Author: T&T Staff

#Brent_Futures #Dax Every now and then, something good happens. It can be as simple as making “the perfect coffee”, a rare moment in time when the combination of ingredients was ideal and producing that 1 in 1000 cuppa.  But for someone with a little tractor,  fitting the grass cutting attachment the day before a frost dusted the lawn was my own perfect moment. Finally the green stuff would be neatly cut for the coming winter but of course, the trees dumped several tons of leaves on the garden shortly thereafter!

For years, I’d tried to give the sodding grass a “final” cut and for years, the weather always looked at my efforts and sniggers, choosing to spend the next three weeks raining with moderate temperatures, encouraging the grass to grow again. But this year, I got it, the cutting set at level 10 as it scoured the grass, spitting the mulched greenery out faster than a Metropolitan policeman chasing an excuse to do nothing.

 

Lloyds continue to avoid giving investors anything approaching “a perfect moment”, their share price breaking our previous 40.1p target level, eventually bouncing unconvincingly from 39.5p. Currently, any bounce needs reach a little higher as it looks like the share now needs above 42.5p to hopefully trigger recovery to a tame 43.3p with our secondary, if this level is exceeded, calculating at 45p. The visuals certainly support a visit to the 45p level but with closure around such a point, something significant is possible as the price will exceed the downtrend for 2023, dumping the price in a zone where a future attraction from 51.2p allegedly becomes possible.

It’s still the case we hope for the day when the market opts to gap this share price above a downtrend as this should send a pretty solid message of future gains being anticipated. But for now, this share price appears destined to spend time fluttering around in the range from 40 to 50p.

 

Our alternate scenario is now the risk of weakness below 40p bringing the price back down to an initial 38.8 with secondary, if broken, at 35.5p, a price level from which a bounce would be ideal. There’s a further danger should 35.5p as our “ultimate bottom” for Lloyds now calculates at 28.75p, this being the price level below which we cannot calculate.

 

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
9:46:41PM	BRENT	8141	7948	7802	7313	8174	8184	8284	8413	8109
9:49:08PM	GOLD	1937								1943
10:02:23PM	FTSE	7402								7386
10:07:55PM	STOX50	4230.3								4194
10:09:58PM	GERMANY	15325.9	15171	15128	15047	15262	15336	15373	15440	15265
10:11:47PM	US500	4408								4384
10:13:27PM	DOW	34225.5								34135
10:16:52PM	NASDAQ	15511.6								15435
10:19:42PM	JAPAN	32811								32801

10/11/2023 FTSE Closed at 7360 points. Change of -1.27%. Total value traded through LSE was: £ 5,005,893,152 a change of 2.35%

9/11/2023 FTSE Closed at 7455 points. Change of 0.73%. Total value traded through LSE was: £ 4,890,859,412 a change of -30.52%

8/11/2023 FTSE Closed at 7401 points. Change of -0.12%. Total value traded through LSE was: £ 7,039,129,505 a change of 60.87%

7/11/2023 FTSE Closed at 7410 points. Change of -0.09%. Total value traded through LSE was: £ 4,375,663,657 a change of 7.72%

6/11/2023 FTSE Closed at 7417 points. Change of 0%. Total value traded through LSE was: £ 4,062,204,136 a change of -15.12%

3/11/2023 FTSE Closed at 7417 points. Change of -0.39%. Total value traded through LSE was: £ 4,785,653,725 a change of -23.42%

2/11/2023 FTSE Closed at 7446 points. Change of 1.42%. Total value traded through LSE was: £ 6,249,429,649 a change of 34.92%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AAL Anglo American** **LSE:AZN Astrazeneca** **LSE:DGE Diageo** **LSE:FGP Firstgroup** **LSE:ITM ITM Power** **LSE:ITV ITV** **

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Updated charts published on : Anglo American, Astrazeneca, Diageo, Firstgroup, ITM Power, ITV,

LSE:AAL Anglo American Close Mid-Price: 2018.5 Percentage Change: -2.77% Day High: 2055.5 Day Low: 1982

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LSE:AZN Astrazeneca Close Mid-Price: 10090 Percentage Change: -3.32% Day High: 10404 Day Low: 10028

Target met. In the event Astrazeneca experiences weakness below 10028 it ……..

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LSE:DGE Diageo Close Mid-Price: 2850 Percentage Change: -12.17% Day High: 2998.5 Day Low: 2719

Target met. If Diageo experiences continued weakness below 2719, it will ……..

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LSE:FGP Firstgroup Close Mid-Price: 165 Percentage Change: -0.24% Day High: 166 Day Low: 163.2

Further movement against Firstgroup ABOVE 166 should improve acceleration ……..

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LSE:ITM ITM Power Close Mid-Price: 57.56 Percentage Change: -6.95% Day High: 62.22 Day Low: 56.7

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LSE:ITV ITV Close Mid-Price: 59.72 Percentage Change: -3.37% Day High: 61.1 Day Low: 59.52

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

#FTSE #Gold A story in the FT worth paying attention to was the news corporate bankruptcies in the US are expected to reach their highest level since 2010, while in the UK and Europe, things have already hit the fan with insolvencies at a record high for the period since 2009. Unsurprisingly, the problem is being blamed on interest rates and over the next few years, things are not expected to improve.

Surely this issue is liable to effect the markets, both with an increased loss of confidence in “things” along with increased unemployment as companies eat themselves alive, trying to cope with the affect of predatory interest rates. This is almost certainly due to governments proving sufficiently gullible to believe central banks, telling them interest rates deal with inflation. The concept of banks controlling what’s best for banks is something which truly escapes us, more dangerous than the police investigating themselves or politicians doing similar. Perhaps, if reviewing bank profits, the true beneficiaries of bank interest rates become obvious. After all, while it has become fashionable to shave the preface “bank” away from the term interest rates, the harsh reality of the damage being done is shown by the increase in business bankruptcy, along with the increase in the bottom line for banks. Or in plain English, we’re not hopeful at what the markets hold for 2024, due to an excess number of shares hitting reversal triggers.

Who knows, maybe Santa will bring some relief…

 

Our inclination is to take the circled area on the chart as an ‘early warning signal’ for trouble ahead, essentially expecting any future break below Red to provoke sharp and severe reversals. Currently, this level is at 7368.873 points, a number and trend confirmed by the FTSE low on Thursday at 7367.21 points. But for now, it looks like Friday is supposed to be a day with some further recovery on the FTSE.

Now above just 7466 points (it closed Thursday at 7455) allows for market gains continuing to an initial 7500 points, doubtless with some inevitable hesitation as traders assume any nice solid number like 7500 shall be imbued with mystical properties. Our secondary, should such a level be exceeded, calculates up at 7550 points and very probable real hesitation. If triggered, our tightest stop is at 7407 points but, to be fair, it’s possible 7422 shall suffice.

 

Our alternate scenario, if a tumble into a pool of sharks is planned, allows weakness below 7422 to bring a visit down to an initial 7399 points with our secondary, if broken, at 7347 and no certainty of a rebound as the index shall find itself with a toe in the pool full of sharks!

 

Despite the entertainment emptiness, facing a weekend without Formula 1, have a good break. Here, we’ve noticed road gritters out tonight, covering local roads TWICE. Maybe the grass is indeed at the end of the cutting season, depriving the need to spend time on my little red, single seater, tractor.

 

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:58:54PM	BRENT	79.8	79.27	78.14		80.28	81.69	82.42		80.6
10:02:07PM	GOLD	1957.42	1944	1926		1965	1968	1975		1948	Success
10:04:26PM	FTSE	7429	7365	7349		7418	7465	7482		7418	Shambles
10:06:36PM	STOX50	4210.3	4171	4148		4159	4235	4247		4200	‘cess
10:15:55PM	GERMANY	15284	15195	15137		15256	15343	15375		15264	Success
10:18:01PM	US500	4350	4343	4327		4364	4399	4424		4359	‘cess
10:20:53PM	DOW	33915.7	33839	33779		34026	34223	34256		34078	‘cess
10:25:08PM	NASDAQ	15192	15220	15132		15285	15356	15410		15274	Shambles
10:27:01PM	JAPAN	32523	32497	32345		32736	32879	32965		32645

 

9/11/2023 FTSE Closed at 7455 points. Change of 0.73%. Total value traded through LSE was: £ 4,890,859,412 a change of -30.52%

8/11/2023 FTSE Closed at 7401 points. Change of -0.12%. Total value traded through LSE was: £ 7,039,129,505 a change of 60.87%

7/11/2023 FTSE Closed at 7410 points. Change of -0.09%. Total value traded through LSE was: £ 4,375,663,657 a change of 7.72%

6/11/2023 FTSE Closed at 7417 points. Change of 0%. Total value traded through LSE was: £ 4,062,204,136 a change of -15.12%

3/11/2023 FTSE Closed at 7417 points. Change of -0.39%. Total value traded through LSE was: £ 4,785,653,725 a change of -23.42%

2/11/2023 FTSE Closed at 7446 points. Change of 1.42%. Total value traded through LSE was: £ 6,249,429,649 a change of 34.92%

1/11/2023 FTSE Closed at 7342 points. Change of 0.29%. Total value traded through LSE was: £ 4,632,018,053 a change of -20.08%

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:BDEV Barrett Devs** **LSE:CPI Capita** **LSE:GRG Greggs** **LSE:IAG British Airways** **LSE:ITM ITM Power** **LSE:JET Just Eat** **LSE:SCLP Scancell** **LSE:SPT Spirent Comms** **

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Updated charts published on : Astrazeneca, Barrett Devs, Capita, Greggs, British Airways, ITM Power, Just Eat, Scancell, Spirent Comms,

LSE:AZN Astrazeneca. Close Mid-Price: 10436 Percentage Change: + 2.62% Day High: 10600 Day Low: 10274

Further movement against Astrazeneca ABOVE 10600 should improve accelerat ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 457.4 Percentage Change: + 2.01% Day High: 458 Day Low: 446.2

Target met. In the event of Barrett Devs enjoying further trades beyond 4 ……..

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LSE:CPI Capita. Close Mid-Price: 18.32 Percentage Change: + 2.23% Day High: 18.49 Day Low: 17.85

In the event of Capita enjoying further trades beyond 18.49, the share sh ……..

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LSE:GRG Greggs. Close Mid-Price: 2546 Percentage Change: + 0.47% Day High: 2570 Day Low: 2520

All Greggs needs are mid-price trades ABOVE 2570 to improve acceleration ……..

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LSE:IAG British Airways. Close Mid-Price: 154.5 Percentage Change: + 1.15% Day High: 154.8 Day Low: 151.7

In the event of British Airways enjoying further trades beyond 154.8, th ……..

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LSE:ITM ITM Power Close Mid-Price: 61.86 Percentage Change: -0.19% Day High: 63 Day Low: 61

Weakness on ITM Power below 61 will invariably lead to 60p with secondary ……..

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LSE:JET Just Eat. Close Mid-Price: 1143 Percentage Change: + 2.51% Day High: 1147 Day Low: 1101

Target met. All Just Eat needs are mid-price trades ABOVE 1147 to improve ……..

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LSE:SCLP Scancell Close Mid-Price: 11.88 Percentage Change: -1.04% Day High: 12 Day Low: 11.5

If Scancell experiences continued weakness below 11.5, it will invariably ……..

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LSE:SPT Spirent Comms. Close Mid-Price: 104 Percentage Change: + 5.26% Day High: 104.5 Day Low: 99.5

Further movement against Spirent Comms ABOVE 104.5 should improve acceler ……..

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

GBP vs USD & Brent Crude  (FX:GBPUSD & CCOM:OILBRENT) When we previously reviewed the Pound / US Dollar relationship in September, we warned of the importance of a drop target at 1.2081. The chart inset below shows this was achieved on October 3rd, the pairing closing the session at 1.2076, a treacherous 5/10,000’s below our target and thus, one we’re inclined to ignore. Obviously, we can be accused of being a little hypocritical, choosing to ignore one of our targets being broken and we’d agree, especially as the bounce hasn’t yet confirmed “bottom” is in.

For “bottom” to be confirmed, the price needs exceed 1.2375 as this should provoke recovery to an initial 1.2575. Should such a level be beaten, our secondary calculation works out at 1.2905 and closure above such a point will suggest some strong recovery during the next year.

If things intend go wrong for the pairing, below 1.2123 risks triggering reversal down to an initial 1.1937 with our secondary, if broken, calculating down at 1.1501

Brent Crude The current reversal cycle on the price of Crude is really making us wait for the next contrived excuse to keep prices high. Will it be a Saudi refinery failing, Russia threatening some sort of embargo, or the US declaring reserves are dangerously low? We’re cynical but historically, there has been a certain link between falling prices and manufactured headlines, attempting to keep crude oil high. It appears the market has ideas of its own though, recent reversals placing the price of Brent in a place where there’s a strong visual argument implying more trouble.

Below just 79.18 should now trigger reversals to an initial 77.81 with secondary, if broken, at 72.36 and perhaps a bounce. However, we do need point out such a reversal cycle places the price of Brent in a zone, where a constant reversal cycle down to an eventual 57 dollars makes a lot of sense.

It will certainly be interesting, how long this weakness takes to translate into sane fuel prices?

 

Any serious attempt to escape the current reversal cycle needs the price of Brent to exceed 84.5 dollars to convince us. This risks triggering gains to an initial 88 with our secondary, if exceeded, an eventual 95 and some hesitation, due to the historical presence of prior highs.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:17:55PM	BRENT	7940
10:20:44PM	GOLD	1949.83	1947	1934	1909	1958	1958	1960	1964	1952	‘cess
10:29:52PM	FTSE	7381.2
10:43:48PM	STOX50	4174.3									Success
10:46:27PM	GERMANY	15203.8									Success
10:50:08PM	US500	4376.4
10:53:31PM	DOW	34102	33981	33882	33757	34105	34170	34201	34270	34088
10:59:35PM	NASDAQ	15285
11:02:31PM	JAPAN	32306									‘cess

 

8/11/2023 FTSE Closed at 7401 points. Change of -0.12%. Total value traded through LSE was: £ 7,039,129,505 a change of 60.87%

7/11/2023 FTSE Closed at 7410 points. Change of -0.09%. Total value traded through LSE was: £ 4,375,663,657 a change of 7.72%

6/11/2023 FTSE Closed at 7417 points. Change of 0%. Total value traded through LSE was: £ 4,062,204,136 a change of -15.12%

3/11/2023 FTSE Closed at 7417 points. Change of -0.39%. Total value traded through LSE was: £ 4,785,653,725 a change of -23.42%

2/11/2023 FTSE Closed at 7446 points. Change of 1.42%. Total value traded through LSE was: £ 6,249,429,649 a change of 34.92%

1/11/2023 FTSE Closed at 7342 points. Change of 0.29%. Total value traded through LSE was: £ 4,632,018,053 a change of -20.08%

31/10/2023 FTSE Closed at 7321 points. Change of -0.08%. Total value traded through LSE was: £ 5,795,517,732 a change of 15.68%

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

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

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

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

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

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

Click Epic to jump to share: LSE:ASC Asos** **LSE:GENL Genel** **LSE:GRG Greggs** **LSE:ITM ITM Power** **LSE:ITV ITV** **LSE:MKS Marks and Spencer** **LSE:RR. Rolls Royce** **LSE:SCLP Scancell** **LSE:TERN Tern Plc** **LSE:TRN The Trainline** **

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Updated charts published on : Asos, Genel, Greggs, ITM Power, ITV, Marks and Spencer, Rolls Royce, Scancell, Tern Plc, The Trainline,

LSE:ASC Asos Close Mid-Price: 391.8 Percentage Change: -1.53% Day High: 404.9 Day Low: 389.2

All Asos needs are mid-price trades ABOVE 404.9 to improve acceleration t ……..

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LSE:GENL Genel Close Mid-Price: 75.1 Percentage Change: -2.09% Day High: 77.3 Day Low: 74.4

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LSE:GRG Greggs. Close Mid-Price: 2534 Percentage Change: + 0.64% Day High: 2564 Day Low: 2484

In the event of Greggs enjoying further trades beyond 2564, the share sho ……..

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LSE:ITM ITM Power Close Mid-Price: 61.98 Percentage Change: -3.00% Day High: 64.74 Day Low: 62.02

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LSE:ITV ITV Close Mid-Price: 61.68 Percentage Change: -5.98% Day High: 62.46 Day Low: 60.9

Target met. Continued weakness against ITV taking the price below 60.9 ca ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 244.1 Percentage Change: + 8.39% Day High: 250.8 Day Low: 238.2

Continued trades against MKS with a mid-price ABOVE 250.8 should improve ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 232.4 Percentage Change: + 2.83% Day High: 236.7 Day Low: 227.7

Target met. Continued trades against RR. with a mid-price ABOVE 236.7 sho ……..

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LSE:SCLP Scancell Close Mid-Price: 12 Percentage Change: -2.04% Day High: 12.25 Day Low: 11.75

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LSE:TERN Tern Plc Close Mid-Price: 4.25 Percentage Change: -10.53% Day High: 4.5 Day Low: 3.75

Target met. If Tern Plc experiences continued weakness below 3.75, it wil ……..

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LSE:TRN The Trainline. Close Mid-Price: 291.2 Percentage Change: + 2.39% Day High: 299.8 Day Low: 278.4

All The Trainline needs are mid-price trades ABOVE 299.8 to improve accel ……..

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

#FTSE #Stoxx50 We’ve had a flurry of email requests and decided to bundle these two together as they are completely diverse. Chemring, a company which should flourish in an era of armed conflict and Eurobox, a company whose only area of conflict is with good taste. Their existence is based on the hideous modern design of warehouses, the big flat box design forgetting humans have to interact with the lack of visual aesthetics.

By all means, the interior shape should be logical but the exterior could reflect tasteful architecture rather than exhibit less design than an empty Amazon box. However, it’s easy to suspect we shall witness more of this abandonment of taste as the current demise of “WeWork” permeates, the move to working from home rendering city tower offices a thing of the past in an incredibly short period of time. But nothing is standing in the way of these flat pack office complexes, quickly thrown up in the suburbs.

 

There’s a particular type of price reversal we intensely dislike, often suspecting it’s to do with market manipulation rather than any solid excuse for reversal. Obviously, this is the UK and as such, such a scenario is impossible, but if it were to happen, Ebox presents a perfect “case in point”. Logically it shouldn’t have reached the 43p level recently but it did, thanks to what feels like a very obvious level of manual control. The 43p level has certainly provoked a half hearted bounce but the greater danger comes with any future break of 43p as further reversal to an ultimate bottom 34p is expected, along with another attempt at a rebound.

However, the lacklustre bounce from 43p does provide some immediate hope as above 51p now calculates with the potential of a lift to an initial 56p with our longer term secondary, if exceeded, coming in at a more useful 70p, along with some hesitation in any rise, if only due to the share price experiencing historical reticence at such a level. This time around, we’d suspect any stutters shall prove to be short lived as the price shall be viewed as breaking free from the downtrend since the start of 2022.

 

Chemring Group, doubtless doing well due to the wars taking place, have a website which is surely worth a visit. They are a company we’ve long known about, yet been unaware of the extent to their activities. They even make the countermeasure flares for F-35 aircraft, probably the most sophisticated fireworks on the planet. From a personal perspective, it’s nice how they reframe the word “explosive” as “energetic materials”, making me wonder if I could get away with describing one of my compressed air cola bottle targets as “an energetic material” when it detonates with a flurry of chalk powder going everywhere. Somehow, it’s doubtful my wife would accept the name change for the hysterical bang.

 

Their share price has proven quite tranquil during 2023. From looking at the pattern of price movement, it looks like the share need only exceed 299p to trigger fairly near term gains to an initial 325p with out longer term secondary, if exceeded, working out at a future 365p.

If everything intends go wrong, the share price requires to descend below 265p to potentially trigger reversal to an initial 235p with our secondary, if broken, calculating at an impossible looking 130p. Who knows, it may be the case military organisations are still using their stored “energetic materials” and fireworks, not yet in the position of re-ordering stocks for their warehouses?

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:21:52PM	BRENT	81.6									Success
9:25:25PM	GOLD	1969.29									Success
9:54:04PM	FTSE	7407	7394	7385	7368	7414	7438	7460	7482	7407
9:57:04PM	STOX50	4153	4133	4120	4095	4163	4168	4175	4189	4142	‘cess
10:03:51PM	GERMANY	15158									Shambles
10:06:21PM	US500	4383
10:08:38PM	DOW	34171.9
10:10:41PM	NASDAQ	15308									‘cess
10:13:26PM	JAPAN	32478									Success

 

7/11/2023 FTSE Closed at 7410 points. Change of -0.09%. Total value traded through LSE was: £ 4,375,663,657 a change of 7.72%

6/11/2023 FTSE Closed at 7417 points. Change of 0%. Total value traded through LSE was: £ 4,062,204,136 a change of -15.12%

3/11/2023 FTSE Closed at 7417 points. Change of -0.39%. Total value traded through LSE was: £ 4,785,653,725 a change of -23.42%

2/11/2023 FTSE Closed at 7446 points. Change of 1.42%. Total value traded through LSE was: £ 6,249,429,649 a change of 34.92%

1/11/2023 FTSE Closed at 7342 points. Change of 0.29%. Total value traded through LSE was: £ 4,632,018,053 a change of -20.08%

31/10/2023 FTSE Closed at 7321 points. Change of -0.08%. Total value traded through LSE was: £ 5,795,517,732 a change of 15.68%

30/10/2023 FTSE Closed at 7327 points. Change of 0.49%. Total value traded through LSE was: £ 5,010,011,648 a change of 25.72%

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:ASC Asos** **LSE:AZN Astrazeneca** **LSE:BDEV Barrett Devs** **LSE:CPI Capita** **LSE:QED Quadrise** **LSE:RR. Rolls Royce** **

********

Updated charts published on : Asos, Astrazeneca, Barrett Devs, Capita, Quadrise, Rolls Royce,

LSE:ASC Asos. Close Mid-Price: 397.9 Percentage Change: + 2.10% Day High: 403 Day Low: 386.3

In the event of Asos enjoying further trades beyond 403, the share should ……..

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LSE:AZN Astrazeneca Close Mid-Price: 10230 Percentage Change: -0.45% Day High: 10290 Day Low: 10146

Continued weakness against AZN taking the price below 10146 calculates as ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 449.7 Percentage Change: + 2.25% Day High: 453.8 Day Low: 437.9

Continued trades against BDEV with a mid-price ABOVE 453.8 should improve ……..

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LSE:CPI Capita. Close Mid-Price: 18.12 Percentage Change: + 0.89% Day High: 18.44 Day Low: 17.68

Continued trades against CPI with a mid-price ABOVE 18.44 should improve ……..

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LSE:QED Quadrise. Close Mid-Price: 1.34 Percentage Change: + 9.84% Day High: 1.4 Day Low: 1.24

Further movement against Quadrise ABOVE 1.4 should improve acceleration t ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 226 Percentage Change: + 0.85% Day High: 227.1 Day Low: 223.7

All Rolls Royce needs are mid-price trades ABOVE 227.1 to improve acceler ……..

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

#Gold #SP500 It’s been a year since we reviewed Harbour Energy, a year in which very little of significance has occurred with the share price. This, the largest independent UK oil company, appears capable of ignoring fluctuations in oil prices, the odd war, and shenanigans with Saudi Arabia trying to influence the price of oil. Instead, Harbour has been effectively becalmed.

Perhaps recent news of forthcoming changes in UK licence procedures shall finally provide the impetus for Harbour to do something useful. Apparently, they intend increase capital expenditure and with interests in the United Kingdom, Asia, Africa, and even Mexico, they’ve certainly spread their oily eggs among a lot of baskets and political regimes..

Presently trading around 239p, the share price needs below 229p to risk triggering some reversals to an initial 220p and hopefully a bounce as it once again challenges the level of prior lows. Our secondary, if broken, is at 203p and dangerous, placing the share price in a region where a cycle to an ultimate bottom of 95p could easily commence.

Any attempt to dig the share out of trouble requires the price to exceed Blue on the chart, presently around 259p, to hopefully trigger share price recovery toward an initial 287p with secondary, if exceeded, a longer term 306p.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:09:37PM	BRENT	85.08
10:25:53PM	GOLD	1978	1977	1972	1962	1984	1989	1992	1997	1981
10:27:59PM	FTSE	7425.5
10:30:02PM	STOX50	4159
10:32:41PM	GERMANY	15138.97									‘cess
10:35:55PM	US500	4366	4343	4333	4319	4370	4375	4505	4640	4347
10:40:14PM	DOW	34068
10:42:33PM	NASDAQ	15153.08
10:44:53PM	JAPAN	32595

 

6/11/2023 FTSE Closed at 7417 points. Change of 0%. Total value traded through LSE was: £ 4,062,204,136 a change of -15.12%

3/11/2023 FTSE Closed at 7417 points. Change of -0.39%. Total value traded through LSE was: £ 4,785,653,725 a change of -23.42%

2/11/2023 FTSE Closed at 7446 points. Change of 1.42%. Total value traded through LSE was: £ 6,249,429,649 a change of 34.92%

1/11/2023 FTSE Closed at 7342 points. Change of 0.29%. Total value traded through LSE was: £ 4,632,018,053 a change of -20.08%

31/10/2023 FTSE Closed at 7321 points. Change of -0.08%. Total value traded through LSE was: £ 5,795,517,732 a change of 15.68%

30/10/2023 FTSE Closed at 7327 points. Change of 0.49%. Total value traded through LSE was: £ 5,010,011,648 a change of 25.72%

27/10/2023 FTSE Closed at 7291 points. Change of -0.86%. Total value traded through LSE was: £ 3,985,095,310 a change of -23.59%

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

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

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

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

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

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

Click Epic to jump to share: LSE:ASC Asos** **LSE:BT.A British Telecom** **LSE:IAG British Airways** **LSE:OCDO Ocado Plc** **LSE:OPG OPG Power Ventures** **LSE:QED Quadrise** **LSE:RR. Rolls Royce** **

********

Updated charts published on : Asos, British Telecom, British Airways, Ocado Plc, OPG Power Ventures, Quadrise, Rolls Royce,

LSE:ASC Asos. Close Mid-Price: 389.7 Percentage Change: + 4.76% Day High: 393 Day Low: 364

Further movement against Asos ABOVE 393 should improve acceleration towar ……..

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LSE:BT.A British Telecom. Close Mid-Price: 124.2 Percentage Change: + 0.04% Day High: 125.15 Day Low: 123.15

All British Telecom needs are mid-price trades ABOVE 125.15 to improve ac ……..

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LSE:IAG British Airways Close Mid-Price: 149.3 Percentage Change: -0.76% Day High: 153 Day Low: 149.2

All British Airways needs are mid-price trades ABOVE 153 to improve acce ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 530 Percentage Change: -2.25% Day High: 573.6 Day Low: 532.6

Continued trades against OCDO with a mid-price ABOVE 573.6 should improve ……..

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LSE:OPG OPG Power Ventures. Close Mid-Price: 12.5 Percentage Change: + 14.68% Day High: 13.75 Day Low: 10.4

Target met. Continued trades against OPG with a mid-price ABOVE 13.75 sho ……..

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LSE:QED Quadrise. Close Mid-Price: 1.22 Percentage Change: + 6.09% Day High: 1.24 Day Low: 1.1

Above 1.24 calculates with the potential of a lift to 1.49 with secondary, ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 224.1 Percentage Change: + 1.45% Day High: 225.9 Day Low: 220.6

In the event of Rolls Royce enjoying further trades beyond 225.9, the sha ……..

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

#Brent #Dax When Bob Dylan wrote the line; “Speeding like a tumblin’ bullet through a hot New Jersey night.”, personally I thought it’s a bit daft as no sane person would shoot a gun without certainty of achieving target. We’ve a big rule locally; any animal on the shooting range makes it a no fire zone. It’s quite a bit deal, and sometimes disruptive due to red squirrel, deer, wood pigeon all finding it hilarious to parade in front of a frustrated shooter.  Using the gas powered rifle to assassinate a crow or fat pigeon is a big no no.  This is quite a big deal from a personal perspective, designed to keep the range safe and also, so assuage a personal hatred of needlessly killing animals.

Obviously, this personal hysteria dwindles when fishing, as locally, a fish called mackerel appear anxious to be caught. It’s genuinely not unusual to catch more than four of the things at a time but personally, taking more than 20 of the things home is silly as we run out of freezer space. But something funny happened in the garden this weekend while I was fussing with the little red tractor. A movement caught my eye as a large grey coloured rat emerged from below a log shelter.

For every rule, there are exceptions and it transpires rats are my own line in the sand. With indecent haste, after unlocking the gun cabinet, charging the rifle, loading a magazine, the transformation to sharp shooter was complete, sitting on the tractor while watching for the rat to make another appearance.

What the animal didn’t know was years of patience watching the UK’s retail bank sector had provided sufficient reserves of boredom, just waiting for something to happen. In the case of the garden rat, it remained out of sight but the camera which once scanned the front of the house now is positioned at the rear, my phone impatiently waiting for an alert from the movement sensor. Meanwhile, my wife bought some rat poison as she’s working on the basis I shall be too squeamish to pull the trigger, if the monster appears.

 

To get out of their immediate mess, Barclays share price needs close a session above 139p as this should rather neatly eradicate the reversal potentials. Closure above 139p should make surprise recovery to an initial 147p possible with secondary, if exceeded, at 161p and some probable hesitation, judging by the share price history at such a level. Future closure above 161p shall be viewed as quite a big deal, carrying an expectation of share price recovery to 181p and beyond. In the event the market discovers an excuse to gap Barclays up above Blue on the chart, this is almost certain to be a big deal for the longer term as it’s liable to be an early shot signalling proper price recovery.

 

Of course, we’ve an alternate argument, one which is quite painful. Movement now wandering below 129p risks promoting the concept of reversal to an initial 119p with secondary, if broken, at 116p. The proximity of these target levels tends suggest a share price bounce shall be possible, especially as any movement below 116p calculates with an eventual bottom potential at 100p.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
10:04:12PM	BRENT	8508	8438	8394	8273	8541	8675	8714	8806	8552
10:06:09PM	GOLD	1992.72
10:12:37PM	FTSE	7406.04
10:15:05PM	STOX50	4180.6
7:29:39PM	GERMANY	15199	15146	15105	15049	15215	15273	15364	15624	15146
7:36:39PM	US500	4360.53
7:40:43PM	DOW	34063
7:46:08PM	NASDAQ	15106
7:52:24PM	JAPAN	32738

 

3/11/2023 FTSE Closed at 7417 points. Change of -0.39%. Total value traded through LSE was: £ 4,785,653,725 a change of -23.42%

2/11/2023 FTSE Closed at 7446 points. Change of 1.42%. Total value traded through LSE was: £ 6,249,429,649 a change of 34.92%

1/11/2023 FTSE Closed at 7342 points. Change of 0.29%. Total value traded through LSE was: £ 4,632,018,053 a change of -20.08%

31/10/2023 FTSE Closed at 7321 points. Change of -0.08%. Total value traded through LSE was: £ 5,795,517,732 a change of 15.68%

30/10/2023 FTSE Closed at 7327 points. Change of 0.49%. Total value traded through LSE was: £ 5,010,011,648 a change of 25.72%

27/10/2023 FTSE Closed at 7291 points. Change of -0.86%. Total value traded through LSE was: £ 3,985,095,310 a change of -23.59%

26/10/2023 FTSE Closed at 7354 points. Change of -0.81%. Total value traded through LSE was: £ 5,215,729,676 a change of -2.48%

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:BDEV Barrett Devs** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CPI Capita** **LSE:FGP Firstgroup** **LSE:IAG British Airways** **LSE:OCDO Ocado Plc** **LSE:SPT Spirent Comms** **

********

Updated charts published on : Astrazeneca, Barrett Devs, British Telecom, Carclo, Capita, Firstgroup, British Airways, Ocado Plc, Spirent Comms,

LSE:AZN Astrazeneca Close Mid-Price: 10270 Percentage Change: -0.89% Day High: 10364 Day Low: 10162

If Astrazeneca experiences continued weakness below 10162, it will invari ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 442.4 Percentage Change: + 2.31% Day High: 447.4 Day Low: 431.4

All Barrett Devs needs are mid-price trades ABOVE 447.4 to improve accele ……..

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LSE:BT.A British Telecom. Close Mid-Price: 124.15 Percentage Change: + 5.70% Day High: 123.85 Day Low: 116.7

Continued trades against BT.A with a mid-price ABOVE 123.85 should improv ……..

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LSE:CAR Carclo Close Mid-Price: 10.15 Percentage Change: -0.98% Day High: 10.9 Day Low: 9.5

Weakness on Carclo below 9.5 will invariably lead to 9.25 with secondary, ……..

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LSE:CPI Capita. Close Mid-Price: 17.77 Percentage Change: + 3.01% Day High: 18.25 Day Low: 17

All Capita needs are mid-price trades ABOVE 18.25 to improve acceleration ……..

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LSE:FGP Firstgroup Close Mid-Price: 162.6 Percentage Change: -0.37% Day High: 164.4 Day Low: 160

Continued trades against FGP with a mid-price ABOVE 164.4 should improve ……..

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LSE:IAG British Airways. Close Mid-Price: 150.45 Percentage Change: + 1.86% Day High: 151.7 Day Low: 147.85

Further movement against British Airways ABOVE 151.7 should improve acce ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 542.2 Percentage Change: + 6.48% Day High: 571.4 Day Low: 508.2

In the event of Ocado Plc enjoying further trades beyond 571.4, the share ……..

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LSE:SPT Spirent Comms. Close Mid-Price: 100.9 Percentage Change: + 2.96% Day High: 102.1 Day Low: 98.05

Continued trades against SPT with a mid-price ABOVE 102.1 should improve ……..

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

#FTSE #GOLD We often comment about the markets sense of humour and in this instance, the FTSE has everyone laughing in the aisles. Last Friday, the FTSE made a movement which looked like the first shot in triggering a period of severe reversals with a drop target level around 7100 points. The reversal potentials were even confirmed as recently as Wednesday with the index closing the day at 7342 points, quite literally exactly the level of trend break.

This sort of thing, from our “charty” perspective, is quite a big deal. We always argue if a price closes a session above the level of trend break, in the immediate instance of the FTSE, the market wasn’t giving anything away until Thursday. Despite intraday values scurrying above the trend, we’ve learned to treat a break seriously until such time the market closes above the level of the break and in this instance, it was at 7342 points. As we mentioned, we regard the index as having a sense of humour, often suspecting intraday spikes are designed to confuse traders and in this case, “they” played a blinder. It for this reason we insist on playing safe with our demand to see a price CLOSE above certain levels, rather than blithely trust intraday traffic.

 

The foregoing suggests we should anticipate market gains for Friday, if only due to the FTSE undoing the damage from a week ago. We work on the basis we’re not the only folk with a drawer of Red crayons and it’s likely some optimism will enter the day. If anyone is feeling nervous, we’re happy to supply some “Lucky White Heather” as this year, our garden has produced indecent amounts of the stuff. Though we suspect it’s probably got more to do with the incessant rain here in Argyll… Perhaps also, the fact a personal issue with insect bites ensured the bush beds in the garden were assiduously avoided this year from June onward, the risk of sepsis being a very real issue if further numbers of insects chose to dine on this writers very desirable blood. While this has created an “out of control” visual, a brutal add-on to the garden strimmer is about to resolve the issue and thankfully, we’ve got the sea outside in which to dump plant debris.

In the event the FTSE exceeds 7474 points, ideally NOT with a spike upward in the opening second of trade, it’s liable to trigger market gains in the direction of an initial 7514 points. Should such a level be exceeded, our secondary works out at 7576 points. In a normal situation, we’d be quite reticent about this secondary ambition as the FTSE tends not to be a market which gifts back to back 100+ point days but in this instance, we’ll dispense with our usual cautionary statements, instead hoping for the best. Unfortunately, if positive movement does trigger, the tightest safe stop loss level is quite silly, down at 7360 points. There’s a chance below 7380 will give early warning of things going utterly wrong but, with the level of gains available, ‘with great reward comes great risk’, to paraphrase Spiderman.

 

Below 7360 would certainly be troubling, risking triggering reversal down to an initial 7262 with secondary, if broken, now calculating at 7102 points. Visually this scenario appears unlikely but, as the Covid-19 enquiry is showing, things are rarely what they seem.

 

Have a good weekend and hopefully the Brazil Grand Prix turns out to be a good one.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
8:52:42PM	BRENT	8665	8447	8409		8554	8689	8722		8648	‘cess
8:55:54PM	GOLD	1985.2	1976	1969		1982	1992	1996		1985
8:58:48PM	FTSE	7467.8	7374	7333		7400	7474	7506		7434	Success
9:00:59PM	STOX50	4187	4114	4082		4131	4190	4204		4160
9:09:14PM	GERMANY	15219.4	15122	15093		15192	15228	15263		15124	Success
9:12:41PM	US500	4314.3	4244	4211		4265	4321	4355		4291	Success
9:15:17PM	DOW	33839	33285	33173		33401	33868	33947		33603	Success
9:18:28PM	NASDAQ	14890.9	14706	14683		14783	14941	15112		14836	‘cess
9:21:42PM	JAPAN	32321	31829	31698		31989	32361	32645		32115

2/11/2023 FTSE Closed at 7446 points. Change of 1.42%. Total value traded through LSE was: £ 6,249,429,649 a change of 34.92%

1/11/2023 FTSE Closed at 7342 points. Change of 0.29%. Total value traded through LSE was: £ 4,632,018,053 a change of -20.08%

31/10/2023 FTSE Closed at 7321 points. Change of -0.08%. Total value traded through LSE was: £ 5,795,517,732 a change of 15.68%

30/10/2023 FTSE Closed at 7327 points. Change of 0.49%. Total value traded through LSE was: £ 5,010,011,648 a change of 25.72%

27/10/2023 FTSE Closed at 7291 points. Change of -0.86%. Total value traded through LSE was: £ 3,985,095,310 a change of -23.59%

26/10/2023 FTSE Closed at 7354 points. Change of -0.81%. Total value traded through LSE was: £ 5,215,729,676 a change of -2.48%

25/10/2023 FTSE Closed at 7414 points. Change of 0.34%. Total value traded through LSE was: £ 5,348,410,782 a change of 19.98%

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:CPI Capita** **LSE:FGP Firstgroup** **LSE:IAG British Airways** **LSE:RR. Rolls Royce** **LSE:SCLP Scancell** **LSE:TRN The Trainline** **

********

Updated charts published on : Capita, Firstgroup, British Airways, Rolls Royce, Scancell, The Trainline,

LSE:CPI Capita. Close Mid-Price: 17.25 Percentage Change: + 2.01% Day High: 17.44 Day Low: 16.58

Further movement against Capita ABOVE 17.44 should improve acceleration t ……..

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LSE:FGP Firstgroup. Close Mid-Price: 163.2 Percentage Change: + 1.56% Day High: 162.3 Day Low: 158.6

Target met. All Firstgroup needs are mid-price trades ABOVE 162.3 to impr ……..

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LSE:IAG British Airways. Close Mid-Price: 147.7 Percentage Change: + 2.04% Day High: 149.85 Day Low: 145.85

Continued trades against IAG with a mid-price ABOVE 149.85 should improve ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 223.6 Percentage Change: + 1.50% Day High: 225.6 Day Low: 221.5

Further movement against Rolls Royce ABOVE 225.6 should improve accelerat ……..

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LSE:SCLP Scancell Close Mid-Price: 12.25 Percentage Change: -1.01% Day High: 12.38 Day Low: 12.12

Continued weakness against SCLP taking the price below 12.12 calculates a ……..

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LSE:TRN The Trainline. Close Mid-Price: 284.2 Percentage Change: + 8.14% Day High: 296 Day Low: 264

Target met. Continued trades against TRN with a mid-price ABOVE 296 shoul ……..

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