Gold US Dollar (PM:XAUUSD) about to run wild?

#FTSE #Nasdaq  This probably means something important and we’ve drawn our own conclusions. The price of Gold often fails to comply with our in-house logic when it’s heading upward. Yet, when downward, our projections are often devastatingly correct. Historically, once things get above the 2000 dollar level, it almost feels like a human somewhere has intervened and said “Nope!”. Obviously this is a silly concept in a free and fair marketplace.

The chart below highlights the market has tended lose confidence in the price of the precious metal, virtually the moment it dares exceed an imaginary line. Curiously, in April of this year, for a moment we thought the price was going to get away with a rise and for 4 weeks, it finally “felt” like the price was indeed going to break upward. But when the surge arrived at the start of May, rather than accelerate above the 2100 level, for a mystery reason the price opted to discover the joys of spoiling the fun for all the folk who’d long positions and currently, we feel the dig downward hasn’t yet concluded.

However, it may be worth remembering the degree of mucking about during April tends suggest the imaginary ceiling at around 2070 dollars may be weakening. In fact, if the price now manages above 2077 dollars, conventional thinking suggests a 4th stab at the glass ceiling should break it, perhaps triggering movement to an initial 2128 with our secondary, if bettered, calculating at 2347 dollars. While these targets fail to align with the fantastic ambition of $3000 mentioned by industry ‘analysts’, these same experts have been predicting the three thousand dollar level since 2009.

 

For now, it feels like Gold has entered a reversal cycle, one where weakness next below $1896 risks triggering travel down to an initial 1876 dollars with secondary, if broken, working out at 1809. Usually we’d be happy to ridicule such a secondary but visually, the metal was trading at such a level last March and therefore, such an ambition is liable to be far from stupid. In fact, glancing at the chart, it actually makes quite a bit of sense.

We’ve displayed our target levels below 1809, should everything go wrong. Surprisingly, neither of them make much visual sense, so we currently distrust the calculations.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:16:52PM BRENT 8459 Success
9:20:05PM GOLD 1902.36 ‘cess
9:32:19PM FTSE 7383.5 7368 7346 7254 7427 7437 7456 7485 7400 Success
9:34:44PM STOX50 4274 ‘cess
9:48:34PM GERMANY 15732 ‘cess
10:24:56PM US500 4436.9 ‘cess
10:27:55PM DOW 34949 Success
10:30:52PM NASDAQ 15043.8 15030 15021 14940 31839 15144 15189 15248 15080
10:33:25PM JAPAN 31915 ‘cess

 

15/08/2023 FTSE Closed at 7389 points. Change of -1.57%. Total value traded through LSE was: £ 3,544,639,764 a change of -13.22%
14/08/2023 FTSE Closed at 7507 points. Change of -0.23%. Total value traded through LSE was: £ 4,084,432,990 a change of -33.31%
11/08/2023 FTSE Closed at 7524 points. Change of -1.23%. Total value traded through LSE was: £ 6,124,601,431 a change of 49.97%
10/08/2023 FTSE Closed at 7618 points. Change of 0.41%. Total value traded through LSE was: £ 4,083,887,572 a change of -13.93%
9/08/2023 FTSE Closed at 7587 points. Change of 0.8%. Total value traded through LSE was: £ 4,744,774,883 a change of 3.35%
8/08/2023 FTSE Closed at 7527 points. Change of -0.36%. Total value traded through LSE was: £ 4,591,181,240 a change of 31.12%
7/08/2023 FTSE Closed at 7554 points. Change of -0.13%. Total value traded through LSE was: £ 3,501,608,401 a change of -4.09%

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:AV. Aviva** **LSE:BME B & M** **LSE:CEY Centamin** **LSE:CNA Centrica** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:GENL Genel** **LSE:GLEN Glencore Xstra** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:OXIG Oxford Instruments** **

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Updated charts published on : Aviva, B & M, Centamin, Centrica, MAN, Experian, EasyJet, Firstgroup, Genel, Glencore Xstra, IQE, ITM Power, Marks and Spencer, National Glib, Oxford Instruments,

LSE:AV. Aviva Close Mid-Price: 379.9 Percentage Change: -1.02% Day High: 384.9 Day Low: 376.5

Weakness on Aviva below 376.5 will invariably lead to 374 with secondary ……..

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LSE:BME B & M. Close Mid-Price: 565.2 Percentage Change: + 2.02% Day High: 567.2 Day Low: 554

Continued trades against BME with a mid-price ABOVE 567.2 should improve ……..

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LSE:CEY Centamin Close Mid-Price: 88.5 Percentage Change: -1.61% Day High: 90 Day Low: 88.3

Weakness on Centamin below 87p will invariably lead to 82p with secondary ……..

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LSE:CNA Centrica Close Mid-Price: 142 Percentage Change: -0.04% Day High: 142.5 Day Low: 140.55

In the event of Centrica enjoying further trades beyond 142.5, the share ……..

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LSE:EMG MAN Close Mid-Price: 212.1 Percentage Change: -1.03% Day High: 217 Day Low: 210.7

Continued weakness against EMG taking the price below 210.7 calculates as ……..

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LSE:EXPN Experian Close Mid-Price: 2790 Percentage Change: -2.65% Day High: 2868 Day Low: 2779

In the event Experian experiences weakness below 2779 it calculates with ……..

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LSE:EZJ EasyJet Close Mid-Price: 439 Percentage Change: -1.53% Day High: 446.6 Day Low: 437.6

If EasyJet experiences continued weakness below 437.6, it will invariably ……..

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LSE:FGP Firstgroup Close Mid-Price: 155.1 Percentage Change: -0.32% Day High: 158.6 Day Low: 150

Target met. All Firstgroup needs are mid-price trades ABOVE 158.6 to impr ……..

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LSE:GENL Genel Close Mid-Price: 81.9 Percentage Change: -3.87% Day High: 86.1 Day Low: 81.6

Weakness on Genel below 81.6 will invariably lead to 79p with secondary ( ……..

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LSE:GLEN Glencore Xstra Close Mid-Price: 419.05 Percentage Change: -3.40% Day High: 433.45 Day Low: 417

Target met. Continued weakness against GLEN taking the price below 417p c ……..

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LSE:IQE IQE Close Mid-Price: 18.16 Percentage Change: -3.71% Day High: 18.6 Day Low: 18.1

In the event IQE experiences weakness below 18.1 it calculates with a dro ……..

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LSE:ITM ITM Power. Close Mid-Price: 97 Percentage Change: + 0.92% Day High: 99 Day Low: 94.68

In the event of ITM Power enjoying further trades beyond 99, the share sh ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 221.6 Percentage Change: + 8.26% Day High: 224.5 Day Low: 213.8

Target met. Further movement against Marks and Spencer ABOVE 224.5 should ……..

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LSE:NG. National Glib Close Mid-Price: 960 Percentage Change: -1.56% Day High: 974 Day Low: 954.4

If National Glib experiences continued weakness below 954.4, it will inva ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 2275 Percentage Change: -1.52% Day High: 2345 Day Low: 2265

Weakness on Oxford Instruments below 2265 will invariably lead to 2185p w ……..

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

eEnergy Plc (LSE:EAAS) sparking into life?

#Gold #Nasdaq  With the decision to bite the bullet and order some solar panels for our home here in Argyll, we decided to take a look at companies claiming to be at the forefront of the industry. To be upfront, we decided to eschew “help” for our own solar scheme, our south facing cottage probably capable of becoming quite self sustaining, our intention being to create something without interference from the national grid.

Our thinking is fairly simple. Currently, our electricity supplier is offering 5p per kw/hour as a refund for electricity fed back into the system. However, if we buy a kw/hour from them, it’s at 27p, obviously great for our electricity supplier but making less sense from the customers viewpoint. In our case, the intention is to employ storage batteries which will ensure we’ve ample power during the hours of darkness in our Scottish winters. We’re also a little spoiled with a stream running through the garden, one which is again about to start generating a small amount of power, due to version one of the design being washed out to sea! Eventually, by developing something in parallel with the existing electrical supply, we hope to be at the stage we’ve reached with the TV, a point when we can tell the BBC to cancel the licence as we’ve weaned ourselves off live TV.

In our case, we’re lucky with a family member who’s a fully fledged electrician and able to ensure compliance with safety regulations and standards. Whether the project is hydro or solar related, once you start making plans for heating systems and hot water supply, things risk becoming dangerous pretty quickly and beyond most DIY ambitions.

 

eEnergy have created a slick and informative website, aimed at assisting companies start their journey to “net zero” (whatever that actually is), while also offering their customers to chance to pocket a little loose change along the way. Broadly speaking, they’ve created something aimed at taking the hassle of doing the right thing away from the client, providing plenty of Case Studies which should assure prospective clients.

A share price now above 7p should now prove capable of triggering price recovery to an initial 9.1p with secondary, if exceeded, working out at 10.3p. Visually, the secondary is liable to prove quite important for the long term as it affords the price the chance of closing above the visual glass ceiling at 10p. This should be extremely significant for the future as closure above 10p takes the price into a zone where strong improvement to a future 22p works out as possible.

This is perhaps worth keeping an eye on.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:41:54PM BRENT 8598
9:44:57PM GOLD 1907.07 1902 1898 1869 1916 1912 1914 1918 1908 ‘cess
9:58:39PM FTSE 7515.1 ‘cess
10:00:42PM STOX50 4337
10:03:18PM GERMANY 15922.5
10:05:35PM US500 4491
10:08:01PM DOW 35298.5
10:10:58PM NASDAQ 15211 14954 14890 14783 15053 15212 15269 15374 15104 Shambles
10:15:47PM JAPAN 32300 Success

 

14/08/2023 FTSE Closed at 7507 points. Change of -0.23%. Total value traded through LSE was: £ 4,084,432,990 a change of -33.31%
11/08/2023 FTSE Closed at 7524 points. Change of -1.23%. Total value traded through LSE was: £ 6,124,601,431 a change of 49.97%
10/08/2023 FTSE Closed at 7618 points. Change of 0.41%. Total value traded through LSE was: £ 4,083,887,572 a change of -13.93%
9/08/2023 FTSE Closed at 7587 points. Change of 0.8%. Total value traded through LSE was: £ 4,744,774,883 a change of 3.35%
8/08/2023 FTSE Closed at 7527 points. Change of -0.36%. Total value traded through LSE was: £ 4,591,181,240 a change of 31.12%
7/08/2023 FTSE Closed at 7554 points. Change of -0.13%. Total value traded through LSE was: £ 3,501,608,401 a change of -4.09%
4/08/2023 FTSE Closed at 7564 points. Change of 0.46%. Total value traded through LSE was: £ 3,650,960,164 a change of -42.72%

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:BME B & M** **LSE:EMG MAN** **LSE:FRES Fresnillo** **LSE:MMAG Music Magpie** **LSE:NWG Natwest** **LSE:QED Quadrise** **LSE:TSCO Tesco** **

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Updated charts published on : B & M, MAN, Fresnillo, Music Magpie, Natwest, Quadrise, Tesco,

LSE:BME B & M. Close Mid-Price: 554 Percentage Change: + 3.01% Day High: 555.4 Day Low: 539.2

Above just 563 now looks capable of a lift to 588 next with secondary, if ……..

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LSE:EMG MAN. Close Mid-Price: 214.3 Percentage Change: + 0.05% Day High: 215.1 Day Low: 212.3

This is getting a little silly as below 212 indicates the potential for re ……..

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LSE:FRES Fresnillo Close Mid-Price: 525.4 Percentage Change: -2.81% Day High: 547.2 Day Low: 520.8

If Fresnillo experiences continued weakness below 520.8, it will invariab ……..

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LSE:MMAG Music Magpie Close Mid-Price: 18.75 Percentage Change: -1.32% Day High: 20.25 Day Low: 18.75

In the event of Music Magpie enjoying further trades beyond 20.25, the sh ……..

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LSE:NWG Natwest Close Mid-Price: 235.1 Percentage Change: -0.38% Day High: 236 Day Low: 234.3

Now below 231 threatens reversal to an initial 223 with secondary, if brok ……..

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LSE:QED Quadrise. Close Mid-Price: 1.21 Percentage Change: + 0.00% Day High: 1.25 Day Low: 1.24

Allegedly, above 1.27 should next trigger recovery to an initial 1.33 with ……..

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LSE:TSCO Tesco Close Mid-Price: 250.4 Percentage Change: -0.32% Day High: 251.1 Day Low: 248.8

Now getting dodgy, below 245 suggests the potential of coming weakness to ……..

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

Barclays Plc (LSE:BARC)  and a dandruff problem

#Brent #Stoxx50  Barclays look like they have developed a dandruff problem, along with an unfortunate liking for Lady GaGa. Or in plain English, movements over the last month are providing an excuse to take the reader “Back to School”, due to a plethora of what are supposed to be glaringly obvious chart signals which provide ‘safe’ short selling opportunities!

The “GaGa” thing is a confection of our own invention, one which seems almost unique to the UK markets. When a share suffers a Gap Up, followed by a Gap Down, a fairly reliable signal is being given which normally makes a reversal inevitable. We’ve circled a couple of movements on the chart below, along with a Red closing price trend line mapping the most recent uptrend. As shown, August commenced with Barclays share price being gapped below this closing price trend, thus creating a situation where share price reversal would normally be seen as inevitable. The two previous gaps (highlighted with little red triangles) during July have already inflicting their damage to the share price.

Next, there’s the Dandruff element. The share price produced what’s conventionally known as a “Head & Shoulders”, delineated on the chart below, complete with a pair of cartoon eyes to show the area designated as the head… Head & Shoulders formations, similar to the shampoo, work out some of the time.

When we combine a Trend Break, a GaGa, and a Head & Shoulders, the penny eventually drops this abundance of signals is perhaps suggesting the market REALLY wants Barclays share price to reverse. Historically, we deplore being spoon fed the obvious as sometimes it can feel like the market is playing an elaborate practical joke.

 

In the case of Barclays, if chasing a Short position, we can calculate the tightest “sane” stop loss level is at 154p for the following scenario. Weakness now below 143p risks triggering sharp reversal to an initial 127p with secondary, if broken, at 123p and hopefully a proper bounce.

Our alternate scenario, due to our dislike of the traffic jam of negative signals, suggests movement next above just 149p should propel the share up to an initial 157p with secondary, if bettered, at a game changing 166p, taking the price into a region where strong future price recovery can be expected. Conventionally we’d be happy studying just one of the warning signals given above but in this instance, it starts to feel like a politician piling up its excuses, prior to being found out. Time will tell.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
1:09:41AM BRENT 86.59 86.2 85.66 85.1 86.75 87.34 88.8 94.49 86.54
1:11:47AM GOLD 1913.24 1915
10:46:47PM FTSE 7532 7540
10:48:26PM STOX50 4326 4308 4275 4203 4355 4366 4396 4442 4307
10:50:14PM GERMANY 15849 15888
10:52:45PM US500 4466.8 4463
10:54:47PM DOW 35297 35234
10:57:30PM NASDAQ 15035.9 15104
10:59:32PM JAPAN 32473 32470

 

11/08/2023 FTSE Closed at 7524 points. Change of -1.23%. Total value traded through LSE was: £ 6,124,601,431 a change of 49.97%
10/08/2023 FTSE Closed at 7618 points. Change of 0.41%. Total value traded through LSE was: £ 4,083,887,572 a change of -13.93%
9/08/2023 FTSE Closed at 7587 points. Change of 0.8%. Total value traded through LSE was: £ 4,744,774,883 a change of 3.35%
8/08/2023 FTSE Closed at 7527 points. Change of -0.36%. Total value traded through LSE was: £ 4,591,181,240 a change of 31.12%
7/08/2023 FTSE Closed at 7554 points. Change of -0.13%. Total value traded through LSE was: £ 3,501,608,401 a change of -4.09%
4/08/2023 FTSE Closed at 7564 points. Change of 0.46%. Total value traded through LSE was: £ 3,650,960,164 a change of -42.72%
3/08/2023 FTSE Closed at 7529 points. Change of -0.42%. Total value traded through LSE was: £ 6,373,701,191 a change of 36.1%

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:BLOE Block Energy PLC** **LSE:CNA Centrica** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:GLEN Glencore Xstra** **LSE:OXIG Oxford Instruments** **LSE:STAN Standard Chartered** **

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Updated charts published on : Block Energy PLC, Centrica, EasyJet, Firstgroup, Glencore Xstra, Oxford Instruments, Standard Chartered,

LSE:BLOE Block Energy PLC Close Mid-Price: 1.07 Percentage Change: -4.44% Day High: 1.12 Day Low: 1.05

Block Energy is looking a bit grotty as below 1.05 threatens a visit down ……..

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LSE:CNA Centrica Close Mid-Price: 141.35 Percentage Change: -0.04% Day High: 141.7 Day Low: 139.8

All Centrica needs are mid-price trades ABOVE 141.7 to improve accelerati ……..

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LSE:EZJ EasyJet Close Mid-Price: 447.8 Percentage Change: -0.49% Day High: 451.2 Day Low: 445.3

This has spent the year parked but now, looks capable of providing some ac ……..

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LSE:FGP Firstgroup Close Mid-Price: 153.9 Percentage Change: -0.77% Day High: 155.6 Day Low: 148

In the event of Firstgroup enjoying further trades beyond 155.6, the shar ……..

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LSE:GLEN Glencore Xstra Close Mid-Price: 444.7 Percentage Change: -2.23% Day High: 450.55 Day Low: 442.45

Glencore are not enjoying a great year, their share price being pretty ran ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 2345 Percentage Change: -0.64% Day High: 2365 Day Low: 2335

Below 2270 now looks troubling, probably capable of pushing the price down ……..

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LSE:STAN Standard Chartered Close Mid-Price: 755 Percentage Change: -0.34% Day High: 760.8 Day Low: 750.6

This is crazy, the price steadily gaining since March but at a very slow r ……..

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

Our world famous FTSE for FRIDAY (FTSE:UKX)

#FTSE #BrentCrude  It looks like it isn’t just the markets where “The B Team” run things during August. Thursday had hot weather warnings, promising a clear, dry, sunny day. Of course it rained here in Argyll and elsewhere in the UK but, in fairness to the weather people, it wasn’t cold. In a similar fashion, the FTSE continues to behave with a lack of any real logic. During July, it often felt like the market was under instruction to revolve around the 7670 mark. And for August, this far it felt like 7560 was the desired pivot point for the month.

Of course, on Thursday, all bets were apparently off, the FTSE somehow managing to close the day at 7618 points. This might prove to be a simple human error, the team in charge of ensuring nothing actually happens making a little bit of a mistake. However, from mid-afternoon onward, the market had plenty of time to correct this faux pas yet didn’t, giving some hope the break upward may actually prove to be genuine.

 

Now above 7623 points has a fairly useful potential, suggesting coming useful gains to 7670 points (yes, last months pivot level) with our secondary, if beaten, calculating at a less likely future 7757 points. We’ve designated such an ambition as “less likely”, simply because it doesn’t make any visual sense and this sort of thing will often indicate turbulence between our initial target and any secondary hope. The tightest stop-loss looks fair at 7593 points! At least the Light Blue downtrend since 2018 appears to be no longer factoring in market movements, so hopefully we can safely delete it faster than a West Yorkshire Police tweet.

 

Our converse scenario for Friday risks triggering, should the market stumble below 7579 points as this risks promoting reversal to 7555 points initially with secondary, if broken, calculating at 7531 points and a probable bounce of some sort. Visually, reversal such as this will neatly tuck the FTSE back into its box, trading once again at the levels from the start of August.

Finally, on the bright side, it’s worth remembering we’re now only two weeks away from the next Grand Prix! 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
9:50:17PM BRENT 8614.3 8597 8526 8690 8787 8807 8693
9:52:29PM GOLD 1912.33 1911 1905 1917 1929 1932 1916
9:54:45PM FTSE 7586.5 7559 7536 7591 7622 7645 7572 ‘cess
9:58:08PM STOX50 4363.5 4337 4304.5 4402 4420 4365 Success
10:01:23PM GERMANY 15939 15831 15764 15930 16065 16140 15912 ‘cess
10:03:40PM US500 4470 4456 4435 4485 4485 4526 4465
10:15:31PM DOW 35185.5 35105 34908 35215 35578 35712 35300 Success
10:17:22PM NASDAQ 15147.5 15066 14974 15213 15370 15484 15227 Success
10:20:25PM JAPAN 32533 32483 32359 32611 32826 32918 32640 Success

 

10/08/2023 FTSE Closed at 7618 points. Change of 0.41%. Total value traded through LSE was: £ 4,083,887,572 a change of -13.93%
9/08/2023 FTSE Closed at 7587 points. Change of 0.8%. Total value traded through LSE was: £ 4,744,774,883 a change of 3.35%
8/08/2023 FTSE Closed at 7527 points. Change of -0.36%. Total value traded through LSE was: £ 4,591,181,240 a change of 31.12%
7/08/2023 FTSE Closed at 7554 points. Change of -0.13%. Total value traded through LSE was: £ 3,501,608,401 a change of -4.09%
4/08/2023 FTSE Closed at 7564 points. Change of 0.46%. Total value traded through LSE was: £ 3,650,960,164 a change of -42.72%
3/08/2023 FTSE Closed at 7529 points. Change of -0.42%. Total value traded through LSE was: £ 6,373,701,191 a change of 36.1%
2/08/2023 FTSE Closed at 7561 points. Change of -1.38%. Total value traded through LSE was: £ 4,683,211,781 a change of 12.76%

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:CNA Centrica** **LSE:CPI Capita** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:HIK Hikma** **LSE:IHG Intercontinental Hotels Group** **LSE:TLW Tullow** **

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Updated charts published on : Centrica, Capita, Fresnillo, Genel, Hikma, Intercontinental Hotels Group, Tullow,

LSE:CNA Centrica. Close Mid-Price: 141.4 Percentage Change: + 1.76% Day High: 140.9 Day Low: 139.2

Further movement against Centrica ABOVE 140.9 should improve acceleration ……..

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LSE:CPI Capita. Close Mid-Price: 20.3 Percentage Change: + 3.94% Day High: 20.38 Day Low: 19.13

Weakness on Capita below 19.13 will invariably lead to16p with secondary ……..

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LSE:FRES Fresnillo Close Mid-Price: 539.6 Percentage Change: -1.78% Day High: 558 Day Low: 534.8

In the event Fresnillo experiences weakness below 534.8 it calculates wit ……..

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LSE:GENL Genel Close Mid-Price: 84.2 Percentage Change: -5.07% Day High: 91 Day Low: 84.2

If Genel experiences continued weakness below 84.2, it will invariably le ……..

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LSE:HIK Hikma Close Mid-Price: 2200 Percentage Change: -0.23% Day High: 2222 Day Low: 2192

All Hikma needs are mid-price trades ABOVE 2222 to improve acceleration t ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 6044 Percentage Change: + 1.85% Day High: 6098 Day Low: 5976

Target met. Continued trades against IHG with a mid-price ABOVE 6098 shou ……..

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LSE:TLW Tullow. Close Mid-Price: 36.54 Percentage Change: + 0.38% Day High: 37.74 Day Low: 35.5

Further movement against Tullow ABOVE 37.74 should improve acceleration t ……..

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

HSBC Holdings Plc (LSE:HSBA), behaving like a bank…

#Gold #Japan  When we last reviewed HSBC back in January, we made the point the share price needed to close a session below 533p to utterly scupper our optimism for the future. The market opted to force incredulity to the limits, their share price closing at 534p toward the end of March. At least it indicated we’d been watching the correct trend, always something of a relief!

At present, HSBC are wandering in circles, essentially trapped at price levels seen before the pandemic and in common with many other UK based stocks, refusing to break free. Perhaps it is indeed the case, the UK needs act less in thrall to the USA and instead, work in its own best interests instead. This was an accusation recently made (privately) by a senior executive of HSBC in a personal capacity, after the UK banned Chinese telecoms company Huawei from taking part in the 5G mobile phone network build. Of course, with 40% of HSBC profits generated from Hong Kong and China, there is some justification in thinking “well, he would say that…”

 

Currently, we’re not very impressed with share price movements while the share slowly meanders toward the Blue downtrend on the chart, a line exerting a force since 2006. At time of writing, the implication is the share needs close a session above 694p to confirm the world has changed and some solid improvement should be anticipated. Such movement suggests triggering growth to an initial 759p with our secondary, if beaten, at a future 910p, along with almost certain hesitation.

Presently trading around 636p, HSBC needs below 619p to justify raised eyebrows as this risks triggering near term reversal to an initial 599p and probable bounce. However, in the event 599p breaks, any bounce is liable to prove short lived as a visit to our secondary at 562p looks perfectly viable. The 562p level is a real nuisance. Should it break, the share price can easily argue in favour of discovering 441p as a future bottom. However, for now, nothing is pointing at a reversal cycle. Instead, the pedantic behaviour of August markets is failing to provide any real guidance for the future.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:46:31PM BRENT 8720.3 ‘cess
9:51:19PM GOLD 1914.11 1914 1901 1872 1932 1932 1935 1942 1922 ‘cess
9:53:33PM FTSE 7595.1 ‘cess
9:56:09PM STOX50 4328.1
9:58:18PM GERMANY 15898.2 ‘cess
10:00:03PM US500 4474
10:02:56PM DOW 35191.5
10:12:08PM NASDAQ 15121.9 ‘cess
10:16:24PM JAPAN 32186 32060 31936 31736 32207 32408 32497 32643 32237

\

9/08/2023 FTSE Closed at 7587 points. Change of 0.8%. Total value traded through LSE was: £ 4,744,774,883 a change of 3.35%
8/08/2023 FTSE Closed at 7527 points. Change of -0.36%. Total value traded through LSE was: £ 4,591,181,240 a change of 31.12%
7/08/2023 FTSE Closed at 7554 points. Change of -0.13%. Total value traded through LSE was: £ 3,501,608,401 a change of -4.09%
4/08/2023 FTSE Closed at 7564 points. Change of 0.46%. Total value traded through LSE was: £ 3,650,960,164 a change of -42.72%
3/08/2023 FTSE Closed at 7529 points. Change of -0.42%. Total value traded through LSE was: £ 6,373,701,191 a change of 36.1%
2/08/2023 FTSE Closed at 7561 points. Change of -1.38%. Total value traded through LSE was: £ 4,683,211,781 a change of 12.76%
1/08/2023 FTSE Closed at 7667 points. Change of -0.42%. Total value traded through LSE was: £ 4,153,367,086 a change of -3.72%

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:FGP Firstgroup** **LSE:GENL Genel** **LSE:HIK Hikma** **LSE:IPF International Personal Finance** **LSE:TERN Tern Plc** **LSE:TLW Tullow** **

********

Updated charts published on : Firstgroup, Genel, Hikma, International Personal Finance, Tern Plc, Tullow,

LSE:FGP Firstgroup. Close Mid-Price: 153.8 Percentage Change: + 2.12% Day High: 154.9 Day Low: 147.4

Further movement against Firstgroup ABOVE 154.9 should improve accelerati ……..

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LSE:GENL Genel. Close Mid-Price: 88.7 Percentage Change: + 1.95% Day High: 91 Day Low: 85

In the event Genel experiences weakness below 85 it calculates with a dro ……..

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LSE:HIK Hikma. Close Mid-Price: 2205 Percentage Change: + 0.50% Day High: 2212 Day Low: 2173

Further movement against Hikma ABOVE 2212 should improve acceleration tow ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 127.5 Percentage Change: + 2.00% Day High: 129.5 Day Low: 124

Target met. Further movement against International Personal Finance ABOVE ……..

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LSE:TERN Tern Plc Close Mid-Price: 5.25 Percentage Change: -8.70% Day High: 6.1 Day Low: 5.25

Continued weakness against TERN taking the price below 5.25 calculates as ……..

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LSE:TLW Tullow. Close Mid-Price: 36.4 Percentage Change: + 4.00% Day High: 36.5 Day Low: 34.86

Continued trades against TLW with a mid-price ABOVE 36.5 should improve t ……..

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

Gulf Keystone Petroleum Ltd (LSE:GKP), looking a bit risky

#FTSE #WallSt   The term “getting cancelled” is thought to be very recent but, we suspect the methodology was first embraced by a small group of internet people, collectively known as the ‘GKP Gestapo’. They had a problem with anyone daring to write logically about the share, using their ‘offended gang’ to create an email/social media campaign against both the unfortunate journalist and also, the publication editor. This woefully stupid stance had a consequence; for quite a while no-one wrote about Gulf Keystone as the hassle wasn’t worth it. Yet their share price continued to fall. There are currently investors who need GKP above 45,000p to break even, thanks to these pound shop “promoters” actively silencing common sense. Currently, it’s trading around 92p!

Obviously, we’ve a personal axe to grind, often due to spending hours running analysis and producing 500+ words on potential GKP future prices, only to find hesitation against publication for fear of rocking the boat. Amusingly, the method used by the self appointed defenders of ‘Gulfy’ remains in use today by those groups anxious to find offence. Whether the subject is Climate Change, Gender, Cryptocurrency,  Trump, or pineapple on pizza, the moment personal attacks are employed, it has become easier to believe the other side.

Rather than provide rebuttal against any facts, instead they attack a writer on a personal basis and hope the mud sticks. Currently, there’s an American guy called “Jim Cramer” on CNBC who constantly appears to be the subject of ridicule via Reddit and Twitter. While we’ve scant knowledge of his broadcasts, the attacks against him appear based entirely on his personality, rather than anything of substance. We can only assume at some stage he ran afoul of the agenda from a group of chatroom experts, folk now determined to “cancel” him.

As for Gulf Keystone currently, things don’t look very useful.

The immediate situation suggests below 81p risks triggering reversal to an initial 63p, a price level which hopefully shall prove capable of a bounce, if only due to historical price movements. Below 63p risks being ridiculous, calculating with the threat of an ultimate bottom down at 20p, this being a level below which we cannot calculate.

There is a slight hope for a panic bounce anytime soon, if only due to the truly awful drop potentials. Currently, their share price needs exceed Blue (141p) and hopefully do something convincing. This works out as capable of triggering price recovery to 190p eventually. Our long term secondary, should this target level be exceeded, calculates at a future 270p

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
11:20:56PM BRENT 8594.4 Success
11:24:11PM GOLD 1924.65 ‘cess
11:26:57PM FTSE 7542.1 7486 7453 7414 7522 7570 7585 7618 7532 ‘cess
11:29:25PM STOX50 4310.8 Success
11:32:13PM GERMANY 15828.5 ‘cess
11:34:10PM US500 4497.9 ‘cess
11:36:12PM DOW 35291.2 35002 34909 34712 35170 35438 35467 35622 35348
11:42:23PM NASDAQ 15268 Success
11:45:18PM JAPAN 32269

 

8/08/2023 FTSE Closed at 7527 points. Change of -0.36%. Total value traded through LSE was: £ 4,591,181,240 a change of 31.12%
7/08/2023 FTSE Closed at 7554 points. Change of -0.13%. Total value traded through LSE was: £ 3,501,608,401 a change of -4.09%
4/08/2023 FTSE Closed at 7564 points. Change of 0.46%. Total value traded through LSE was: £ 3,650,960,164 a change of -42.72%
3/08/2023 FTSE Closed at 7529 points. Change of -0.42%. Total value traded through LSE was: £ 6,373,701,191 a change of 36.1%
2/08/2023 FTSE Closed at 7561 points. Change of -1.38%. Total value traded through LSE was: £ 4,683,211,781 a change of 12.76%
1/08/2023 FTSE Closed at 7667 points. Change of -0.42%. Total value traded through LSE was: £ 4,153,367,086 a change of -3.72%
31/07/2023 FTSE Closed at 7699 points. Change of 0.06%. Total value traded through LSE was: £ 4,313,676,670 a change of -54.58%

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:CPI Capita** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:HIK Hikma** **LSE:IHG Intercontinental Hotels Group** **LSE:NG. National Glib** **LSE:TERN Tern Plc** **

********

Updated charts published on : Capita, Fresnillo, Genel, Gulf Keystone, Hikma, Intercontinental Hotels Group, National Glib, Tern Plc,

LSE:CPI Capita Close Mid-Price: 19.94 Percentage Change: -1.97% Day High: 20.54 Day Low: 19.56

Target met. If Capita experiences continued weakness below 19.56, it will ……..

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LSE:FRES Fresnillo Close Mid-Price: 544.2 Percentage Change: -3.37% Day High: 564.2 Day Low: 545

Weakness on Fresnillo below 545 will invariably lead to 518p with seconda ……..

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LSE:GENL Genel Close Mid-Price: 87 Percentage Change: -5.43% Day High: 92 Day Low: 86

Target met. Weakness on Genel below 86 will invariably lead to 89 with se ……..

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LSE:GKP Gulf Keystone Close Mid-Price: 92.25 Percentage Change: -18.07% Day High: 112 Day Low: 81.7

Target met. Continued weakness against GKP taking the price below 81.7 ca ……..

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LSE:HIK Hikma. Close Mid-Price: 2194 Percentage Change: + 2.09% Day High: 2191 Day Low: 2152

Continued trades against HIK with a mid-price ABOVE 2191 should improve t ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5790 Percentage Change: + 2.33% Day High: 5800 Day Low: 5664

In the event of Intercontinental Hotels Group enjoying further trades bey ……..

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LSE:NG. National Glib. Close Mid-Price: 975.8 Percentage Change: + 1.08% Day High: 980.4 Day Low: 961.6

In the event National Glib experiences weakness below 961.6 it calculates ……..

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LSE:TERN Tern Plc Close Mid-Price: 5.75 Percentage Change: -12.08% Day High: 6.75 Day Low: 5.35

Weakness on Tern Plc below 5.35 will invariably lead to 3p with secondary ……..

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

Rentokil Initial Plc (LSE:RTO) looks positive 

#Brent #SP500 Given our cottage dates back to 1832, it should come as no surprise we’ve a traditional boiler room, the final resting place of items which fall into the “that’ll be useful one day” category. Over the years, the actual boiler has gotten smaller and smaller with the current super economical oil boiler being smaller than a bedside table. Unfortunately, a side effect of this boiler shrinkage has been to allow more room to store junk, unfinished cans of paint, old motorcycle crash helmets, even bath towels which were deemed unfashionable. And of course, there’s the time my wife discovered big vacuum clothing bags which shrink down to satisfy any naive belief waistlines shall someday retreat to those of 30+ years ago.

As we’d been considering an air-pump heating system*** which would ensue the oil fired boiler being removed, my wife decided it was time to give the boiler room a complete clear out as she was obviously salivating at the prospect of even more room to indulge her secret habit of hoarding.  After an hour or so, she yelled for attention. Her colourful crash helmet, sitting unused on a shelf for 10 years, was thrust toward me, the interior torn and the padding shredded. It appeared a mouse had discovered the ideal materials to build a nest, my wife utterly furious. Disregarding the fact a motorcycle helmet shouldn’t be used beyond 5 years, I’d never quite appreciated how proud she’d been of it. Once she bought a “proper” motorcycle, I was to learn choosing a helmet with a woman was every bit as painful as going shoe shopping. Once comfort had been established, the look and paintwork of a helmet was crucial. My own choice had always been a simple white helmet as the only thing which mattered, after safety and features, was the level of comfort!

It appeared a mouse had just murdered her memories of lapping Donnington Park, Nurburgring, Knockhill, the time we toured Europe, every annual ‘race’ around Scotlands coast, or the voluntary advanced training we gave other motorcyclists on Wednesday evenings. After a mouse free period of many years, it was clearly time to once again enrich Rentokil by ordering their range of deadly solutions for a mouse problem. With exquisite timing, we’d noticed just a few days ago, Rentokil had increased their dividend this year.

When we reviewed Rentokil last October, we’d given a target ambition at 658p, something achieved in June this year but critically, the share price has not yet managed to actually close a session above 658p. We regard this as an important trigger level for the future with closure above this point or, intraday trades above the recent high at 664p being capable of travel up to an initial  trading 693p with secondary, if exceeded, at an impressive future 727p and another new all time high. Importantly, despite the share exceeding our 658 target on several occasions, the chart shows the share as stalling at current levels while it matches the highs from 2021 and only when solid confirmation of this glass ceiling being exceeded shall we feel comfortable believing a visit to 727p has become viable.

If things intend go a little bit wrong for Rentokil, below 584p looks problematic, potentially triggering reversal to 553 initially with secondary, if broken, down at 516p and hopefully yet another bounce.

 

*** Now we’ve read about air-pump heating, all plans were cancelled, the concept impractical due to winter temperatures here in Argyll. Instead, I’m to rebuild my hydro-electric system but this time, make a greater allowance for excessive water flow!

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:54:54PM BRENT 8569 8490 8455 8389 8550 8603 8617 8663 8563
9:57:21PM GOLD 1936.03
9:59:18PM FTSE 7568.2
10:01:21PM STOX50 4350.6
10:19:43PM GERMANY 15991
10:21:49PM US500 4520.1 4484 4471 4454 4502 4522 4540 4562 4505
10:24:01PM DOW 35477.5
10:26:05PM NASDAQ 15409.9
10:28:26PM JAPAN 32424 Success

 

7/08/2023 FTSE Closed at 7554 points. Change of -0.13%. Total value traded through LSE was: £ 3,501,608,401 a change of -4.09%
4/08/2023 FTSE Closed at 7564 points. Change of 0.46%. Total value traded through LSE was: £ 3,650,960,164 a change of -42.72%
3/08/2023 FTSE Closed at 7529 points. Change of -0.42%. Total value traded through LSE was: £ 6,373,701,191 a change of 36.1%
2/08/2023 FTSE Closed at 7561 points. Change of -1.38%. Total value traded through LSE was: £ 4,683,211,781 a change of 12.76%
1/08/2023 FTSE Closed at 7667 points. Change of -0.42%. Total value traded through LSE was: £ 4,153,367,086 a change of -3.72%
31/07/2023 FTSE Closed at 7699 points. Change of 0.06%. Total value traded through LSE was: £ 4,313,676,670 a change of -54.58%
28/07/2023 FTSE Closed at 7694 points. Change of 0.03%. Total value traded through LSE was: £ 9,496,592,538 a change of 26.18%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:CASP Caspian** **LSE:CPI Capita** **LSE:GENL Genel** **LSE:IPF International Personal Finance** **LSE:NG. National Glib** **LSE:RR. Rolls Royce** **

********

Updated charts published on : Caspian, Capita, Genel, International Personal Finance, National Glib, Rolls Royce,

LSE:CASP Caspian Close Mid-Price: 2.9 Percentage Change: -4.92% Day High: 3.05 Day Low: 2.85

Weakness on Caspian below 2.85 will invariably lead to 2.2 with secondary ……..

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LSE:CPI Capita Close Mid-Price: 20.34 Percentage Change: -7.29% Day High: 22.9 Day Low: 20.22

Continued weakness against CPI taking the price below 20.22 calculates as ……..

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LSE:GENL Genel Close Mid-Price: 92 Percentage Change: -1.81% Day High: 94 Day Low: 91.5

Continued weakness against GENL taking the price below 91.5 calculates as ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 126 Percentage Change: + 0.40% Day High: 127.5 Day Low: 123

In the event of International Personal Finance enjoying further trades be ……..

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LSE:NG. National Glib Close Mid-Price: 965.4 Percentage Change: -1.45% Day High: 978.8 Day Low: 963

Continued weakness against NG. taking the price below 963 calculates as l ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 209.5 Percentage Change: + 1.45% Day High: 211.2 Day Low: 205.2

Target met. Continued trades against RR. with a mid-price ABOVE 211.2 sho ……..

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