Author: T&T Staff

#FTSE #Nasdaq  With the so called “Cost of Living Crisis”, more than a touch of suspicion has been cast in the direction of various corporate bodies such as BP, Shell, the UK Govt, and of course, the supermarkets. The recent admission of supermarkets being deliberately tardy in reducing fuel prices struck a chord, especially as prices here in our bit of Argyll allow drivers to come across on one of the UK’s most expensive ferry crossings, fill their car, and return home, a day out in the mountains proving cheaper than filling up at a mainland supermarket.

BP used to be masters in the art of windfall profits. Back in the dark ages, we’d be careful to order fuel for delivery the day before a budget. If expecting a tanker delivery on budget day, invariably deliveries were not made until after the 6pm change in fuel duty. Of course, the company had filled the tankers from the refinery before 6pm, only releasing them once their windfall profit couldn’t be argued against. Every now and then, someone would try, attempting to replicate the speed of a 38 ton HGV to their petrol station but the oil company refused to budge. Of course, there was a degree of hypocrisy due to every petrol station increasing prices at bang on 6pm anyway, despite fuel duty being charged on tanker loads.

In the days before digital signs such as photographed below today, changing the “pole price” involved ladders and inevitable care, due to UK chancellors often proving capable of choosing wet and windy days to inflict their parsimony on the motorist.

 

 

Should things opt to go pear shaped with BP’s share price, trading at 458p at time of writing, it need only break below 447p as it looks like reversal to an initial 436p is possible, a level at which we’d expect some sort of bounce. However, should the 436p level break, any bounce is liable to prove short lived as our secondary calculates at a hopeful bottom around 390p. Strangely, there’s nothing historical which gives a visual suggestion 390p should provoke a bounce, just our software proving surprisingly optimistic.

 

Our alternate scenario for the oil company demands the share price better 493p before we dare believe any gains shall prove worthwhile, working out with an initial ambition at 508p with secondary, if bettered, at 529p along with almost certain hesitation.

For now, we suspect BP share price intends some shrinkage.

 

 

 

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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	Prior
9:40:29PM	BRENT	7943.4									‘cess
9:42:57PM	GOLD	1978.12									Success
9:45:20PM	FTSE	7452	7397	7370	7339	7415	7457	7465	7489	7440	Success
9:48:14PM	STOX50	4376.4
9:50:01PM	GERMANY	16136.3									‘cess
9:53:48PM	US500	4552.4									Success
9:57:01PM	DOW	34951.5									Success
10:01:25PM	NASDAQ	15818	15790	15778	15738	15830	15898	16093	16153	15600	Success
10:03:25PM	JAPAN	32748									Success

 

18/07/2023 FTSE Closed at 7453 points. Change of 0.63%. Total value traded through LSE was: £ 4,095,812,024 a change of 3.79%

17/07/2023 FTSE Closed at 7406 points. Change of -0.38%. Total value traded through LSE was: £ 3,946,111,838 a change of 6.88%

14/07/2023 FTSE Closed at 7434 points. Change of -0.08%. Total value traded through LSE was: £ 3,691,976,999 a change of -20.65%

13/07/2023 FTSE Closed at 7440 points. Change of 0.32%. Total value traded through LSE was: £ 4,652,935,320 a change of -35.19%

12/07/2023 FTSE Closed at 7416 points. Change of 1.84%. Total value traded through LSE was: £ 7,179,397,183 a change of 76.59%

11/07/2023 FTSE Closed at 7282 points. Change of 0.12%. Total value traded through LSE was: £ 4,065,629,486 a change of 3.17%

10/07/2023 FTSE Closed at 7273 points. Change of 0.23%. Total value traded through LSE was: £ 3,940,608,069 a change of 3.75%

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…

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

Click Epic to jump to share: LSE:CBX Cellular Goods** **LSE:DARK Darktrace Plc** **LSE:ECO ECO (Atlantic) O & G** **LSE:IDS International Distribution** **LSE:ITM ITM Power** **LSE:MKS Marks and Spencer** **LSE:OCDO Ocado Plc** **LSE:SPT Spirent Comms** **

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Updated charts published on : Cellular Goods, Darktrace Plc, ECO (Atlantic) O & G, International Distribution, ITM Power, Marks and Spencer, Ocado Plc, Spirent Comms,

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LSE:CBX Cellular Goods. Close Mid-Price: 0.68 Percentage Change: + 0.00% Day High: 0.68 Day Low: 0.62

In the event Cellular Goods experiences weakness below 0.62 it calculates ……..

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LSE:DARK Darktrace Plc. Close Mid-Price: 375.7 Percentage Change: + 27.79% Day High: 388.7 Day Low: 330

In the event of Darktrace Plc enjoying further trades beyond 388.7, the s ……..

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LSE:ECO ECO (Atlantic) O & G Close Mid-Price: 13.25 Percentage Change: -1.85% Day High: 13.5 Day Low: 12.88

Continued weakness against ECO taking the price below 12.88 calculates as ……..

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LSE:IDS International Distribution. Close Mid-Price: 261.8 Percentage Change: + 5.35% Day High: 260.8 Day Low: 248.2

Further movement against International Distribution ABOVE 260.8 should im ……..

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LSE:ITM ITM Power. Close Mid-Price: 83.98 Percentage Change: + 10.50% Day High: 85 Day Low: 77.08

Target met. In the event of ITM Power enjoying further trades beyond 85, ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 202.1 Percentage Change: + 3.91% Day High: 201.4 Day Low: 195.45

Continued trades against MKS with a mid-price ABOVE 201.4 should improve ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 691.6 Percentage Change: + 19.04% Day High: 699 Day Low: 592.6

Further movement against Ocado Plc ABOVE 699 should improve acceleration ……..

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LSE:SPT Spirent Comms. Close Mid-Price: 166.9 Percentage Change: + 1.03% Day High: 168.7 Day Low: 160.8

In the event Spirent Comms experiences weakness below 160.8 it calculates ……..

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

#Gold #S&P500  A bunch of emails impressed us on Monday, all essentially asking where we think Empire Metals share price intends heading. In many cases, it’s easier predicting what a cat will do next, rather than the share price of a member of the UK AIM market. But in this instance, some considerable hope appears possible, especially as price movements don’t “feel” like the victim of an optimism overdose from internet share chat rooms. 

 

An interesting facet – from our nerdy perspective – was the decision to gap the share price above the Blue Closing Price downtrend which dates back to 2018. Traditionally, proper trend lines reflect the High of the Day for downtrends and the Low of the Day for uptrends. Just to muddy the waters a bit, we also review Day Closing Price trends as sometimes they reveal a facet of share price dance steps we hadn’t expected. In the case of Empire, the decision to gap (manipulate) the price up above the closing price trend was truly unusual and, as the chart extract below shows, creating a positive impression which ideally indicates everything has changed for this miner. We often refer to a need for a shares closing price to move above a specific level but cannot remember any single instance where it was a closing price trend line creating such a visually pleasing signal.

 

The suggestion now is of movement above 3.5p triggering price growth to 4.2p next with our “longer term” secondary, if bettered, working out at 5.35p. This ambition at 5.35p is one of these price levels where it becomes important for the share value to actually close a session above 5.35p, thanks to some quite extraordinary potentials making themselves felt for the long term.

For now, if the share price intends spoil the party, it needs below 2.45p to provide genuine cause for concern.

 

It certainly appears this Copper, Gold, and additional valuable mineral producer is on the edge of becoming useful.

 

 

 

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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	Prior
9:42:59PM	BRENT	7826.9									‘cess
9:45:01PM	GOLD	1954.36	1947	1943	1936	1956	1960	1962	1967	1950	Success
9:47:03PM	FTSE	7411.3
9:49:14PM	STOX50	4358.9									‘cess
9:51:33PM	GERMANY	16075.2									‘cess
9:53:43PM	US500	4517.6	4496	4486	4470	4510	4534	4538	4552	4506
9:56:43PM	DOW	34568.5									Success
10:20:56PM	NASDAQ	15693									Success
10:23:39PM	JAPAN	32363									‘cess

 

17/07/2023 FTSE Closed at 7406 points. Change of -0.38%. Total value traded through LSE was: £ 3,946,111,838 a change of 6.88%

14/07/2023 FTSE Closed at 7434 points. Change of -0.08%. Total value traded through LSE was: £ 3,691,976,999 a change of -20.65%

13/07/2023 FTSE Closed at 7440 points. Change of 0.32%. Total value traded through LSE was: £ 4,652,935,320 a change of -35.19%

12/07/2023 FTSE Closed at 7416 points. Change of 1.84%. Total value traded through LSE was: £ 7,179,397,183 a change of 76.59%

11/07/2023 FTSE Closed at 7282 points. Change of 0.12%. Total value traded through LSE was: £ 4,065,629,486 a change of 3.17%

10/07/2023 FTSE Closed at 7273 points. Change of 0.23%. Total value traded through LSE was: £ 3,940,608,069 a change of 3.75%

7/07/2023 FTSE Closed at 7256 points. Change of -0.33%. Total value traded through LSE was: £ 3,798,027,374 a change of -31.82%

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…

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

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:SCLP Scancell** **LSE:TLW Tullow** **LSE:ZOO Zoo Digital** **

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Updated charts published on : AFC Energy, Scancell, Tullow, Zoo Digital,

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LSE:AFC AFC Energy Close Mid-Price: 11.28 Percentage Change: -1.05% Day High: 11.64 Day Low: 11.28

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LSE:SCLP Scancell Close Mid-Price: 8.75 Percentage Change: -11.17% Day High: 9.85 Day Low: 8.75

Target met. Continued weakness against SCLP taking the price below 8.75 c ……..

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LSE:TLW Tullow. Close Mid-Price: 33.76 Percentage Change: + 9.11% Day High: 34.3 Day Low: 30.76

Continued trades against TLW with a mid-price ABOVE 34.3 should improve t ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 63 Percentage Change: -4.55% Day High: 65 Day Low: 58.5

If Zoo Digital experiences continued weakness below 58.5, it will invaria ……..

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

#Brent #US500  With summer drawing to a close here in Argyll, the monsoon season appears to be kicking in a few weeks early, unfortunately this time accompanied by the arrival of two grand-daughters expecting daily adventures in kayaks or paddleboards. Thankfully, both girls eschewed “outdoors fun” over the weekend, somehow coming to the decision that spending time outside, in the wind and torrential rain, didn’t compare to mobile phone facetime with their chums.

Amusingly, Monday will see the girls spend the day afloat, wearing wetsuits and lifejackets, a chum taking them for a tour of the area (while she does something related to inspecting fisheries) and we fully expect them to arrive home, utterly soaked and probably cold, doubtless wanting to go out on the fast boat again next Monday too.

 

This is all very unlike NatWest, a share where it’s clearly not fun with the first impressions and several years later, remaining distinctly humourless. We reviewed it three weeks ago and in the period since, price movements have been less exciting than a game of “Guess Which TV Presenter Did It”. Our inclination is toward some hope, due to the share price TWICE managing to close a session above the 245p trend break level. From our perspective, this greatly reduces the prospects of any immediate dip.

If we take a look for signs of imminent danger, allegedly below 239p should invoke the threat of weakness to 224 next with our secondary, if broken, at 217p and hopefully a rebound. However, if we adhere to our usual demand for a ‘lower low’, the real danger level should be regarded as 229p.

 

For optimism, above 249p suggests the potential of price gains to an initial 255p with our secondary, if bettered, calculating at a longer term 265p. Visually, closure above 265p looks important for the future, making a strong gain to 291p something approaching a near certainty.

 

Hopefully, Natwest decides to do something interesting during the holiday period, giving a worthwhile excuse to explain things for two bored children…

 

 

 

 

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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
9:23:15PM	BRENT	7951.3	7946	7932	7856	7988	8160	8304	8488	8078
9:25:24PM	GOLD	1954.63
9:27:22PM	FTSE	7418
9:37:57PM	STOX50	4383.3
9:39:54PM	GERMANY	16074.4
9:42:02PM	US500	4502.5	4498	4488	4475	4409	4527	4536	4541	4501
9:44:20PM	DOW	34476.5
9:48:36PM	NASDAQ	15558.5
10:02:50PM	JAPAN	32336

 

14/07/2023 FTSE Closed at 7434 points. Change of -0.08%. Total value traded through LSE was: £ 3,691,976,999 a change of -20.65%

13/07/2023 FTSE Closed at 7440 points. Change of 0.32%. Total value traded through LSE was: £ 4,652,935,320 a change of -35.19%

12/07/2023 FTSE Closed at 7416 points. Change of 1.84%. Total value traded through LSE was: £ 7,179,397,183 a change of 76.59%

11/07/2023 FTSE Closed at 7282 points. Change of 0.12%. Total value traded through LSE was: £ 4,065,629,486 a change of 3.17%

10/07/2023 FTSE Closed at 7273 points. Change of 0.23%. Total value traded through LSE was: £ 3,940,608,069 a change of 3.75%

7/07/2023 FTSE Closed at 7256 points. Change of -0.33%. Total value traded through LSE was: £ 3,798,027,374 a change of -31.82%

6/07/2023 FTSE Closed at 7280 points. Change of -2.18%. Total value traded through LSE was: £ 5,570,653,867 a change of 7.74%

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…

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

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:CBX Cellular Goods** **LSE:MMAG Music Magpie** **LSE:ODX Omega Diags** **LSE:SCLP Scancell** **LSE:TLW Tullow** **LSE:ZOO Zoo Digital** **

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Updated charts published on : AFC Energy, Cellular Goods, Music Magpie, Omega Diags, Scancell, Tullow, Zoo Digital,

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LSE:AFC AFC Energy Close Mid-Price: 11.4 Percentage Change: -5.79% Day High: 12.42 Day Low: 11.3

In the event AFC Energy experiences weakness below 11.3 it calculates wit ……..

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LSE:CBX Cellular Goods Close Mid-Price: 0.68 Percentage Change: -3.57% Day High: 0.7 Day Low: 0.68

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LSE:MMAG Music Magpie Close Mid-Price: 14.8 Percentage Change: -2.95% Day High: 15.25 Day Low: 14.25

Weakness on Music Magpie below 14.25 will invariably lead to 12p next wit ……..

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LSE:ODX Omega Diags. Close Mid-Price: 2.9 Percentage Change: + 1.75% Day High: 2.9 Day Low: 2.85

All Omega Diags needs are mid-price trades ABOVE 2.9 to improve accelerat ……..

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LSE:SCLP Scancell Close Mid-Price: 9.85 Percentage Change: -6.19% Day High: 10.88 Day Low: 9.75

If Scancell experiences continued weakness below 9.75, it will invariably ……..

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LSE:TLW Tullow. Close Mid-Price: 30.94 Percentage Change: + 3.76% Day High: 31.2 Day Low: 29.8

In the event of Tullow enjoying further trades beyond 31.2, the share sho ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 66 Percentage Change: -36.84% Day High: 77 Day Low: 65.5

Target met. Continued weakness against ZOO taking the price below 65.5 ca ……..

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

#Nasdaq #FTSE There’s something a bit odd going on with the USA markets. The three charts below reveal the cause of our unease, the sheer number of manipulation gaps appearing across the US indices. While this is fairly normal during the holiday period, everything has been kicking off since the start of June, giving the impression the US markets still intend a further nudge upward with the Dow Jones potentially heading to just above 35,000 points eventually. While we basically distrust the use of gaps to force prices upward, due things often ending in tears in the fullness of time, for now it’s hard to disregard the potential “tops” of around 4,670 for the S&P and 16,900 for the Nasdaq.

If things intend start to go horribly wrong, below 13,740 should give the first impression of trouble on the Nasdaq, for the S&P below 4,270 will justify worry lines, and under 32,800 will give greater concern than worrying about Boris Johnston discovering his phone can be hacked to unlock it.

 

 

As for Friday and the FTSE, things currently look fairly useful as above 7458 points should trigger index movement to an initial fairly tame 7480 points. Our secondary, if such a level is exceeded, calculates at 7569 points and the threat of some hesitation, this value matching prior highs. However, this impetus fails to return the index value above the Blue downtrend on the chart, a line since 2018 which the market seems to be assigning a degree of importance. Despite recent drops a bouncing from 7229 points rather than reach our 7206 target, our inclination is to distrust the bounce due to the index still trading below Blue.

Should movement upward be triggered, the tightest stop loss looks fairly reasonable at 7418 points.

 

Our converse scenario kicks in, should 7418 break (not with a downward spike at the market open!) as a visit to an initial 7392 works out as possible with secondary, if broken, at 7362 points, hopefully with a decent bounce.

 

 

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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	Prior
10:15:06PM	BRENT	8010.7	7910	7860		7969	8043	8117		7952	Success
10:16:49PM	GOLD	1956.76	1924	1912		1941	1960	1971		1950	Success
10:18:58PM	FTSE	7406.2	7351	7320		7407	7428	7460		7380	Success
10:21:32PM	STOX50	4357.2	4303	4293		4330	4368	4385		4338	‘cess
10:25:39PM	GERMANY	16009.8	15806	15695		15875	16048	16147		15955	‘cess
10:28:06PM	US500	4474.4	4436	4416		4453	4485	4490		4472	Success
10:30:54PM	DOW	34356	34216	34111		34346	34588	34638		34409	Success
10:32:43PM	NASDAQ	15316.6	15115	15071		15165	15365	15398		15279	Success
10:37:34PM	JAPAN	32036	31999	31920		32093	32155	32299		32031

 

13/07/2023 FTSE Closed at 7440 points. Change of 0.32%. Total value traded through LSE was: £ 4,652,935,320 a change of -35.19%

12/07/2023 FTSE Closed at 7416 points. Change of 1.84%. Total value traded through LSE was: £ 7,179,397,183 a change of 76.59%

11/07/2023 FTSE Closed at 7282 points. Change of 0.12%. Total value traded through LSE was: £ 4,065,629,486 a change of 3.17%

10/07/2023 FTSE Closed at 7273 points. Change of 0.23%. Total value traded through LSE was: £ 3,940,608,069 a change of 3.75%

7/07/2023 FTSE Closed at 7256 points. Change of -0.33%. Total value traded through LSE was: £ 3,798,027,374 a change of -31.82%

6/07/2023 FTSE Closed at 7280 points. Change of -2.18%. Total value traded through LSE was: £ 5,570,653,867 a change of 7.74%

5/07/2023 FTSE Closed at 7442 points. Change of -1.02%. Total value traded through LSE was: £ 5,170,439,166 a change of 50.69%

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

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

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

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

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

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

Click Epic to jump to share: LSE:ASC Asos** **LSE:BDEV Barrett Devs** **LSE:MMAG Music Magpie** **LSE:OPG OPG Power Ventures** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Asos, Barrett Devs, Music Magpie, OPG Power Ventures, Zoo Digital,

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LSE:ASC Asos. Close Mid-Price: 377 Percentage Change: + 2.81% Day High: 394.8 Day Low: 367

Further movement against Asos ABOVE 394.8 should improve acceleration tow ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 411.2 Percentage Change: -1.63% Day High: 412.2 Day Low: 395.3

If Barrett Devs experiences continued weakness below 395.3, it will invar ……..

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LSE:MMAG Music Magpie Close Mid-Price: 15.25 Percentage Change: -18.67% Day High: 18.75 Day Low: 15.25

This is messy as below 15.25 now suggests a visit to 12p next with seconda ……..

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LSE:OPG OPG Power Ventures. Close Mid-Price: 8.25 Percentage Change: + 0.00% Day High: 8.25 Day Low: 8.07

Below 8 currently suggests weakness to an initial 7.6 with secondary, if b ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 104.5 Percentage Change: -4.13% Day High: 109 Day Low: 104

Weakness on Zoo Digital below 104 will invariably lead to 99 next and hop ……..

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

#Gold #WallSt  There’s a familiar pattern going on with the price of crude oil. Saudi Arabia once again attempted control over the market price of crude by cutting production and hiking their prices upward. Broadly speaking, it appears Brent Crude falling below $72 proves sufficient to cause a panic with Saudi as they obviously don’t approve of oil prices falling. The funny thing; generally within a few days, another country will mention they’ve increased production, along with a willingness to undercut Saudi Arabia and once again, prices climb on the roller coaster.

i3 Energy Plc are a little unusual, their share price tending to move in sympathy with the price of crude. Obviously, this is due to the large number of producing wells from the company, causing less reliance on rumour and hype to drive share price movements.

 

One this is certainly interesting from our perspective. The recent drop to 11.88p represented a logical bottom, a share price level from which we’d ordinarily anticipate a rebound.  Currently trading around 12.5p, the share price need only exceed 13.25p to hopefully trigger price recovery to an initial 15p with our secondary, if exceeded, calculating at a longer term 17p. This should ideally all enact, during the usual false dawn of a Saudi Arabian crude oil price panic. To give a comfortable suggestion for “proper” price recovery, the share price needs to close above 18p to give early indications of the game changing for the long term as a cycle to 29p becomes very possible.

 

As always, our alternate scenario has a problem and we’ve circled it on the chart. Whatever justified the break below the Red uptrend in March of this year could perhaps be a warning signal for looming trouble. Thankfully the price didn’t close below Red, the market opting to pay considerable respect to the trend by ensuring the share closed the session hard against the trend, so perhaps it was just a little ‘oops’ on the day.

Unfortunately, it created a situation where weakness now below 11.88p risks entering an extremely painful reversal cycle, one in which we can calculate an eventual bottom at 4.75p.

Thanks to Saudi actions, we suspect this shall prove unlikely as some price gains are expected, at least in the immediate future.

 

 

 

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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	Prior
10:15:06PM	BRENT	8010.7									Success
10:16:49PM	GOLD	1956.76	1924	1912	1896	1941	1960	1971	1982	1950	Success
10:18:58PM	FTSE	7406.2									Success
10:21:32PM	STOX50	4357.2									‘cess
10:25:39PM	GERMANY	16009.8									‘cess
10:28:06PM	US500	4474.4									Success
10:30:54PM	DOW	34356	34216	34111	33952	34346	34588	34638	34786	34409	Success
10:32:43PM	NASDAQ	15316.6									Success
10:37:34PM	JAPAN	32036

 

12/07/2023 FTSE Closed at 7416 points. Change of 1.84%. Total value traded through LSE was: £ 7,179,397,183 a change of 76.59%

11/07/2023 FTSE Closed at 7282 points. Change of 0.12%. Total value traded through LSE was: £ 4,065,629,486 a change of 3.17%

10/07/2023 FTSE Closed at 7273 points. Change of 0.23%. Total value traded through LSE was: £ 3,940,608,069 a change of 3.75%

7/07/2023 FTSE Closed at 7256 points. Change of -0.33%. Total value traded through LSE was: £ 3,798,027,374 a change of -31.82%

6/07/2023 FTSE Closed at 7280 points. Change of -2.18%. Total value traded through LSE was: £ 5,570,653,867 a change of 7.74%

5/07/2023 FTSE Closed at 7442 points. Change of -1.02%. Total value traded through LSE was: £ 5,170,439,166 a change of 50.69%

4/07/2023 FTSE Closed at 7519 points. Change of -0.11%. Total value traded through LSE was: £ 3,431,263,448 a change of -36.49%

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…

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

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:ASC Asos** **LSE:CBX Cellular Goods** **LSE:MKS Marks and Spencer** **LSE:SCLP Scancell** **LSE:TERN Tern Plc** **

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Updated charts published on : AFC Energy, Asos, Cellular Goods, Marks and Spencer, Scancell, Tern Plc,

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LSE:AFC AFC Energy Close Mid-Price: 11.32 Percentage Change: -3.41% Day High: 11.86 Day Low: 11.36

Weakness on AFC Energy below 11.36 will invariably lead to 11.1 with seco ……..

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LSE:ASC Asos. Close Mid-Price: 366.7 Percentage Change: + 7.66% Day High: 376 Day Low: 336.4

Movement next bettering 376 has the potential of a visit to an initial 405 ……..

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LSE:CBX Cellular Goods Close Mid-Price: 0.7 Percentage Change: -3.45% Day High: 0.72 Day Low: 0.7

Weakness on Cellular Goods below 0.7 will invariably lead to 0.58 and hop ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 198.15 Percentage Change: + 2.32% Day High: 199.3 Day Low: 191.9

Target met. Further movement against Marks and Spencer ABOVE 199.3 should ……..

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LSE:SCLP Scancell Close Mid-Price: 10.38 Percentage Change: -19.42% Day High: 12.88 Day Low: 10.12

Target met. In the event Scancell experiences weakness below 10.12 it cal ……..

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LSE:TERN Tern Plc. Close Mid-Price: 4.38 Percentage Change: + 9.38% Day High: 4.38 Day Low: 3.88

Near term, above 4.38 suggests the potential of a visit to 4.75 next with ……..

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

#FTSE #Stoxx50 As a nuclear submarine sneaks seaward from our part of Argyll, a spy popped up from the hedge! Alternately, perhaps they’d been rummaging around, looking for reasons Legal & General share price continues to emulate the UK retail banking sector by doing nothing useful. It’s funny, a look through the Wikipedia web page for LGEN revealed little of interest, other than the  purchase of shares in the company used to be restricted to members of the legal profession. Nowadays, everyone can buy shares and spend 10 years wondering why little happens, aside from the pandemic whoopsie in 2020.

 

It’s approaching that time of the year on the markets, where the grown ups take August off. It results in an unpleasant situation where we long for the excitement of the period between Xmas and New Year, a timeframe notorious for its absolute levels of boredom. Unfortunately, the August holiday malaise now tends make itself felt from the middle of July onward and this facet of price movement looks capable of becoming a nuisance with Legal & General. In other words, things may move very slowly.

Movement now below 217p risks triggering reversals to an initial 193 next, along with a chance of a bounce. However, should 193p break, any bounce is liable to prove short lived as our secondary and hopeful bottom down at 176p may prove too attractive.

 

As always, we’ve a converse scenario tucked away, one which was born from Legal & General price movements in the first couple of months of this year. The price appeared quite firmly controlled in this period nudging up and down by only 10p like an annoying nodding dog toy in the back of the car in front at traffic lights. Our inclination is to take some hope from the repeated efforts made to stop LGEN going up in price. There’s been some volatility in the months since, very little of which makes immediate sense, and now, we suggest keeping an eye on the share in case some excuse is discovered to allow them to exceed Blue on the chart below (presently 258p) as this should hopefully trigger recovery to an initial 297p and some hesitation. Our longer term secondary, if 297p is bettered, works out at 330p and a new all time high.

This is one which we suspect shall prove worth keeping an eye on.

 

 

 

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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	Prior
10:03:58PM	BRENT	7926.7									‘cess
10:06:22PM	GOLD	1931.75									Success
10:08:44PM	FTSE	7290.7	7231	7207	7178	7261	7296	7303	7325	7280	‘cess
10:11:14PM	STOX50	4297.5	4255	4237	4215	4275	4303	4329	4374	4272	‘cess
10:14:17PM	GERMANY	15827.6									Success
10:16:44PM	US500	4437.9									Success
10:19:06PM	DOW	34247									‘cess
10:21:44PM	NASDAQ	15122.1									‘cess
10:24:28PM	JAPAN	32320

 

11/07/2023 FTSE Closed at 7282 points. Change of 0.12%. Total value traded through LSE was: £ 4,065,629,486 a change of 3.17%

10/07/2023 FTSE Closed at 7273 points. Change of 0.23%. Total value traded through LSE was: £ 3,940,608,069 a change of 3.75%

7/07/2023 FTSE Closed at 7256 points. Change of -0.33%. Total value traded through LSE was: £ 3,798,027,374 a change of -31.82%

6/07/2023 FTSE Closed at 7280 points. Change of -2.18%. Total value traded through LSE was: £ 5,570,653,867 a change of 7.74%

5/07/2023 FTSE Closed at 7442 points. Change of -1.02%. Total value traded through LSE was: £ 5,170,439,166 a change of 50.69%

4/07/2023 FTSE Closed at 7519 points. Change of -0.11%. Total value traded through LSE was: £ 3,431,263,448 a change of -36.49%

3/07/2023 FTSE Closed at 7527 points. Change of -0.05%. Total value traded through LSE was: £ 5,402,403,715 a change of 3.4%

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…

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

Click Epic to jump to share: LSE:AZN Astrazeneca** **LSE:DGE Diageo** **LSE:NG. National Glib** **LSE:ODX Omega Diags** **LSE:SPX Spirax** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Astrazeneca, Diageo, National Glib, Omega Diags, Spirax, Zoo Digital,

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LSE:AZN Astrazeneca Close Mid-Price: 10082 Percentage Change: -0.96% Day High: 10138 Day Low: 10020

In the event Astrazeneca experiences weakness below 10020 it calculates w ……..

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LSE:DGE Diageo. Close Mid-Price: 3289.5 Percentage Change: + 0.60% Day High: 3296 Day Low: 3246.5

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LSE:NG. National Glib Close Mid-Price: 988.2 Percentage Change: -0.06% Day High: 993.2 Day Low: 980.4

In the event National Glib experiences weakness below 980.4 it calculates ……..

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LSE:ODX Omega Diags. Close Mid-Price: 2.85 Percentage Change: + 11.76% Day High: 2.85 Day Low: 2.55

This has the potential to become a little interesting as movement now abov ……..

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LSE:SPX Spirax Close Mid-Price: 9936 Percentage Change: -0.79% Day High: 10075 Day Low: 9820

In the event Spirax experiences weakness below 9820 it calculates with a ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 110.5 Percentage Change: + 1.38% Day High: 111 Day Low: 108

If Zoo Digital experiences continued weakness below 108, it will invariab ……..

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

#Gold ‘SP500 Amazingly, a quick search on Google revealed the reason for Helium One’s +38% day on the market in pictorial form. The Google results were topped by three pretty photographs of a big mobile drilling rig being delivered to the Helium producers site in Tanzania, meaning the company prospects will hopefully go from speculation to actual production of Helium. The company look capable of disrupting the helium market, an area where demand has been forced to flatline due to lack of supply as the only available helium being available as a by-product from the hydrocarbon market and demand is expected to surge once this Helium miner starts filling party balloons along with the occasional tanker!

From the company website, along with speculative comment in chatrooms, it appears Helium One Global share price should be a complete “no-brainer” for the future. Of course, this is the UK stock market, a place where dreams can face assassination, thankfully only sometimes. But this one certainly appears deserving of some research as the future prospects appear quite strong.

 

At present, there’s quite a lot in favour of continued share price growth, especially as the share enacted a fake drop the day before a solid rise kicked in, one which actually broke through the downtrend and even managed to close the session above the trend. This is the sort of situation we’ve been hoping for with the UK retail banks, something they seem reticent to provide just yet.

For Helium One, share price movement now above 7.5p should prove capable of triggering share price recovery to an initial 8.7p with our secondary, if exceeded, calculating at 12p, Due to prior share price movements, we suspect the 12p level shall provoke some hesitation  Unsurprisingly, in this instance we can provide a 3rd level ambition, if 12p is exceeded, as a visit to 18p works out as quite a viable hope for the longer term.

Of course, if the share price experiences a fast pace of growth, all it will need is news of a breakdown in the drilling rig delaying production to utterly foul any growth cycle. For now though, we’re fairly optimistic.

 

 

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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	Prior
10:59:29PM	BRENT	7771.3
11:02:24PM	GOLD	1924.96	1912	1908	1900	1924	1926	1930	1936	1920	‘cess
11:04:48PM	FTSE	7257.4
11:07:20PM	STOX50	4255									Shambles
11:36:20PM	GERMANY	15675
11:38:56PM	NASDAQ	15047.9
11:43:07PM	DOW	33944									‘cess
11:45:08PM	US500	4410.8	4376	4359	4332	4393	4413	4418	4432	4399
11:47:53PM	JAPAN	32329									‘cess

 

10/07/2023 FTSE Closed at 7273 points. Change of 0.23%. Total value traded through LSE was: £ 3,940,608,069 a change of 3.75%

7/07/2023 FTSE Closed at 7256 points. Change of -0.33%. Total value traded through LSE was: £ 3,798,027,374 a change of -31.82%

6/07/2023 FTSE Closed at 7280 points. Change of -2.18%. Total value traded through LSE was: £ 5,570,653,867 a change of 7.74%

5/07/2023 FTSE Closed at 7442 points. Change of -1.02%. Total value traded through LSE was: £ 5,170,439,166 a change of 50.69%

4/07/2023 FTSE Closed at 7519 points. Change of -0.11%. Total value traded through LSE was: £ 3,431,263,448 a change of -36.49%

3/07/2023 FTSE Closed at 7527 points. Change of -0.05%. Total value traded through LSE was: £ 5,402,403,715 a change of 3.4%

30/06/2023 FTSE Closed at 7531 points. Change of 0.8%. Total value traded through LSE was: £ 5,224,612,707 a change of -11.43%

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

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

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

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

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

---

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

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:AV. Aviva** **LSE:BBY BALFOUR BEATTY** **LSE:BT.A British Telecom** **LSE:CBX Cellular Goods** **LSE:CEY Centamin** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:ITM ITM Power** **LSE:NG. National Glib** **LSE:ZOO Zoo Digital** **

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Updated charts published on : AFC Energy, Aviva, BALFOUR BEATTY, British Telecom, Cellular Goods, Centamin, Diageo, ECO (Atlantic) O & G, ITM Power, National Glib, Zoo Digital,

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LSE:AFC AFC Energy Close Mid-Price: 11.48 Percentage Change: -7.27% Day High: 12.18 Day Low: 11.5

Continued weakness below 11.48 will invariably lead to 11.1 with secondary ……..

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LSE:AV. Aviva. Close Mid-Price: 382.2 Percentage Change: + 0.10% Day High: 383.6 Day Low: 379.6

In the event Aviva experiences weakness below 379, it calculates with a dr ……..

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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 333.2 Percentage Change: + 0.54% Day High: 339.4 Day Low: 328.8

Weakness on BALFOUR BEATTY below 328 will invariably lead to 314 with seco ……..

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LSE:BT.A British Telecom Close Mid-Price: 122 Percentage Change: -0.20% Day High: 124.35 Day Low: 120.1

If British Telecom experiences continued weakness below 120, it will invar ……..

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LSE:CBX Cellular Goods Close Mid-Price: 0.72 Percentage Change: -6.45% Day High: 0.78 Day Low: 0.72

Continued weakness against CBX taking the price below 0.72 calculates as l ……..

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LSE:CEY Centamin Close Mid-Price: 88.6 Percentage Change: -0.45% Day High: 89 Day Low: 87.15

If Centamin experiences continued weakness below 87, it will invariably le ……..

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LSE:DGE Diageo. Close Mid-Price: 3270 Percentage Change: + 0.00% Day High: 3290 Day Low: 3252.5

Continued weakness against DGE taking the price below 3252 calculates as l ……..

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LSE:ECO ECO (Atlantic) O & G Close Mid-Price: 13.4 Percentage Change: -4.29% Day High: 14 Day Low: 13.25

It’s still the case of below 13 suggesting the potential of reversal to an ……..

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LSE:ITM ITM Power Close Mid-Price: 66.84 Percentage Change: -0.83% Day High: 69.46 Day Low: 65.7

Continued weakness against ITM taking the price below 65.5 calculates as l ……..

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LSE:NG. National Glib Close Mid-Price: 988.8 Percentage Change: -1.04% Day High: 1004 Day Low: 987.8

Continued weakness against NG. taking the price below 987 calculates as le ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 109 Percentage Change: -7.23% Day High: 117.5 Day Low: 109

Target Met. Movement now below 109 indicates the potential of a visit to 9 ……..

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