 62 hours until the start of the 2022 Formula 1 season. As 2021 didn’t produce a true World Champion (the person who manipulated the final race was fired), around the world, many folk will be fascinated in this years events. In an honest world, Louis Hamilton would now be competing for a 10th title, his championships littered by distant memory of Rosberg (resigned, apparently voluntarily) and Masi (fired). But we’re curious about Ferrari, suspecting they may not be outsiders this time.

It feels like the market are now paying some attention to Ferrari share price, needing only above just 210 to suggest imminent recovery to an initial 220 with our secondary, if exceeded, looking like a very logical 244. In a normal world, the secondary should prove critical as closure above this level should enter a region, where a longer term cycle to 298 calculates as possible. This will represent a new all time high for the company, ideally representative of a strong performance in motorsport. Or perhaps strong sales, due to a surge in buyers taking advantage of their cheap Covid support loans.

Hopefully Sunday in Bahrain provides an insight into what awaits this season. Hopefully it doesn’t snow…

FTSE for Friday Generally we regard it as quite a big deal, when a share price enthusiastically regains a prior trend. This week, the FTSE achieved something quite surprising, regaining an uptrend and also, once again breaking through a historical downtrend.

We’re inclined to suspect the markets are no longer taking the European conflict quite as seriously, maybe fuelled by some of the ridiculous stories doing the rounds. For instance, good old Chicken Kiev, a dish utterly hated by those tasked with cleaning the oven, vanished from supermarket shelves, while their marketing division anxiously decided on how to spell Kiev ‘correctly’ in solidarity with Ukraine. Russia must have felt utterly threatened at this bout of utter stupidity as a mainstay from the 1970’s vanished from shelves while politically correct packaging was sourced. Hopefully France never does anything silly as life would be impossible without “French Fries”… Apparently the UK media are also pressurising anarchists to take Molotov Cocktails off their menu!

Closing Thursday at 7385 points, we’re inclined to assign a near term trigger for the FTSE at 7399 points. Movement above this level currently calculates with the potential of 7454 next. Our secondary, if such a level is exceeded, works out at 7555 points. In the event the market somehow makes it above this level, something extraordinary happens as apparently a leap toward 7717 points becomes viable, signalling the potential of a brand new high for the UK market.

Our alternate scenario requires the FTSE to wobble below 7260 points as this opens the doors for reversal to 7102 points with secondary, if broken, at 6855 points.

 

Have a good weekend, one where the good weather forecast risks being spoiled by the need to stay indoors watching a car race!

Having bought coffee beans on Thursday, it has never been more important to thank the nice folk who discover fascinating adverts on this page. At the current price, tempted to plant them in the hope they are magic beans!

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:19:14PM BRENT 105.15 97.3 95.87 103 106 107.2175 102 Success
9:20:57PM GOLD 1943.02 1930 1926 1939 1950 1955 1935 ‘cess
9:24:30PM FTSE 7385 7308 7271 7353 7420 7461 7374 ‘cess
9:26:25PM FRANCE 6630 6529 6492 6601 6645 6658 6601
9:34:29PM GERMANY 14381 14234 14105 14376 14529 14543 14334
9:37:15PM US500 4394 4327 4305 4372 4416 4457 4371 ‘cess
9:41:08PM DOW 34358 33863 33628 34115 34517 34726 34204 ‘cess
9:43:05PM NASDAQ 14064 13824 13708 14015 14135 14179 14045
9:46:48PM JAPAN 26677 26376 26295 26576 26775 26827 26630 Success
17/03/2022 FTSE Closed at 7385 points. Change of 1.29%. Total value traded through LSE was: £ 6,876,379,438 a change of -21.82%
16/03/2022 FTSE Closed at 7291 points. Change of 1.69%. Total value traded through LSE was: £ 8,795,974,053 a change of 28.56%
15/03/2022 FTSE Closed at 7170 points. Change of -0.32%. Total value traded through LSE was: £ 6,841,972,853 a change of 11.2%
14/03/2022 FTSE Closed at 7193 points. Change of 0.53%. Total value traded through LSE was: £ 6,152,854,583 a change of -10.19%
11/03/2022 FTSE Closed at 7155 points. Change of 0.79%. Total value traded through LSE was: £ 6,850,629,560 a change of -15.87%
10/03/2022 FTSE Closed at 7099 points. Change of -1.27%. Total value traded through LSE was: £ 8,142,573,429 a change of 0.69%
9/03/2022 FTSE Closed at 7190 points. Change of 3.25%. Total value traded through LSE was: £ 8,087,014,052 a change of -12.41%

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:AFC AFC Energy** **LSE:AZN Astrazeneca** **LSE:BP. BP PLC** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:RBD Reabold Resources PLC** **LSE:SPX Spirax** **LSE:TERN Tern Plc** **

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Updated charts published on : AFC Energy, Astrazeneca, BP PLC, MAN, Experian, Reabold Resources PLC, Spirax, Tern Plc,

LSE:AFC AFC Energy Close Mid-Price: 38.15 Percentage Change: -3.30% Day High: 39.45 Day Low: 36.7

Above 41 now hints at movement to an initial 44 with secondary, if exceede ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 9561 Percentage Change: + 1.54% Day High: 9548 Day Low: 9275

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LSE:BP. BP PLC. Close Mid-Price: 368.05 Percentage Change: + 2.05% Day High: 371.05 Day Low: 361.8

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LSE:EMG MAN. Close Mid-Price: 223.3 Percentage Change: + 2.10% Day High: 223.4 Day Low: 218.5

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LSE:EXPN Experian. Close Mid-Price: 3037 Percentage Change: + 3.02% Day High: 3053 Day Low: 2963

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LSE:RBD Reabold Resources PLC. Close Mid-Price: 0.4 Percentage Change: + 22.73% Day High: 0.46 Day Low: 0.32

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LSE:SPX Spirax. Close Mid-Price: 12870 Percentage Change: + 2.75% Day High: 12890 Day Low: 12575

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LSE:TERN Tern Plc Close Mid-Price: 14 Percentage Change: -9.68% Day High: 16 Day Low: 14

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

Visiomed sending temperatures soaring!

#Gold #WallSt

Our weekly plunge into Europe reveals Vidiomed, a French headquartered supplier of electronic devices to the medical industry, as looking fairly interesting. Many of us already know the company products, thanks to ‘Thermoflash’, the first non-contact infrared thermometer introduced in 2007, a tool often wielded by folk pretending it’s a taser or handgun as they point the gizmo at your forehead.

Obviously, the company share price did rather nicely with a spectacular pandemic surge. But following an initial high of 2.5€, very little of interest has been taking place, quite the converse, with the price dipping to 0.08€. Thankfully, things again look like becoming interesting and we calculate above just 0.303€ should present the potential of a lift to an initial 0.47€.  If bettered, our secondary works out at 0.53 but, significantly, it could easily be 0.78€ if some positive news drives any rise. Such movement could prove quite significant, allowing the share price to close above the very obvious downtrend since 2015, landing in a zone where a future 1.27€ becomes a believable ambition.

Needless to say, like most of us, we’re hesitant on just what comprises positive news for a company in this arena. If events in China continue to worsen, perhaps we shall face a future where it becomes normal to be temperature scanned when entering a workplace, petrol stations, shops, or even waiting at a Drive Thru’ window to pay!

One strange facet to Visiomed Group came from their website. The company detail some impressive year, after year, achievements from 2007 through to 2018. Unfortunately, it appears in 2018 their world stopped turning as their ‘About Us’ page – in English – fails to boast of any further developments.

Many thanks to those who find a fascinating advert, the income from each click making us able to afford todays absurd coffee prices!

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:49:38PM GOLD 1924.79 1911 1895 1872 1921 1930 1940 1955 1911 ‘cess
10:51:21PM BRENT 96.06
10:53:23PM FTSE 7307.97 Success
10:55:22PM FRANCE 6628 Success
10:57:28PM GERMANY 14466 Success
10:59:37PM US500 4362 Success
11:02:00PM DOW 34091.3 33719 33659 33492 33970 34160 34286 34590 33890 Success
11:04:37PM NASDAQ 13968 Success
11:08:14PM JAPAN 26296 Success

 

16/03/2022 FTSE Closed at 7291 points. Change of 1.69%. Total value traded through LSE was: £ 8,795,974,053 a change of 28.56%
15/03/2022 FTSE Closed at 7170 points. Change of -0.32%. Total value traded through LSE was: £ 6,841,972,853 a change of 11.2%
14/03/2022 FTSE Closed at 7193 points. Change of 0.53%. Total value traded through LSE was: £ 6,152,854,583 a change of -10.19%
11/03/2022 FTSE Closed at 7155 points. Change of 0.79%. Total value traded through LSE was: £ 6,850,629,560 a change of -15.87%
10/03/2022 FTSE Closed at 7099 points. Change of -1.27%. Total value traded through LSE was: £ 8,142,573,429 a change of 0.69%
9/03/2022 FTSE Closed at 7190 points. Change of 3.25%. Total value traded through LSE was: £ 8,087,014,052 a change of -12.41%
8/03/2022 FTSE Closed at 6964 points. Change of 0.07%. Total value traded through LSE was: £ 9,232,494,481 a change of -9.7%

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:DDDD 4D Pharma** **LSE:NG. National Glib** **LSE:PHP Primary Health** **LSE:POLY Polymetal** **LSE:SPX Spirax** **LSE:TERN Tern Plc** **

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Updated charts published on : Astrazeneca, 4D Pharma, National Glib, Primary Health, Polymetal, Spirax, Tern Plc,

LSE:AZN Astrazeneca. Close Mid-Price: 9416 Percentage Change: + 0.35% Day High: 9476 Day Low: 9367

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LSE:DDDD 4D Pharma. Close Mid-Price: 41 Percentage Change: + 6.49% Day High: 45.95 Day Low: 39

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LSE:NG. National Glib Close Mid-Price: 1119 Percentage Change: -3.15% Day High: 1170.2 Day Low: 1119

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LSE:PHP Primary Health. Close Mid-Price: 145.5 Percentage Change: + 1.04% Day High: 146.7 Day Low: 144

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LSE:POLY Polymetal. Close Mid-Price: 147.85 Percentage Change: + 13.91% Day High: 151 Day Low: 117.65

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LSE:SPX Spirax. Close Mid-Price: 12525 Percentage Change: + 3.13% Day High: 12650 Day Low: 12160

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LSE:TERN Tern Plc. Close Mid-Price: 15.5 Percentage Change: + 19.23% Day High: 15.75 Day Low: 13

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

Tesco Plc and price rises.

#FTSE #Japan

It wasn’t really a surprise to discover Boris Johnston, along with other world leaders, is responsible for soaring Food and Fuel prices. Broadly speaking, Covid-19 is to blame but mismanaging the exit from the good old days of Lockdown can be laid squarely at the door of those who opted to relax pandemic restrictions. Quite literally, the price of fuel and food is entirely the fault of politicians.

As someone whose grasp of international economics stopped at Thomas Malthus and died forever under the Thatcher era, reading an essay which logically explained soaring prices caused a penny to drop, thanks to the argument making sense. Perhaps it’s the case everyone already knows this but, for now it’s easy to remain sceptical.  To rehash the explanation, as the writer understood it, what has happened was foreseeable and avoidable. Except politicians pandered to a media which wanted an end to the pandemic.

 

Basically, the end of restrictions should have been managed, ideally with a degree of honesty into why various countries were relaxing restrictions over an extended period. Instead, the undignified rush to wave goodbye to Covid-19 over the last few months has provoked a massive international surge in demand for “stuff”. Warehouses, Storage Depots, Factories, all were sitting on massive stocks and memorably, at one point, Crude Oil achieved a minus dollar price, thanks to folk facing contracts for oil in the USA where there was literally no room left to store the product.

Times have changed.

With a massive change in demand this year, storage facilities face a situation where demand has suddenly outstripped supply. Imagine three oil refineries called Jack, Jill and Ivan. Each refinery has been plodding along for two years, easily maintaining their crude oil storage while producing product for industry. Suddenly, demand has grown 3 fold, and the refineries can envisage empty crude oil storage tanks unless something happens to improve supply. Of course, Refinery Ivan is to blame, starting the ball rolling by promising to pay a dollar premium to hijack a tanker load to divert to his facility. Refinery Jack sees this happening, immediately paying more than Ivan to get the product. In sheer panic, Refinery Jill outbids both rivals and a tanker of crude which left port with the price at 65 dollars a barrel is now heading to offload at San Francisco with the value of the load doubled. The situation continues as all refineries panic, trying to match stock levels with demand levels. After all, the only thing worse than paying through the nose for something is discovering the product is no longer available!

The (incredibly simplistic) example above relates to oil but, in real life, products from toilet paper to timber proved effected by a sudden attempt to return to normal. But it’s curious how Netflix can justify both their recent price rises… It will also be fascinating what happens, when supply and demand are again in balance. Shall we experience sharp price reductions, an economic meltdown, or will the pandemic need rear its ugly head again?

 

Tesco are bothering us a little. The share price managed hit both targets proposed in our report in September last year. What’s happened in the period since is proving a nuisance as despite exceeding our secondary target (291p) the share price is currently falling further than we would expect. Presently trading around 278p, the price needs below 264p to justify a frisson of worry, allowing a cycle to an initial 248 and hopeful bounce. The real problem comes, should 248p break as our secondary works out at 228p.  This secondary presents a major issue, breaking below the pandemic Red uptrend and also breaking slightly below the Blue downtrend trend break level. In plain English, it allows a third level drop target down at 192p.

However, despite the gloomy potentials, our alternate scenario allows movement above 283p to apparently trigger price recovery to an initial 292p. If bettered, our longer term secondary calculates at a believable 310p.

Our thanks to the nice folks who discover a fascinating advert on this page and visit it. Keeps the coffee flowing!

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:52:43PM BRENT 97.21 ‘cess
9:55:49PM GOLD 1918.11
10:02:33PM FTSE 7192.27 7114 7086 7044 7150 7210 7251 7310 7151 ‘cess
10:04:37PM FRANCE 6389 ‘cess
10:06:24PM GERMANY 13992.24 ‘cess
10:08:29PM US500 4257 Success
10:11:18PM DOW 33490 Success
10:13:46PM NASDAQ 13435.22 Success
10:17:46PM JAPAN 25672 25371 25300 25164 25563 25713 25821 25928 25581 Success
15/03/2022 FTSE Closed at 7170 points. Change of -0.32%. Total value traded through LSE was: £ 6,841,972,853 a change of 11.2%
14/03/2022 FTSE Closed at 7193 points. Change of 0.53%. Total value traded through LSE was: £ 6,152,854,583 a change of -10.19%
11/03/2022 FTSE Closed at 7155 points. Change of 0.79%. Total value traded through LSE was: £ 6,850,629,560 a change of -15.87%
10/03/2022 FTSE Closed at 7099 points. Change of -1.27%. Total value traded through LSE was: £ 8,142,573,429 a change of 0.69%
9/03/2022 FTSE Closed at 7190 points. Change of 3.25%. Total value traded through LSE was: £ 8,087,014,052 a change of -12.41%
8/03/2022 FTSE Closed at 6964 points. Change of 0.07%. Total value traded through LSE was: £ 9,232,494,481 a change of -9.7%
7/03/2022 FTSE Closed at 6959 points. Change of -0.4%. Total value traded through LSE was: £ 10,224,193,154 a change of 15.38%

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:AGM Applied Graphene** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CNA Centrica** **LSE:NG. National Glib** **LSE:ODX Omega Diags** **LSE:POLY Polymetal** **

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Updated charts published on : Applied Graphene, BP PLC, British Telecom, Centrica, National Glib, Omega Diags, Polymetal,

LSE:AGM Applied Graphene. Close Mid-Price: 22 Percentage Change: + 4.76% Day High: 22 Day Low: 21.5

This is mildly interesting as near term above 22 expects an initial 22.6 w ……..

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LSE:BP. BP PLC. Close Mid-Price: 361 Percentage Change: + 1.26% Day High: 360.65 Day Low: 344.85

Despite flamboyant oil prices, BP seem to be doing their own thing. Below ……..

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LSE:BT.A British Telecom. Close Mid-Price: 177.95 Percentage Change: + 1.57% Day High: 177.8 Day Low: 173.5

In the event BT somehow start trading above 181, there is a chance somethi ……..

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LSE:CNA Centrica. Close Mid-Price: 78.42 Percentage Change: + 1.92% Day High: 78.8 Day Low: 75.96

This only needs above 79 to now suggest an initial 82 is coming. If better ……..

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LSE:NG. National Glib. Close Mid-Price: 1155.4 Percentage Change: + 2.87% Day High: 1152.4 Day Low: 1105.6

In the event of National Glib enjoying further trades beyond 1152.4, the ……..

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LSE:ODX Omega Diags. Close Mid-Price: 4.45 Percentage Change: + 15.58% Day High: 4.75 Day Low: 3.85

Even above 5.6 should now prove worthwhile, allowing a cycle to apparently ……..

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LSE:POLY Polymetal Close Mid-Price: 129.8 Percentage Change: -22.90% Day High: 168.3 Day Low: 121.65

Continued weakness against POLY taking the price below 121.65 calculates ……..

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

Bottomline Technologies, about to blow up?

#Gold #SP500

Monday was a day of surprises. Firstly, the relentless amount of spam received, promoting companies we’ve never heard of, sometimes in countries we’ve never heard of, is always ignored but, just for a giggle, we decided to actually read one of these unsolicited emails from GlobalNewsWire among others. This turned out to be the 2nd surprise of the day!

The first big surprise came during the morning dog walk. Our area here is Argyll is known as a one-stop-shop for nuclear weapons. Instead of a submarine sneaking past, instead was the worrying sight of the UK’s massive drone platform/aircraft carrier sneaking in, doubtless to top up its stores. The true size of the vessel cannot be easily conveyed but, as the photo shows, it was clearly bigger than the picnic table by the local beach. It is proving difficult to forget about the current conflict in Europe, when the appearance of this impressive craft begs the question as to “why now?”. As a testament to the weather in Scotland, several photo’s were taken at 60x zoom. Not a single person was visible on the boat, presumably all remaining sensibly under cover. But, from our nerd viewpoint, the share Bottomline Technologies below actually proved more interesting.

We hate the thought of doing an internet spammer’s job for them but the folk who sent the email regarding Bottomline Technologies (Nasdaq:Epay), might actually be on to something. The company blurb claim they make complex business payments simple and secure, relied upon by banks and corporations for domestic and international payments, along with fraud protection etc. They are obviously listed on the Nasdaq, headquartered in New Hampshire US, and boast of offices in Europe and Asia.

However, it is their chart which interests us.

Currently trading around the $56 mark, the share price has been flatlining for the last few months and visually gives the impression the market is awaiting some important news. Prior to the flatline, it experienced our favourite Gap Down/Gap Up manoeuvre, the gap up even forcing the share price above the immediate downtrend since 2018. However, since hitting the $56 level, very little has actually happened but there’s a promise of gains, should it somehow managed above the $57 level. Such movement should provide early warning for price recovery to an initial 63 with secondary, if exceeded, at 73 and some very probable hesitation. Visually, this $73 ambition matches the share highs back in 2018 and is almost certain to provoke a stutter.

For everything to go horribly wrong, the share price currently needs weaken below $41 to spell trouble.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:27:09PM BRENT 104.34
10:29:14PM GOLD 1953.19 1948 1944 1938 1966 1978 1983 1988 1967 ‘cess
10:31:32PM FTSE 7167.8
10:33:39PM FRANCE 6343.5
10:35:31PM GERMANY 13912
10:39:31PM US500 4183.2 4156 4142 4077 4188 4212 4222 4243 4175 ‘cess
10:42:08PM DOW 33036
10:45:43PM NASDAQ 13106 ‘cess
10:48:41PM JAPAN 25360 Success

 

14/03/2022 FTSE Closed at 7193 points. Change of 0.53%. Total value traded through LSE was: £ 6,152,854,583 a change of -10.19%
11/03/2022 FTSE Closed at 7155 points. Change of 0.79%. Total value traded through LSE was: £ 6,850,629,560 a change of -15.87%
10/03/2022 FTSE Closed at 7099 points. Change of -1.27%. Total value traded through LSE was: £ 8,142,573,429 a change of 0.69%
9/03/2022 FTSE Closed at 7190 points. Change of 3.25%. Total value traded through LSE was: £ 8,087,014,052 a change of -12.41%
8/03/2022 FTSE Closed at 6964 points. Change of 0.07%. Total value traded through LSE was: £ 9,232,494,481 a change of -9.7%
7/03/2022 FTSE Closed at 6959 points. Change of -0.4%. Total value traded through LSE was: £ 10,224,193,154 a change of 15.38%
4/03/2022 FTSE Closed at 6987 points. Change of -3.47%. Total value traded through LSE was: £ 8,861,498,669 a change of 14.29%

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:CBX Cellular Goods** **LSE:DDDD 4D Pharma** **LSE:EME Empyrean** **LSE:IGAS Igas Energy** **LSE:SPX Spirax** **

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Updated charts published on : Astrazeneca, Cellular Goods, 4D Pharma, Empyrean, Igas Energy, Spirax,

LSE:AZN Astrazeneca. Close Mid-Price: 9396 Percentage Change: + 1.30% Day High: 9460 Day Low: 9249

Target met. Continued trades against AZN with a mid-price ABOVE 9460 shou ……..

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LSE:CBX Cellular Goods. Close Mid-Price: 4.1 Percentage Change: + 33.33% Day High: 4.95 Day Low: 3.08

Apparently, above just 5.09p should indicate happy days ahead, allowing re ……..

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LSE:DDDD 4D Pharma. Close Mid-Price: 41.9 Percentage Change: + 14.17% Day High: 44.75 Day Low: 36.55

Further movement against 4D Pharma ABOVE 44.75 should improve acceleratio ……..

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LSE:EME Empyrean. Close Mid-Price: 9.1 Percentage Change: + 20.53% Day High: 9.5 Day Low: 7.5

Target met. All Empyrean needs are mid-price trades ABOVE 9.5 to improve ……..

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LSE:IGAS Igas Energy. Close Mid-Price: 32.35 Percentage Change: + 6.07% Day High: 38 Day Low: 30.5

In the event of Igas Energy enjoying further trades beyond 38, the share ……..

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LSE:SPX Spirax. Close Mid-Price: 12355 Percentage Change: + 3.00% Day High: 12455 Day Low: 11920

All Spirax needs are mid-price trades ABOVE 12455 to improve acceleration ……..

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

Chucking Barclays against a rock.

#Brent #DAX

We wish the stock market and Barclays could be fixed as simply as our tumble drier. On Saturday thing decided it was bored with life and stopped supplying heat to its contents. At this point, one of the true joys of the internet was discovered, a video which advised throwing a bit of the drier at a paving slab would fix the problem! The component (a thermal fuse) was thrown at a rock, then tested. Somehow, the problem was fixed.

It transpires the fuse has a bit of metal inside which expands and drops when things get too hot. The effort of tossing it at rock apparently encourages the metal to slip back into place. While a replacement thermal fuse was only around £20, the proposed delay of placing an order and awaiting delivery to the Scottish Highlands was deemed unacceptable. This piece of good luck with a fuse was the 2nd good thing to happen recently. On Friday, we visited the mainland to collect a Toyota Aygo, essentially a step up from a scooter and apparently cheaper to run. When we left in the morning, fuel locally was 147p a litre. When we returned, fuel was not 180p a litre. Thankfully, the little Aygo had a full tank anyway and despite using every opportunity to treat the thing like a go-cart on local roads, the fuel gauge remains showing almost full, despite covering almost 100 miles. The little car was bought, essentially for an older dog, who’d becoming grouchy about jumping into the larger Toyota 4WD but with current absurd petrol prices, it appears the smaller Toyota shall be the transport of choice until sanity reappears.

But if only we could just chuck Barclays share price at a solid object to make it perform with some reason!

 

On Friday, we exhibited a picture of the FTSE dipping below a trend but, thankfully, failing to close below the painted line. Amusingly, Barclays exhibited almost identical behaviour recently (inset on chart) and there’s something fairly important about this sort of thing worth remembering. Essentially, this is a visual confirmation the markets regard a particular trend line as valid and important, creating a situation where close attention needs paid, if a share price actually closes a session below the particular trend line.

In the case of Barclays, the implication is of closure below currently 143.33 suggesting the share price intends a voyage down to 132p next with secondary, if broken, at a hopeful bottom of 95p. Hopefully such a level carries a similar threat to throwing the price at a rock…

Thankfully Barclays share price shouldn’t need try to hard to escape this doom as it appears movement next above 169p should supply some hope. Apparently, this should prove capable of triggering recovery to an initial 180p with secondary, if bettered, a happier 205p, visually pretending the Ukraine event didn’t happen.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:15:37PM BRENT 110.92 105 101 86.75 113 114 118 121 108
9:18:29PM GOLD 1983.01 ‘cess
9:21:32PM FTSE 7118.74 Shambles
9:26:48PM FRANCE 6224.2 Success
10:09:04PM GERMANY 13540.92 13402 13234 12943 13640 14107 14165 14460 13747 Success
10:13:02PM US500 4235 Success
10:15:02PM DOW 33089 Success
10:17:06PM NASDAQ 13380
10:29:39PM JAPAN 25199 Success

 

11/03/2022 FTSE Closed at 7155 points. Change of 0.79%. Total value traded through LSE was: £ 6,850,629,560 a change of -15.87%
10/03/2022 FTSE Closed at 7099 points. Change of -1.27%. Total value traded through LSE was: £ 8,142,573,429 a change of 0.69%
9/03/2022 FTSE Closed at 7190 points. Change of 3.25%. Total value traded through LSE was: £ 8,087,014,052 a change of -12.41%
8/03/2022 FTSE Closed at 6964 points. Change of 0.07%. Total value traded through LSE was: £ 9,232,494,481 a change of -9.7%
7/03/2022 FTSE Closed at 6959 points. Change of -0.4%. Total value traded through LSE was: £ 10,224,193,154 a change of 15.38%
4/03/2022 FTSE Closed at 6987 points. Change of -3.47%. Total value traded through LSE was: £ 8,861,498,669 a change of 14.29%
3/03/2022 FTSE Closed at 7238 points. Change of -2.57%. Total value traded through LSE was: £ 7,753,530,217 a change of -3.98%

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:EME Empyrean** **LSE:GENL Genel** **LSE:GLEN Glencore Xstra** **LSE:ODX Omega Diags** **LSE:POLY Polymetal** **

********

Updated charts published on : Astrazeneca, Empyrean, Genel, Glencore Xstra, Omega Diags, Polymetal,

LSE:AZN Astrazeneca. Close Mid-Price: 9275 Percentage Change: + 0.61% Day High: 9384 Day Low: 9221

All Astrazeneca needs are mid-price trades ABOVE 9384 to improve accelera ……..

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LSE:EME Empyrean. Close Mid-Price: 7.55 Percentage Change: + 7.09% Day High: 8.5 Day Low: 7

Target met. In the event of Empyrean enjoying further trades beyond 8.5, ……..

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LSE:GENL Genel. Close Mid-Price: 158 Percentage Change: + 4.64% Day High: 159 Day Low: 154

All Genel needs are mid-price trades ABOVE 159 to improve acceleration to ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 511.3 Percentage Change: + 2.67% Day High: 514.1 Day Low: 500.5

Target met. Continued trades against GLEN with a mid-price ABOVE 514.1 sh ……..

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LSE:ODX Omega Diags Close Mid-Price: 4.08 Percentage Change: -1.81% Day High: 4.2 Day Low: 3.08

Target met. In the event Omega Diags experiences weakness below 3.08 it c ……..

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LSE:POLY Polymetal. Close Mid-Price: 169.5 Percentage Change: + 12.07% Day High: 173.1 Day Low: 131

In the event Polymetal experiences weakness below 131 it still calculates ……..

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

Our Famous FTSE for FRIDAY

#FTSE #Free_Futures

When we gave our contrary scenario last Friday morning, we truly didn’t anticipate the FTSE providing a successful 333 points, achieving our primary and secondary targets. What proved distinctly odd was our secondary target of 6,897 points. The FTSE closed at 6,987 points, leaving us no idea what was going on. This week, Monday kicked off with a similar numeric spoonerism, a day low at 6,787 points.

Sometimes it simply feels as if the market is making fun of our target levels, one day closing 100 points above, another day closing 100 points below. We can only guess, on average, we were right!

 

By any standards, this week has proven a bit of a shambles, Russia and Ukraine aggressively sending daily news reports to the media. It often feels like a replay of that BBC pretend complaints show “Points of View”, where invented furious letters from Mr Angry of Clapham claimed to be furious about the colour of a presenters tie or the paint colour of a tractor on The Archers… Did the BBC really think viewers actually believed any of this trite invented invective emanated from somewhere other than a particular small office without a coatstand in the then Broadcasting House? For now, there’s obviously something going on in Ukraine and Russia really shouldn’t have invaded. But beyond this, discovering the truth from the region proves difficult. Even footage from the 2020 port blast in Beirut has mysteriously been produced as ‘evidence’ and equally worrying, the famously unbiased search engine ‘DuckDuckGo’ has now started censoring their search results.

In short, neither us nor the markets appear to be clear on what’s going on. Importantly, the FTSE has now closed a session below 7,228 points, the trend break level, and languishes in a zone where we can now ponder on the threat of future reversal to 6,745 points, maybe even 6,670 points as potential bounce level.

Some slight hope is possible, thanks to the inset on the chart. As shown, considerable effort has been employed to ensure the FTSE didn’t close a session below the Pandemic uptrend. Hopefully this hints the wheels are not about to come completely off the wagon, though this is probably a matter for Russia.

Near term, the FTSE needs exceed 7,194 points to produce a hint of a miracle, allowing surprise recovery to 7,284 points initially with secondary, if exceeded, at 7,443 points. If triggered, the absolute tightest stop is at 7,106 points but realistically, we’d prefer 7,054 as it matches the risk/reward potentials.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:11:20PM BRENT 107.87 107 101 113 116.6 119.89 110
10:13:48PM GOLD 1997.47 1970 1964 1993 2011 2024 1989
10:16:58PM FTSE 7111 7061 7013 7133 7215 7280 7130
10:19:19PM FRANCE 6268 6159 6078 6246 6333 6344 6234
10:21:29PM GERMANY 13478 13339 13257 13557 13745 13792 13505
10:23:21PM US500 4258 4206 4191 4246 4276 4284 4233
10:25:47PM DOW 33184 32809 32541 33018 33257 33373 33183
10:28:14PM NASDAQ 13569.35 13390 13316 13526 13726 13876 13585
10:30:23PM JAPAN 25292 25184 25084 25320 25495 25598 25300 ‘cess

 

10/03/2022 FTSE Closed at 7099 points. Change of -1.27%. Total value traded through LSE was: £ 8,142,573,429 a change of 0.69%
9/03/2022 FTSE Closed at 7190 points. Change of 3.25%. Total value traded through LSE was: £ 8,087,014,052 a change of -12.41%
8/03/2022 FTSE Closed at 6964 points. Change of 0.07%. Total value traded through LSE was: £ 9,232,494,481 a change of -9.7%
7/03/2022 FTSE Closed at 6959 points. Change of -0.4%. Total value traded through LSE was: £ 10,224,193,154 a change of 15.38%
4/03/2022 FTSE Closed at 6987 points. Change of -3.47%. Total value traded through LSE was: £ 8,861,498,669 a change of 14.29%
3/03/2022 FTSE Closed at 7238 points. Change of -2.57%. Total value traded through LSE was: £ 7,753,530,217 a change of -3.98%
2/03/2022 FTSE Closed at 7429 points. Change of 1.35%. Total value traded through LSE was: £ 8,074,541,610 a change of -5.31%

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:AZN Astrazeneca** **LSE:GLEN Glencore Xstra** **LSE:OPG OPG Power Ventures** **LSE:POLY Polymetal** **

********

Updated charts published on : Aston Martin, Astrazeneca, Glencore Xstra, OPG Power Ventures, Polymetal,

LSE:AML Aston Martin Close Mid-Price: 815 Percentage Change: -5.63% Day High: 895.2 Day Low: 814

If Aston Martin experiences continued weakness below 700, it will invariab ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 9219 Percentage Change: + 1.07% Day High: 9252 Day Low: 9052

In the event of Astrazeneca enjoying further trades beyond 9252, the shar ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 498 Percentage Change: + 5.93% Day High: 498.75 Day Low: 469.2

Target met. Further movement against Glencore Xstra ABOVE 498.75 should i ……..

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LSE:OPG OPG Power Ventures Close Mid-Price: 6.25 Percentage Change: -5.30% Day High: 6.6 Day Low: 6.25

Target met. Continued weakness against OPG taking the price below 6.25 ca ……..

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LSE:POLY Polymetal Close Mid-Price: 151.25 Percentage Change: -2.86% Day High: 193.7 Day Low: 132

Target met. In the event Polymetal experiences weakness below 132 it calc ……..

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