Author: T&T Staff

#Gold #SP500 Wikipedia remains great fun, when trawling for background stories relating to major international players. It doesn’t matter what field they’re in but as soon as you discover a company has its roots in the late Victorian era, the odds favour a colourful history. The tale of Rio Tinto doesn’t disappoint, though it’s easy to forget their history embodies something almost in the company DNA.

Rio Tinto looks after Rio Tinto first and foremost and while they’ve left a bunch of governments crying at the alter while LSE:RIO has focussed on their own long term success, obviously the benefit of not needing stand for an election every few years. It’s easy to take the moral high ground and criticise the company behaviour but, for instance, if reviewing their 2020 destruction of the 46,000 year old aboriginal site in Australia, the media tend gloss over the salient detail they’d been given permission to destroy it in 2013 by the Australian government. Conversely, one would have thought the corporate body would recognise the PR potentials of relocating and recreating the site to an area where it could be viewed and appreciated.

For a quick read and discovery of which governments and organisations Rio Tinto have fallen out with, a visit to their Wikipedia page is recommended.

 

As for their share price, it’s currently reflecting the general confusion being exhibited since the pandemic eased with the price bouncing around in a useless fashion, one which fails to give any sort of clue to direction. Share price behaviour this year hasn’t managed to clear the issue, the price probably needing above 5,500p before giving the first clue of something helpful actually happening. We can calculate a movement such as this as being capable of promoting recovery to an initial 5,762p with our longer term secondary, if bettered, at 6,180p. There’s even an added bonus as, should Rio Tinto managed to actually close a session above this initial target of 5,762p, it’s going to be viewed as entering a cycle which promises an eventual visit to 6,709p. One thing which really surprises us came, when drawing a line from the previous historic high of 2008. Any visit to our 6,709 ambition rather exactly shows as challenging this long term trend!

As always, we can dust down a converse scenario for the company.

Movement now below 4,850 risks embracing the prospect of reversal to an initial 4,684p with our secondary, should such a level break, calculating down at 4,100p and an almost certain rebound, due to the proximity of the Red uptrend since 2016. Visually, it becomes pretty certain many traders shall regard such a line as sacrosanct, though it’s an argument without any real foundation.

For now, we suspect Rio Tinto shall discover an excuse to sidle upwards… And more importantly, we managed to get to the end of the report without mentioning the boat which featured in the Duran Duran video for “Rio” is moored outside, here in Argyll. Alas, it lacks scantily clad models dancing on its deck as it’s used as a Sail Training vessel.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:05:30PM	BRENT	8883.8
10:09:42PM	GOLD	1938.01	1936	1931	1924	1942	1946	1948	1952	1940
10:12:34PM	FTSE	7448.5									‘cess
10:15:20PM	STOX50	4277.3									Shambles
10:17:13PM	GERMANY	15822.9
10:19:17PM	US500	4513.2	4509	4504	4497	4517	4526	4533	4541	4511
10:21:32PM	DOW	34785									Shambles
10:24:07PM	NASDAQ	15497.6
10:27:48PM	JAPAN	32896

 

4/09/2023 FTSE Closed at 7452 points. Change of -0.16%. Total value traded through LSE was: £ 3,107,267,145 a change of -28.59%

1/09/2023 FTSE Closed at 7464 points. Change of 0.34%. Total value traded through LSE was: £ 4,351,126,417 a change of -43.85%

31/08/2023 FTSE Closed at 7439 points. Change of -0.45%. Total value traded through LSE was: £ 7,748,715,745 a change of 104.69%

30/08/2023 FTSE Closed at 7473 points. Change of 0.11%. Total value traded through LSE was: £ 3,785,593,396 a change of -59.43%

29/08/2023 FTSE Closed at 7465 points. Change of 1.73%. Total value traded through LSE was: £ 9,331,622,622 a change of 194.32%

25/08/2023 FTSE Closed at 7338 points. Change of 0.07%. Total value traded through LSE was: £ 3,170,549,348 a change of -23.12%

24/08/2023 FTSE Closed at 7333 points. Change of -100%. Total value traded through LSE was: £ 4,124,022,746 a change of 0%

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:BP. BP PLC** **LSE:CBX Cellular Goods** **LSE:CNA Centrica** **LSE:GENL Genel** **LSE:SCLP Scancell** **LSE:TLW Tullow** **

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Updated charts published on : Anglo American, Cellular Goods, Centrica, Genel, Scancell, Tullow,

LSE:AAL Anglo American Close Mid-Price: 2135 Percentage Change: -0.05% Day High: 2191 Day Low: 2129.5

This is behaving a little strangely. It needs above 2200 to suggest immine ……..

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LSE:BP. BP PLC. Close Mid-Price: 501.7 Percentage Change: + 0.18% Day High: 506.7 Day Low: 501.9

Further movement against BP PLC ABOVE 506.7 should improve acceleration t ……..

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LSE:CBX Cellular Goods Close Mid-Price: 0.55 Percentage Change: -4.35% Day High: 0.6 Day Low: 0.55

Continued weakness against CBX taking the price below 0.55 calculates as ……..

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LSE:CNA Centrica Close Mid-Price: 153 Percentage Change: -0.36% Day High: 154.3 Day Low: 152.2

In the event of Centrica enjoying further trades beyond 154.3, the share ……..

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LSE:GENL Genel. Close Mid-Price: 88.5 Percentage Change: + 6.12% Day High: 89 Day Low: 85

All Genel needs are mid-price trades ABOVE 89 to improve acceleration tow ……..

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LSE:SCLP Scancell Close Mid-Price: 8.15 Percentage Change: -18.50% Day High: 10.25 Day Low: 8.1

In the event Scancell experiences weakness below 8.1 it calculates with a ……..

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LSE:TLW Tullow. Close Mid-Price: 38.1 Percentage Change: + 2.31% Day High: 38.52 Day Low: 36.1

In the event of Tullow enjoying further trades beyond 38.52, the share sh ……..

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

#Brent #Dax  It’s that time of the year when we start getting a store of logs ready to burn over winter. The job, obviously, should have been done in May/June but the weather was frankly too hot. And July/August were misplaced, due to adverse reactions to a horse-fly bite. My wife, ever helpful, even bought another chainsaw from the Chinese Temu website, knowing it would “motivate” me to get started on the five trees I felled last Easter. Oh to have the courage to buy her a second vacuum cleaner with this reasoning.

To be fair, she thought her chainsaw purchase was a joke, the cutting blade only 6 inches long and designed to be powered by a cordless drill gun. Unsurprisingly for the £7 price, the gadget didn’t work when assembled so she complained and was immediately given a full refund and told to throw the item away. Of course, this wasn’t going to happen and it was quickly dismantled, discovering a crucial washer hadn’t been fitted. The washer and circlip were lying loose inside the guts of the thing! But once fitted and assembled properly, the little cutting chain was spinning around quite cheerfully while my wife and I glanced around the lounge deciding on what to try it on. When our eyes met with unspoken agreement, it was decided the coffee table, sideboard, tables, would be allowed to remain unscathed, so we rushed outside to the garden. Despite cordless drills being quite slow speed tools, the tiny little chainsaw made short work of an available tree branch, neatly sliced into woodburner segments within moments. If being honest, the job was a lot easier than getting set up with a 30 inch chainsaw and all the paraphernalia which ensues, topping up oil, prepping the correct fuel mix, and finally enjoying the battle to get it started.

There are times when it’s easy to be sore and tired out, just from the process of getting ready to employ a big chainsaw whereas this 6 inch dodgy Chinese purchase could display some very real use. The only thing missing was the presence of a 10 year old grand-daughter as I’ve always teased her that I’d train her to cut trees down. Thankfully, she visited for the weekend, her eyes lighting up at the prospect of joining me in the logging area to chop up a felled Holly tree. Inevitably, she thought “her” chainsaw was a disappointment, expecting to be finally allowed to use the big saw, a machine which probably weighs about the same as her. However, once she watched me using the “joke” chainsaw to lop a branch from the main tree, her attitude changed quite dramatically and within minutes she’d taken another branch off and sliced it into portions for the fire. She was even remembering to dip the small saw chain in an oil bath every few minutes, as chainsaw blades don’t last long without lubrication. As dusk made itself felt on Saturday, she’d to be told to leave the job, as the tree would still be there on Sunday morning. All things considered, we’d never anticipated coming across a “child safe” chainsaw nor thought it would prove sufficient to keep a 10 year olds attention for so long. She didn’t even object to wearing gloves or safety glasses. Once she departed for Edinburgh and I started filling the first for many wheelbarrow trips, I noticed the 6 foot trunk of a large Beech tree now sported damage inflicted by the pretend chainsaw. She’d clearly been experimenting while I wasn’t watching!

 

Of course, this story is being related, ‘cos it’s difficult to find anything interesting to write about Barclays share price in our three week update. When we previously reviewed the share, we cheerfully warned of several dangers which were imminent, none of which have come to fruition. There was a danger level at 143p and the price, spitefully, managed to close a session at 142.7p and marginally below the trigger. To rub salt into the wound, the next session Barclays closed at 143.04p and it almost felt like the market was mocking us.

However, it was August and expecting nothing rarely leads to disappointment!

With regard to our expectations for Barclays, we still suspect the share is awaiting the right excuse to inflict misery on the market. Weakness now below 142.7p now calculates as capable of provoking reversal down to an initial 126p with secondary, if broken, at 123p and hopefully a proper rebound. From a Big Picture perspective, if the 123p level breaks, there’s a pretty strong argument favouring 116p as being painted with trampoline juice.

 

Thankfully, we can also produce a converse scenario, now possible due to the care paid to our 143p trigger level. It’s possible the market simply doesn’t want Barclays share price to go down and early “proof” of such an attitude will come should the share exceed 155p as this should now trigger price recovery to an initial 160p. Our longer term secondary, if such a level is bettered, works out at 168p and a movement which could prove game changing for the future. In the event the share price closes above the level of a prior high at 164.5p, it nullifies our expectations for reversal, instead sowing the seeds of a distant growth to the 200p level.

But for now, the plethora of reversal signals remains a distinct worry.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
8:37:20PM	BRENT	8880.9	8688	8622	8535	8736	8884	8915	8929	8821	‘cess
8:40:12PM	GOLD	1939.41
8:43:32PM	FTSE	7485.3
8:46:43PM	STOX50	4293.7
9:32:54PM	GERMANY	15858.9	15862	15771	15680	15910	15965	16021	16087	15873
9:35:33PM	US500	4512.7									Shambles
9:46:41PM	DOW	34836.4
9:50:08PM	NASDAQ	15483
9:53:40PM	JAPAN	32769

 

1/09/2023 FTSE Closed at 7464 points. Change of 0.34%. Total value traded through LSE was: £ 4,351,126,417 a change of -43.85%

31/08/2023 FTSE Closed at 7439 points. Change of -0.45%. Total value traded through LSE was: £ 7,748,715,745 a change of 104.69%

30/08/2023 FTSE Closed at 7473 points. Change of 0.11%. Total value traded through LSE was: £ 3,785,593,396 a change of -59.43%

29/08/2023 FTSE Closed at 7465 points. Change of 1.73%. Total value traded through LSE was: £ 9,331,622,622 a change of 194.32%

25/08/2023 FTSE Closed at 7338 points. Change of 0.07%. Total value traded through LSE was: £ 3,170,549,348 a change of -23.12%

24/08/2023 FTSE Closed at 7333 points. Change of 0.18%. Total value traded through LSE was: £ 4,124,022,746 a change of -11.8%

23/08/2023 FTSE Closed at 7320 points. Change of 0.69%. Total value traded through LSE was: £ 4,675,646,982 a change of 18.86%

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

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

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

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

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

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

Click Epic to jump to share: LSE:ASC Asos** **LSE:BP. BP PLC** **LSE:CNA Centrica** **LSE:DGE Diageo** **LSE:EME Empyrean** **LSE:RBD Reabold Resources PLC** **LSE:TSCO Tesco** **

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Updated charts published on : Asos, BP PLC, Centrica, Diageo, Empyrean, Reabold Resources PLC, Tesco,

LSE:ASC Asos. Close Mid-Price: 449.8 Percentage Change: + 2.60% Day High: 473.4 Day Low: 436.9

Target met. All Asos needs are mid-price trades ABOVE 473.4 to improve ac ……..

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LSE:BP. BP PLC. Close Mid-Price: 500.8 Percentage Change: + 2.73% Day High: 502.6 Day Low: 493.35

If BP PLC experiences continued weakness below 493.35, it will invariably ……..

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LSE:CNA Centrica. Close Mid-Price: 153.55 Percentage Change: + 1.19% Day High: 153.95 Day Low: 152

Further movement against Centrica ABOVE 153.95 should improve acceleratio ……..

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LSE:DGE Diageo Close Mid-Price: 3200 Percentage Change: -1.34% Day High: 3246 Day Low: 3203

If Diageo experiences continued weakness below 3203, it will invariably l ……..

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LSE:EME Empyrean Close Mid-Price: 0.74 Percentage Change: -1.60% Day High: 0.76 Day Low: 0.7

Target met. In the event Empyrean experiences weakness below 0.7p it calc ……..

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LSE:RBD Reabold Resources PLC Close Mid-Price: 0.09 Percentage Change: -2.70% Day High: 0.09 Day Low: 0.08

Weakness on Reabold Resources PLC below 0.08 will invariably lead to 0.05 ……..

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LSE:TSCO Tesco Close Mid-Price: 264.7 Percentage Change: -0.38% Day High: 268.6 Day Low: 264.5

Target met. Further movement against Tesco ABOVE 268.6 should improve acc ……..

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

#FTSE #GOLD  We’ve spent the last few days suspecting the FTSE should celebrate the start of September with some market gains.  Unfortunately, it’s starting to feel as smart as villagers in Pompeii celebrating while Vesuvius erupts, not realising they’ve just volunteered to become future archaeological exhibits. However, maybe the 1st September isn’t actually the start of September as those vacationing for August will not start drifting back to work until Monday 4th.

This being the case, the market has today (Friday) to continue to undo the damage done to the FTSE during August though, we most emphatically do not expect a 200 point surge to the 7700 level. However, it is possible to present a scenario where some near term useful recovery can be hoped.

Near term, above just 7501 points should trigger a gain toward a pretty tame 7526 points. Our secondary, should such a level be exceeded, calculates at a useful 7578 points. Surprisingly, if we go by the visual impression, the market could allegedly continue acceleration toward 7628 points eventually, effectively erasing the damage inflicted during August. Should this upward break appear (not with an opening second spike upward!) the tightest stop loss level looks like a reasonable 7465 points.

 

Of course, now we’ve given a reason for optimism, we can point out a different scenario, thanks to the behaviour of the FTSE this week. While the index has managed to exceed the August downtrend with intraday highs, rather a lot of care has been taken to ensure no trend break was confirmed allowing the price to close a session above Blue on the chart. In what feels unlikely, below 7440 points threatens reversal to 7410 points with secondary, if broken, working out at a potentially messy 7338 points. For now, we’re a little sceptical about this scenario and tend expect immediate market gains.

 

Have a good weekend, hopefully with some decent weather to enjoy the Grand Prix.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:04:44PM	BRENT	86.72	84.99	84.53		85.46	86.78	87.18		85.54	Success
10:08:18PM	GOLD	1939.71	1938	1927		1945	1948	1956		1937
10:10:43PM	FTSE	7430	7418	7406		7450	7504	7513		7460	Success
10:12:59PM	STOX50	4295	4284	4279		4314	4331	4351		4304
10:15:50PM	GERMANY	15948.6	15896	15848		15962	15993	16046		15914	‘cess
10:18:06PM	US500	4509.9	4506	4495		4522	4531	4555		4513
10:20:28PM	DOW	34754	34721	34647		34870	34921	34945		34803	Shambles
10:22:47PM	NASDAQ	15505.4	15421	15389		15506	15572	15657		15436	‘cess
10:25:03PM	JAPAN	32494	32386	32348		32513	32565	32701		32430	Success

 

31/08/2023 FTSE Closed at 7439 points. Change of -0.45%. Total value traded through LSE was: £ 7,748,715,745 a change of 104.69%

30/08/2023 FTSE Closed at 7473 points. Change of 0.11%. Total value traded through LSE was: £ 3,785,593,396 a change of -59.43%

29/08/2023 FTSE Closed at 7465 points. Change of 1.73%. Total value traded through LSE was: £ 9,331,622,622 a change of 194.32%

25/08/2023 FTSE Closed at 7338 points. Change of 0.07%. Total value traded through LSE was: £ 3,170,549,348 a change of -23.12%

24/08/2023 FTSE Closed at 7333 points. Change of 0.18%. Total value traded through LSE was: £ 4,124,022,746 a change of -11.8%

23/08/2023 FTSE Closed at 7320 points. Change of 0.69%. Total value traded through LSE was: £ 4,675,646,982 a change of 18.86%

22/08/2023 FTSE Closed at 7270 points. Change of -100%. Total value traded through LSE was: £ 3,933,596,955 a change of 0%

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:BLOE Block Energy PLC** **LSE:CBX Cellular Goods** **LSE:CNA Centrica** **LSE:JET Just Eat** **LSE:ODX Omega Diags** **LSE:RBD Reabold Resources PLC** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:SPX Spirax** **LSE:TERN Tern Plc** **LSE:TSCO Tesco** **

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Updated charts published on : Asos, Block Energy PLC, Cellular Goods, Centrica, Just Eat, Omega Diags, Reabold Resources PLC, Rockhopper, Rolls Royce, Spirax, Tern Plc, Tesco,

LSE:ASC Asos. Close Mid-Price: 438.4 Percentage Change: + 8.35% Day High: 461.5 Day Low: 402.1

In the event of Asos enjoying further trades beyond 461.5, the share shou ……..

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LSE:BLOE Block Energy PLC. Close Mid-Price: 1.4 Percentage Change: + 3.70% Day High: 1.43 Day Low: 1.4

All Block Energy PLC needs are mid-price trades ABOVE 1.43 to improve acc ……..

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LSE:CBX Cellular Goods Close Mid-Price: 0.57 Percentage Change: -4.17% Day High: 0.6 Day Low: 0.57

If Cellular Goods experiences continued weakness below 0.57, it will inva ……..

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LSE:CNA Centrica. Close Mid-Price: 151.75 Percentage Change: + 1.17% Day High: 151.5 Day Low: 150.35

Continued trades against CNA with a mid-price ABOVE 151.5 should improve ……..

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LSE:JET Just Eat. Close Mid-Price: 1108 Percentage Change: + 4.04% Day High: 1157 Day Low: 1042

Continued weakness against JET taking the price below 1042 calculates as ……..

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LSE:ODX Omega Diags Close Mid-Price: 2.05 Percentage Change: -10.87% Day High: 2.3 Day Low: 2.05

If Omega Diags experiences continued weakness below 2.05, it will invaria ……..

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LSE:RBD Reabold Resources PLC Close Mid-Price: 0.09 Percentage Change: -5.13% Day High: 0.1 Day Low: 0.09

In the event Reabold Resources PLC experiences weakness below 0.09 it cal ……..

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LSE:RKH Rockhopper Close Mid-Price: 11.4 Percentage Change: -2.15% Day High: 11.8 Day Low: 11.45

If Rockhopper experiences continued weakness below 11.45, it will invaria ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 222.3 Percentage Change: + 2.54% Day High: 224.1 Day Low: 216.3

Target met. All Rolls Royce needs are mid-price trades ABOVE 224.1 to imp ……..

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LSE:SPX Spirax. Close Mid-Price: 10135 Percentage Change: + 0.70% Day High: 10205 Day Low: 10095

Further movement against Spirax ABOVE 10205 should improve acceleration t ……..

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LSE:TERN Tern Plc Close Mid-Price: 4.25 Percentage Change: -15.00% Day High: 4.5 Day Low: 4.12

Weakness on Tern Plc below 4.12 will invariably lead to 3.5 with secondar ……..

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LSE:TSCO Tesco. Close Mid-Price: 265.7 Percentage Change: + 0.57% Day High: 267.7 Day Low: 264.9

Continued trades against TSCO with a mid-price ABOVE 267.7 should improve ……..

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

#FTSE #Stoxx50  The Discovery Channel continues to host our favourite telly, namely Bering Sea Gold and Gold Rush. The lengths to which miners are prepared to go to unearth just a few ounces of the yellow stuff are extraordinary and sometimes questionable. The current series of Bering Sea Gold has divers working under the sea ice, hot water pumped into their diving suits to ensure a miner doesn’t turn into a frozen treat for a peckish Polar bear. But a glance at Metals Exploration website takes the process to a new level.

Gold Rush, for instance, has seen miners excavating some pretty big holes in Canada and Alaska. But when you look at what a professional organisation are up to, everything looks familiar, just massively bigger. Metals Exploration’s project in The Philippines visually transforms the folk from the Discovery Channel into the gold mining equivalent of Lego figures when compared to the real world!

 

However, Metals Exploration share price movements fail to reflect the depth of their hole in the ground. Since 2017, their share price has done very little to reflect changes in the price of Gold. The intervening period has seen Gold shuffle from $1200 up to highs of over $2000. Meanwhile, MTL travelled from 4p down to below 0.5p, recovering to just over 2p currently.

But we’re seeing some early signs change may be afoot.

For various reasons, we’ve allocated just 2.25p as a viable trigger level, expecting share price closure above such a point to herald a change in pace with a potential lift to an initial 2.7p with our longer term secondary, if bettered, at 3.25p. We’re obviously taking some licence with the words “longer term” as such a movement would probably happen by the next day…  Closure above 3.25  shall doubtless become the next major hurdle, effectively emplacing the share price in a zone where a cycle to a future 6.50p becomes probable for the future.

At present, similar to our favourite TV programs, this share price appears worth watching. Should 6.5p ever make an appearance, we shall revisit the share.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:59:24PM	BRENT	85.32
10:01:37PM	GOLD	1942.66									Success
10:04:03PM	FTSE	7474	7462	7449	7433	7482	7510	7515	7532	7480
10:06:44PM	STOX50	4323.5	4292	4274	4249	4328	4347	4357	4379	4317
10:08:39PM	GERMANY	15918.16
10:10:59PM	US500	4518.52									‘cess
10:13:28PM	DOW	34961.6									‘cess
10:15:42PM	NASDAQ	15476.8									Success
10:19:47PM	JAPAN	32417

 

30/08/2023 FTSE Closed at 7473 points. Change of 0.11%. Total value traded through LSE was: £ 3,785,593,396 a change of -59.43%

29/08/2023 FTSE Closed at 7465 points. Change of 1.73%. Total value traded through LSE was: £ 9,331,622,622 a change of 194.32%

25/08/2023 FTSE Closed at 7338 points. Change of 0.07%. Total value traded through LSE was: £ 3,170,549,348 a change of -23.12%

24/08/2023 FTSE Closed at 7333 points. Change of 0.18%. Total value traded through LSE was: £ 4,124,022,746 a change of -11.8%

23/08/2023 FTSE Closed at 7320 points. Change of 0.69%. Total value traded through LSE was: £ 4,675,646,982 a change of 18.86%

22/08/2023 FTSE Closed at 7270 points. Change of 0.18%. Total value traded through LSE was: £ 3,933,596,955 a change of 1.59%

21/08/2023 FTSE Closed at 7257 points. Change of -100%. Total value traded through LSE was: £ 3,872,219,406 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BLOE Block Energy PLC** **LSE:CBX Cellular Goods** **LSE:CNA Centrica** **LSE:FOXT Foxtons** **LSE:RR. Rolls Royce** **LSE:SPX Spirax** **

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Updated charts published on : Block Energy PLC, Cellular Goods, Centrica, Foxtons, Rolls Royce, Spirax,

LSE:BLOE Block Energy PLC. Close Mid-Price: 1.35 Percentage Change: + 8.00% Day High: 1.35 Day Low: 1.25

Further movement against Block Energy PLC ABOVE 1.35 should improve accel ……..

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LSE:CBX Cellular Goods Close Mid-Price: 0.6 Percentage Change: -11.11% Day High: 0.68 Day Low: 0.6

Weakness on Cellular Goods below 0.6 will invariably lead to 0.5 giving a ……..

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LSE:CNA Centrica. Close Mid-Price: 150 Percentage Change: + 0.70% Day High: 150.8 Day Low: 148.2

All Centrica needs are mid-price trades ABOVE 150.8 to improve accelerati ……..

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LSE:FOXT Foxtons Close Mid-Price: 37 Percentage Change: -1.07% Day High: 37.7 Day Low: 36.5

In the event Foxtons experiences weakness below 36.5 it calculates with a ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 216.8 Percentage Change: + 1.83% Day High: 217.9 Day Low: 212.3

In the event of Rolls Royce enjoying further trades beyond 218, the share ……..

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LSE:SPX Spirax. Close Mid-Price: 10065 Percentage Change: + 0.99% Day High: 10080 Day Low: 9910

All Spirax needs are mid-price trades ABOVE 10080 to improve acceleration ……..

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

#Gold #SP500  Discovering a cure for “Just Stop Oil” protestors has been an unexpected side effect of trying to make Cider this year. From a personal stance, Cider can be quite boring but once blended with exotic fruits – or even just strawberry – the drink can prove spectacular. Unfortunately, aiming for such a result was where everything went horribly wrong with some of the initial test attempts.

The disaster with Cider proved quite obvious with 20:20 hindsight. When the raw apple juice mixture had flavouring added, regardless whether it was Cranberry juice, Pineapple juice, or even just boring old Strawberry juice, something dreadful happened during the fermentation process with the result each two litre “test” bottle contained the undrinkable. At least, we assume this was the case as the vivid stink emanating from each opened container ensured the contents were quickly dumped in the garden stream.  If just one of these test bottles was opened and left alongside the “Just Stop Oil” folk blocking a morning commute, within minutes they’d be begging motorists to drive them away.

After a while, the decision was made to just produce unadulterated Cider and within weeks, things started to go in the expected direction as it was safe to enter our boiler room. With the fermentation process effectively complete, it’s now the case of patience letting the product settle and achieve some clarity. At present, the liquid colour is very similar to milky coffee, albeit milky coffee which currently registers 17% proof alcohol. We’re now back into another test phase, this time adding flavouring to half the Cider while it’s cloudy with the plan being to add flavouring in a month or so, once it’s clear. Our flavouring experiments will be varied, trying some products from Fevertree while separately, trying a couple of droplets from commercial sources. Maybe Fevertree Light Raspberry & Rose lemonade shall prove to be the missing exotic ingredient!

 

As it looks like we shall be adding miniscule’ to Fevertree sales, it makes sense to review their share price as it has clearly ingested a “stupid pill” sometime during the last few months. We’re quite curious as to why the share price is oscillating above and below the Red uptrend since 2015, the movements obviously provoking some confusion. However, now above just 1350p should prove capable (hopefully) of triggering price recovery to an initial 1580p with secondary, if exceeded, calculating at 1838p along with almost certain hesitation. Visually, there’s a fly in the ointment due to considerable care being taken to restrain the price just below the 1500p level.

If things intend to lose their sparkle, below 1142p looks a bit dangerous, capable of promoting reversal down to 1052p with secondary, if broken, at 911p, ideally a level which shall provide a rebound.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:52:24PM	BRENT	8499									‘cess
9:55:12PM	GOLD	1937.29	1928	1911	1902	1935	1938	1940	1948	1932	Success
9:58:15PM	FTSE	31904									ditto
10:00:49PM	STOX50	4332.6									ditto
10:03:33PM	GERMANY	15972.1									ditto
10:06:02PM	US500	4499.4	4455	4444	4425	4475	4501	4515	4568	4461	ditto
10:09:11PM	DOW	34868.5									ditto
10:15:08PM	NASDAQ	15385									ditto
10:17:15PM	JAPAN	32446									‘cess

 

29/08/2023 FTSE Closed at 7465 points. Change of 1.73%. Total value traded through LSE was: £ 9,331,622,622 a change of 194.32%

25/08/2023 FTSE Closed at 7338 points. Change of 0.07%. Total value traded through LSE was: £ 3,170,549,348 a change of -23.12%

24/08/2023 FTSE Closed at 7333 points. Change of 0.18%. Total value traded through LSE was: £ 4,124,022,746 a change of -11.8%

23/08/2023 FTSE Closed at 7320 points. Change of 0.69%. Total value traded through LSE was: £ 4,675,646,982 a change of 18.86%

22/08/2023 FTSE Closed at 7270 points. Change of 0.18%. Total value traded through LSE was: £ 3,933,596,955 a change of 1.59%

21/08/2023 FTSE Closed at 7257 points. Change of -0.07%. Total value traded through LSE was: £ 3,872,219,406 a change of -12.04%

18/08/2023 FTSE Closed at 7262 points. Change of -100%. Total value traded through LSE was: £ 4,402,136,865 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:CNA Centrica** **LSE:ODX Omega Diags** **LSE:RR. Rolls Royce** **LSE:TERN Tern Plc** **LSE:TSCO Tesco** **

********

Updated charts published on : Aston Martin, Centrica, Omega Diags, Rolls Royce, Tern Plc, Tesco,

LSE:AML Aston Martin. Close Mid-Price: 354 Percentage Change: + 4.73% Day High: 359.6 Day Low: 344.8

Further movement against Aston Martin ABOVE 359.6 should improve accelera ……..

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LSE:CNA Centrica. Close Mid-Price: 148.95 Percentage Change: + 1.53% Day High: 148.55 Day Low: 146.75

In the event of Centrica enjoying further trades beyond 148.55, the share ……..

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LSE:ODX Omega Diags Close Mid-Price: 2.4 Percentage Change: -4.00% Day High: 2.5 Day Low: 2.2

Target met. In the event Omega Diags experiences weakness below 2.2 it ca ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 212.9 Percentage Change: + 4.88% Day High: 212.1 Day Low: 205

Further movement against Rolls Royce ABOVE 212.1 should improve accelerat ……..

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LSE:TERN Tern Plc. Close Mid-Price: 5 Percentage Change: + 11.11% Day High: 5.25 Day Low: 4.5

This is almost interesting as above 5.25 should allow movement to an initi ……..

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LSE:TSCO Tesco. Close Mid-Price: 263.6 Percentage Change: + 1.35% Day High: 264 Day Low: 259.7

In the event of Tesco enjoying further trades beyond 264, the share shoul ……..

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

#Brent #Dax  This weekend was a bit odd, especially due to a Grand Prix which was quite good! A smile was certainly justified, when one of the Sky race presenters mentioned the weather on the race track was changing as fast as weather in Scotland does. The last weekend in August has traditionally been questionable here in Scotland, deciding whether to head to Edinburgh for the final buzz of the festival or, head to Cowal in Argyll for the final Highland Games of the season. Once upon a time, the Cowal Games literally could compete with Edinburgh for crowds, extra railway services feeding extra ferry services, yet the only things the two events had in common were kilts, a lot of booze, and a big fireworks display at the end.

Alas, complacency by the organisers, along with utter incompetence by the Scottish Government and local council, has seen the Cowal Games diminish dramatically, not even counting as part of the world championships for bagpipe playing. The last few years has seen something else from this event in Argyll. Quite literally, once the last tourists had headed home or into detox, the weather used to change as within days, we’d habitually glance at the top of mountains expecting to see the first dusting of snow. Traditionally, as August ended, a bite would develop in the air but since 2018 or so, this local nastiness from the weather has been absent. Despite the sea freezing outside our office last February, it’d be hard to describe current Argyll winters as anything other than mild.

 

The poison of complacency remains an intrinsic part of Natwest share price movements. When we reviewed them three weeks ago, we’d an expectation of reversal to 223p followed by a short lived bounce. Our real expectation, if 223p broke, was for a visit down to an eventual 202p. Needless to say, the share visited our target level, broke it slightly, and has been enacting what feels like a fake bounce. Movement now below 221p now calculates with the potential of a visit to 217 with secondary, if (when) broken at a bottom at 204p, a marginal improvement on our previous outlook. Overall, we suspect Natwest intends an eventual rebound just above the 2 quid level.

To get out of trouble Natwest now needs exceed 234p.

 

In the event the share price attempts a miracle, above 234p should allegedly trigger share price recovery to 250p with our secondary, if exceeded, working out at a useful looking 269p. For now, we fear the worst, not least due to Natwest’s historical love of visiting the £2 mark…

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
9:40:52PM	BRENT	8387	8248	8105	7876	8415	8455	8489	8598	8352
9:43:18PM	GOLD	1919.52								1916
9:47:11PM	FTSE	7392								7379
9:49:23PM	STOX50	4297.6								4286
9:53:14PM	GERMANY	15814.4	15669	15639	15577	15710	15820	15836	15937	15760
9:55:00PM	US500	4434.1								4415
9:57:33PM	DOW	34573.5								34504
10:01:32PM	NASDAQ	15058								14944
10:03:39PM	JAPAN	32320								32202

 

25/08/2023 FTSE Closed at 7338 points. Change of 0.07%. Total value traded through LSE was: £ 3,170,549,348 a change of -23.12%

24/08/2023 FTSE Closed at 7333 points. Change of 0.18%. Total value traded through LSE was: £ 4,124,022,746 a change of -11.8%

23/08/2023 FTSE Closed at 7320 points. Change of 0.69%. Total value traded through LSE was: £ 4,675,646,982 a change of 18.86%

22/08/2023 FTSE Closed at 7270 points. Change of 0.18%. Total value traded through LSE was: £ 3,933,596,955 a change of 1.59%

21/08/2023 FTSE Closed at 7257 points. Change of -0.07%. Total value traded through LSE was: £ 3,872,219,406 a change of -12.04%

18/08/2023 FTSE Closed at 7262 points. Change of -0.66%. Total value traded through LSE was: £ 4,402,136,865 a change of 33.13%

17/08/2023 FTSE Closed at 7310 points. Change of -0.63%. Total value traded through LSE was: £ 3,306,539,758 a change of -30.86%

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:EZJ EasyJet** **LSE:GRG Greggs** **LSE:IQE IQE** **LSE:SPT Spirent Comms** **LSE:SPX Spirax** **LSE:TERN Tern Plc** **LSE:TSCO Tesco** **

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Updated charts published on : Capita, EasyJet, Greggs, IQE, Spirent Comms, Spirax, Tern Plc, Tesco,

LSE:CPI Capita Close Mid-Price: 17.58 Percentage Change: -2.12% Day High: 18 Day Low: 17.44

If Capita experiences continued weakness below 17.44, it will invariably ……..

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LSE:EZJ EasyJet Close Mid-Price: 412.4 Percentage Change: -2.74% Day High: 423.3 Day Low: 409.4

If EasyJet experiences continued weakness below 409.4, it will invariably ……..

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LSE:GRG Greggs. Close Mid-Price: 2430 Percentage Change: + 1.08% Day High: 2442 Day Low: 2378

Continued weakness against GRG taking the price below 2378 calculates as ……..

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LSE:IQE IQE. Close Mid-Price: 17.08 Percentage Change: + 0.47% Day High: 17.46 Day Low: 16.78

In the event IQE experiences weakness below 16.78 it calculates with a dr ……..

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LSE:SPT Spirent Comms Close Mid-Price: 148.7 Percentage Change: -1.39% Day High: 152.8 Day Low: 147.6

Weakness on Spirent Comms below 147.6 will invariably lead to 145 with se ……..

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LSE:SPX Spirax Close Mid-Price: 9714 Percentage Change: -0.29% Day High: 9818 Day Low: 9684

Continued weakness against SPX taking the price below 9684 calculates as ……..

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LSE:TERN Tern Plc. Close Mid-Price: 4.5 Percentage Change: + 0.00% Day High: 4.5 Day Low: 4.25

If Tern Plc experiences continued weakness below 4.25, it will invariably ……..

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LSE:TSCO Tesco. Close Mid-Price: 260.1 Percentage Change: + 1.92% Day High: 261.8 Day Low: 255.8

All Tesco needs are mid-price trades ABOVE 261.8 to improve acceleration ……..

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

#FTSE #S&P500 We’d speculated of a “B” team being in charge of the markets during August, due to everyone going on holiday. If this is indeed the case, ‘they’ve’ got just four trading sessions left to return the FTSE to the 7700 level, quite a big ask given it closed Thursday at 7333 points. We certainly found it curious the market broke the uptrend since 2020, suddenly exhibiting recovery thereafter to regain this important trend.

Surprisingly, the degree of recovery shows nothing of panic and now, with Red at roughly 7312.563 points, very little work is required to push things once again over the edge, movement below now threatening reversal to an initial 7251 points. Should such a level break, our secondary calculates at 7095 points and a probable bounce. Should 7312 break, triggering such a reversal cycle, any stop loss can be reasonably tight as the index only needs above 7333 points to rubbish any reversal potentials!

Near term, if the market intends indulge in some frenzied recovery, above 7386 works out with the potential of a lift to 7461 points. If exceeded, our secondary suggests itself at 7487 points and a challenge against the immediate Blue downtrend since the start of August.

Due to market behaviour in Europe and North America, we’ve some doubt as to whether the FTSE shall prove capable of bucking the trend. With Wall St looking at risk of losing a further 300 points from its current level, amazingly exactly the same loss of points risk looks possible for Germany.

 

There’s a silver lining behind all this misery. Not only is it a holiday weekend but Formula 1 also returns on Sunday with the Dutch grand prix. Perhaps the organisers could make it interesting this year by insisting drivers compete wearing wooden clogs.  Have a good weekend.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:14:07PM	BRENT	8268.3	8161	8131		8269	8295	8362		8240
10:16:32PM	GOLD	1916.46	1911	1909		1917	1922	1926		1915
10:19:46PM	FTSE	7313.6	7300	7281		7330	7363	7366		7331
10:22:37PM	STOX50	4211.7	4206	4186		4239	4239	4247		4215	‘cess
10:25:40PM	GERMANY	15557.9	15535	15494		15606	15780	15824		15670	Success
10:28:32PM	US500	4373.6	4366	4347		4397	4414	4420		4394	Shambles
10:32:03PM	DOW	34109.5	34065	34028		34255	34308	34334		34197	Success
10:35:04PM	NASDAQ	14787.5	14773	14683		14924	14994	15079		14904
10:37:32PM	JAPAN	31705	31680	31632		31774	31867	31927		31767	Success

 

24/08/2023 FTSE Closed at 7333 points. Change of 0.18%. Total value traded through LSE was: £ 4,124,022,746 a change of -11.8%

23/08/2023 FTSE Closed at 7320 points. Change of 0.69%. Total value traded through LSE was: £ 4,675,646,982 a change of 18.86%

22/08/2023 FTSE Closed at 7270 points. Change of 0.18%. Total value traded through LSE was: £ 3,933,596,955 a change of 1.59%

21/08/2023 FTSE Closed at 7257 points. Change of -0.07%. Total value traded through LSE was: £ 3,872,219,406 a change of -12.04%

18/08/2023 FTSE Closed at 7262 points. Change of -0.66%. Total value traded through LSE was: £ 4,402,136,865 a change of 33.13%

17/08/2023 FTSE Closed at 7310 points. Change of -0.63%. Total value traded through LSE was: £ 3,306,539,758 a change of -30.86%

16/08/2023 FTSE Closed at 7356 points. Change of -0.45%. Total value traded through LSE was: £ 4,782,194,827 a change of 34.91%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AV. Aviva** **LSE:GRG Greggs** **LSE:IQE IQE** **LSE:QED Quadrise** **

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Updated charts published on : Aviva, Greggs, IQE, Quadrise,

LSE:AV. Aviva Close Mid-Price: 370.8 Percentage Change: -2.57% Day High: 375.5 Day Low: 370.3

Target met. Continued weakness against AV. taking the price below 370.3 c ……..

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LSE:GRG Greggs Close Mid-Price: 2404 Percentage Change: -0.58% Day High: 2446 Day Low: 2384

In the event Greggs experiences weakness below 2384 it calculates with a ……..

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LSE:IQE IQE Close Mid-Price: 17 Percentage Change: -3.30% Day High: 18 Day Low: 16.96

Target met. Weakness on IQE below 16.96 will invariably lead to 15p with ……..

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LSE:QED Quadrise Close Mid-Price: 0.88 Percentage Change: -18.90% Day High: 1 Day Low: 0.7

Target met. Continued weakness against QED taking the price below 0.7 cal ……..

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