Trends And Targets

#FreeFutures #FTSE Digging through her great-grandmothers old sewing box, my wife unearthed a spool of lead, the heavy metal roughly the same thickness as a metal clothes hanger. She explained, patiently, the long deceased relative probably planned to use the lead to add weight to a garments hem. And asked, “could I use the spool for anything?”

The answer, obviously, was YES and the little treasure was immediately spirited away and stored in the odds&ends drawer in the shed, vanishing among the collection of spare screws, fittings, and miscellaneous leftovers from self assembly furniture. Over dinner, my wife asked just what I intended use the lead for?

“No idea, but it could be really handy.”

“You know that sowing box was around 70 years old, the lead stored in a belief it would be ‘really handy’ one day?”

This moment of pause for thought actually relates to the FTSE. For quite a few weeks, I’ve been patiently adhering to the idea the UK market shall recover. This belief, stored in a little area of my brain probably shaped like a shed, has tended drive my opinions, despite the market failing to actually do anything particularly useful. But similar to this spool of lead, the belief in recovery has been protected despite the FTSE failing to do anything useful since April.

 

From a chart perspective, it’s fairly easy to lose faith, were it not for a series of ghostly trend lines on the FTSE chart. Since October last year, five trend lines established themselves and despite the FTSE breaking each uptrend, the market has recovered and in doing so, maintained the FTSE’s place as one of the slowest moving markets in the G7! We’re now at the stage where Red Trend Line #6 has broken (Important: Our criteria for a trend break demands a price close a session below the trend) and, if only due to frustration, our upbeat tone on the FTSE should perhaps end as we embrace a complete lack of optimism. Maybe we’re confusing optimism with utter boredom, due to flat market conditions?

Watching the CEO of a banking concern on TV, the interviewer was attempting to get the guy to admit Thursdays behaviour on USA markets was obviously the beginning of the end for the current stock market bubble. The response was clearly not the one desired, when instead the interviewee simply said; “markets go up and down. At present, the markets are producing all time highs and a blip on a bad day is just that, a blip.”

Hopefully he’s proven correct, the DOW needing exceed 35,000 points to completely assure us Thursday was just a blip.

 

To return to the FTSE, it closed Thursday at 7030 points. The UK index needs below 6980 to provoke some near term concerns, risking reversal toward an initial 6905 points with secondary, if broken, calculating at 6811 points. The secondary target level is a major nuisance, thanks to closure around this level placing the market at severe risk of a dive down to the 6500 level. In such an instance, the spool of lead could be repurposed into making a balloon…

 

Our alternate, optimists scenario, actually feels more likely. Should the FTSE manage to clamber above just 7038 points, we calculate the potential of a climb to 7067 points. If bettered, our secondary works out at 7139 points and returns the FTSE to a point where it risks challenging the Blue downtrend. Embedded amongst these boring numbers is a little detail worthy of mention. Should the FTSE reach 7067 points, the market exceeds the point of Thursdays trend break, suggesting the trend was wrong and conceding the little Red line should join its 5 previous incarnations in being coloured a forgetful grey.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:42:29PM	BRENT	74.15	72.7	72.085	subscribe	73.5	74.18	74.315	subscribe	72.4	‘cess
10:44:30PM	GOLD	1803.14	1793	1785		1804	1806	1810		1793	Success
10:47:18PM	FTSE	7036.38	7012	6988.5		7058	7059	7087		7008	Success
10:51:25PM	FRANCE	6399.9	6345	6306		6415	6432	6451.5		6385	Success
10:53:56PM	GERMANY	15405.65	15376	15314.5		15518	15528	15545.5		15380	Success
10:56:23PM	US500	4318.47	4302	4288		4335	4338	4352		4304	Success
10:58:35PM	DOW	34397	34104	33999		34299	34604	34675.5		34424	Success
11:00:45PM	NASDAQ	14728	14550	14497.5		14677	14804	14874		14730	Success
11:02:59PM	JAPAN	27726	27687	27603		27856	27858	27936		27693

8/07/2021 FTSE Closed at 7030 points. Change of -1.69%. Total value traded through LSE was: £ 5,350,338,695 a change of -5.7%

7/07/2021 FTSE Closed at 7151 points. Change of 0.72%. Total value traded through LSE was: £ 5,673,997,934 a change of 23.9%

6/07/2021 FTSE Closed at 7100 points. Change of -0.89%. Total value traded through LSE was: £ 4,579,399,515 a change of 38.26%

5/07/2021 FTSE Closed at 7164 points. Change of 0.58%. Total value traded through LSE was: £ 3,312,078,677 a change of -20.84%

2/07/2021 FTSE Closed at 7123 points. Change of -0.03%. Total value traded through LSE was: £ 4,184,057,082 a change of -10.65%

1/07/2021 FTSE Closed at 7125 points. Change of 1.25%. Total value traded through LSE was: £ 4,682,685,719 a change of -14.48%

30/06/2021 FTSE Closed at 7037 points. Change of -0.71%. Total value traded through LSE was: £ 5,475,559,287 a change of 23.7%

 

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

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

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

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

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

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

Click Epic to jump to share: LSE:AV. Aviva** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:BP. BP PLC** **LSE:EME Empyrean** **LSE:FOXT Foxtons** **LSE:HSBA HSBC** **LSE:IHG Intercontinental Hotels Group** **LSE:LLOY Lloyds Grp.** **LSE:POG Petrop etc** **LSE:RMG Royal Mail** **LSE:STAN Standard Chartered** **LSE:TSCO Tesco** **LSE:VOD Vodafone** **

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Updated charts published on : Aviva, Barclays, Barrett Devs, BP PLC, Empyrean, Foxtons, HSBC, Intercontinental Hotels Group, Lloyds Grp., Petrop etc, Royal Mail, Standard Chartered, Tesco, Vodafone,

LSE:AV. Aviva Close Mid-Price: 397.8 Percentage Change: -3.35% Day High: 408.9 Day Low: 395.6

If Aviva experiences continued weakness below 395.6, it will invariably l ……..

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LSE:BARC Barclays Close Mid-Price: 167.64 Percentage Change: -2.82% Day High: 170.88 Day Low: 165.22

Weakness on Barclays below 165.22 will invariably lead to 162 with second ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 688.8 Percentage Change: -3.64% Day High: 711.2 Day Low: 681.4

Weakness on Barrett Devs below 681.4 will invariably lead to 674 with sec ……..

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LSE:BP. BP PLC. Close Mid-Price: 307.7 Percentage Change: + 0.00% Day High: 309.35 Day Low: 301.2

If BP PLC experiences continued weakness below 301, it will invariably le ……..

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LSE:EME Empyrean. Close Mid-Price: 8.5 Percentage Change: + 3.66% Day High: 8.9 Day Low: 8.15

Target met. Continued trades against EME with a mid-price ABOVE 8.9 shoul ……..

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LSE:FOXT Foxtons Close Mid-Price: 57.7 Percentage Change: -2.37% Day High: 58.7 Day Low: 55.8

This is still a bit dodgy, despite failing to drop yet. Below 55 now point ……..

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LSE:HSBA HSBC Close Mid-Price: 410.6 Percentage Change: -1.76% Day High: 413.7 Day Low: 406.7

If HSBC experiences continued weakness below 406.7, it will invariably le ……..

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LSE:IHG Intercontinental Hotels Group Close Mid-Price: 4734 Percentage Change: -2.55% Day High: 4839 Day Low: 4667

Weakness on Intercontinental Hotels Group below 4667 will invariably lead ……..

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LSE:LLOY Lloyds Grp. Close Mid-Price: 45.62 Percentage Change: -2.51% Day High: 46.38 Day Low: 44.95

Target met. In the event Lloyds Grp. experiences weakness below 44.95 it ……..

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LSE:POG Petrop etc Close Mid-Price: 22.92 Percentage Change: -2.30% Day High: 23.54 Day Low: 22.84

If Petrop etc experiences continued weakness below 22.84, it will invaria ……..

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LSE:RMG Royal Mail Close Mid-Price: 568.6 Percentage Change: -0.94% Day High: 571.4 Day Low: 560.4

Weakness on Royal Mail below 560.4 will invariably lead to 544 with secon ……..

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LSE:STAN Standard Chartered Close Mid-Price: 446 Percentage Change: -1.20% Day High: 450.9 Day Low: 442.7

Weakness on Standard Chartered below 442.7 will invariably lead to 415 wi ……..

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LSE:TSCO Tesco Close Mid-Price: 234.25 Percentage Change: -1.35% Day High: 240.85 Day Low: 233.8

All Tesco needs are mid-price trades ABOVE 240.85 to improve acceleration ……..

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LSE:VOD Vodafone Close Mid-Price: 117.86 Percentage Change: -1.02% Day High: 119.1 Day Low: 116.66

In the event Vodafone experiences weakness below 116.66 it calculates wit ……..

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

#BrentCrude #SP500 Excited news headlines of a company striking Silver in Cornwall certainly provided a bit of a ‘duh?’ moment. Despite being utterly unfamiliar with the geological strata of the area, a surprising research source had already informed me Silver from Cornwall was hardly something new. Quite the opposite, if the dodgy research source could be trusted! Being one of these folk who’ll read anything, trapped in a hospital room with nothing but romance novelist Catherine Cookson to read, her book (the title escapes me) dealt with the nitty gritty of mining in Cornwall, thankfully about as distant from her presumed ‘bodice ripping’ style of writing as it gets. To my horror, the book proved enjoyable and informative. It remains the only Catherine Cookson novel I’ve read, just in case I get sucked down a rabbit hole!

Already armed with knowledge of Cornwalls 18th century past and the hunt for tin and copper in the area, the newspaper article on Cornish Metals Inc was approached with some scepticism, expecting an attempt to drive expectations, along with the share price, unrealistically high. Thankfully, Cornish Metals own website pays suitable homage to the areas history, the company providing a reasonable history of the industry.

Our utter distrust for anything to do with Silver is fairly straightforward, regarding the price of the metal as dangerously manipulated, thanks to market events ten years ago in April 2011. We remain puzzled why there was never a financial investigation into the price movement and, to this day, our distrust remains to such an extent we never cover Silver futures. Presently trading around 28USD, the big picture advises we shouldn’t be surprised if the market finds a reason to dump the price back to the 14 dollar level, probably making the extraction process unprofitable. However, it appears Cornish Metals are about more than Silver from Cornwall, their website even making mention of Lithium. As a result, some further investigation is justified.

 

From our numbers standpoint, share price movements next exceeding 15.2p calculate with an initial potential of 16.4p. With the share trading at 14.98p at time of writing, this hardly represents the most emphatic price jump. However, should 16.4p be exceeded, we can calculate a longer term secondary at 19p. Above this level, we shall need stir the tea leaves again as currently we cannot calculate higher.

 

To promote alarm bells, the share price will need slip below 13p. Such reversal risks the clutches of reversal down to 9.75p with secondary, if broken, a bottom at 6.5p.

Massive thanks to the folk who showed their approval of the adverts on this page by checking them out. The additional income generated still buys our morning coffees!

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:45:31PM	BRENT	73.19	72.37	72.025	70.15	73.95	75.76	76.33	77.65	73.9	Success
10:47:36PM	GOLD	1803.84
10:49:54PM	FTSE	7151.19									Success
10:52:36PM	FRANCE	6534.6									Success
10:54:37PM	GERMANY	15712									Success
11:07:19PM	US500	4358.97	4329	4324	4311	4346	4362	4366	4377	4350	Shambles
11:09:45PM	DOW	34698									‘cess
11:12:18PM	NASDAQ	14819									Success
11:12:39PM	JAPAN	28347	Nothing	making	sense

 

7/07/2021 FTSE Closed at 7151 points. Change of 0.72%. Total value traded through LSE was: £ 5,673,997,934 a change of 23.9%

6/07/2021 FTSE Closed at 7100 points. Change of -0.89%. Total value traded through LSE was: £ 4,579,399,515 a change of 38.26%

5/07/2021 FTSE Closed at 7164 points. Change of 0.58%. Total value traded through LSE was: £ 3,312,078,677 a change of -20.84%

2/07/2021 FTSE Closed at 7123 points. Change of -0.03%. Total value traded through LSE was: £ 4,184,057,082 a change of -10.65%

1/07/2021 FTSE Closed at 7125 points. Change of 1.25%. Total value traded through LSE was: £ 4,682,685,719 a change of -14.48%

30/06/2021 FTSE Closed at 7037 points. Change of -0.71%. Total value traded through LSE was: £ 5,475,559,287 a change of 23.7%

29/06/2021 FTSE Closed at 7087 points. Change of 0.21%. Total value traded through LSE was: £ 4,426,489,456 a change of -5.63%

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:AVCT Avacta** **LSE:BLOE Block Energy PLC** **LSE:BP. BP PLC** **LSE:EME Empyrean** **LSE:EXPN Experian** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:RBD Reabold Resources PLC** **LSE:SBRY Sainsbury** **LSE:SPX Spirax** **LSE:STAN Standard Chartered** **LSE:TSCO Tesco** **LSE:VOD Vodafone** **LSE:ZOL Zoldav** **

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Updated charts published on : Avacta, Block Energy PLC, BP PLC, Empyrean, Experian, Oxford Instruments, Primary Health, Reabold Resources PLC, Sainsbury, Spirax, Standard Chartered, Tesco, Vodafone, Zoldav,

LSE:AVCT Avacta. Close Mid-Price: 160 Percentage Change: + 3.90% Day High: 159 Day Low: 145.5

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LSE:BLOE Block Energy PLC Close Mid-Price: 2.55 Percentage Change: -7.27% Day High: 2.75 Day Low: 2.45

If Block Energy PLC experiences continued weakness below 2.45, it will in ……..

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LSE:BP. BP PLC Close Mid-Price: 307.7 Percentage Change: -1.00% Day High: 317.65 Day Low: 305.95

Continued weakness against BP. taking the price below 305.95 calculates a ……..

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LSE:EME Empyrean. Close Mid-Price: 8.2 Percentage Change: + 3.80% Day High: 8.3 Day Low: 7.9

Target met. All Empyrean needs are mid-price trades ABOVE 8.3 to improve ……..

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LSE:EXPN Experian. Close Mid-Price: 2943 Percentage Change: + 2.33% Day High: 2949 Day Low: 2881

Target met. Continued trades against EXPN with a mid-price ABOVE 2949 sho ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2470 Percentage Change: + 1.65% Day High: 2505 Day Low: 2420

In the event of Oxford Instruments enjoying further trades beyond 2505, t ……..

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LSE:PHP Primary Health. Close Mid-Price: 160.8 Percentage Change: + 0.88% Day High: 160.8 Day Low: 159.1

All Primary Health needs are mid-price trades ABOVE 160.8 to improve acce ……..

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LSE:RBD Reabold Resources PLC Close Mid-Price: 0.42 Percentage Change: -4.55% Day High: 0.44 Day Low: 0.39

In the event Reabold Resources PLC experiences weakness below 0.39 it cal ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 285.4 Percentage Change: + 2.00% Day High: 286 Day Low: 280.5

Target met. Further movement against Sainsbury ABOVE 286 should improve a ……..

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LSE:SPX Spirax. Close Mid-Price: 14075 Percentage Change: + 1.96% Day High: 14095 Day Low: 13805

Target met. Continued trades against SPX with a mid-price ABOVE 14095 sho ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 451.4 Percentage Change: + 0.11% Day High: 454.8 Day Low: 447.2

In the event Standard Chartered experiences weakness below 447.2 it calcu ……..

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LSE:TSCO Tesco. Close Mid-Price: 237.45 Percentage Change: + 1.37% Day High: 238.9 Day Low: 232.95

Further movement against Tesco ABOVE 238.9 should improve acceleration to ……..

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LSE:VOD Vodafone Close Mid-Price: 119.08 Percentage Change: -0.17% Day High: 120.26 Day Low: 118.58

Weakness on Vodafone below 118.58 will invariably lead to 104 and probabl ……..

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LSE:ZOL Zoldav. Close Mid-Price: 46.5 Percentage Change: + 6.90% Day High: 48 Day Low: 43.5

All Zoldav needs are mid-price trades ABOVE 48 to improve acceleration to ……..

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

#FTSE #CAC40  “Wrong colour toilet paper purchased for the New York Stock Exchange provokes reversals when the markets opened!” Just once, it’d be nice if the financial press conceded they were clueless as to the reason for a market movement. Trawling through the headlines, the cause may be the Federal Reserve, it may be investors taking profit, perhaps it’s something to do with the US President, or then again, China is enacting a crackdown on US listed firms.

The harsh reality was, the market went down with none of the usual suspects (Bloomberg, Reuters & co) able to identify the cause. It was a bit of a surprise seeing the word ‘Covid’ absent from the usual hysterical reasons, so perhaps we are indeed approaching the brave new post pandemic world. Two pretty major details proved absent from the headlines. Firstly, the S&P 500 achieved another new all time high of 4356.46 points, despite closing Tuesday very slightly down. The Nasdaq did better, achieving both another all-time-high and also closing at a all-time-high end of day price. (14786 if interested).

 

All this flamboyance actually relates, rather obliquely, to Enquest Plc. Conventional wisdom expects oil company share price movements to reflect movements in the price of crude oil. Given the company operate six fields in the North Sea, the fact Brent Crude is now trading at levels not seen since 2018 appears to have had little effect on the share price. This brings us to something quite curious, a proper surprise from our software.

In the event Enquest share price manages above 23.5p, apparently we should anticipate a return to the 25p – a detail which is painfully obvious. While this fails to provide a useful trading opportunity, we shall be extremely curious should Enquest manage above 25.2p as this will provide a “higher high” since the trend break and hopeful fuel sufficient force for the price to continue upward to 34p. This target level is mildly fascinating, returning the share price to a level not seen since the end of 2018 when the price of Brent Crude was exactly at the current level.

Regular readers may remember a further detail regarding Brent Crude. We’d anticipated some hesitation at the 75 dollar level and the market has obliged for the last few weeks. However, Brent Crude has now made a few lunges slightly above this level, creating a situation where we can expect further increases in the crude oil markets.

Long story short, at present, the balance of small signs point toward optimism for Enquest. We can even calculate an eventual 53p as providing some future hesitation, should the market feel a recovery cycle justified. Given the share is presently trading around 21p, such a price increase would represent a laudable ambition.

Once again, thanks to the folk keeping us in coffee by finding worthwhile adverts on this page. It’s much appreciated.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:41:18PM	BRENT	74.65									Success
10:43:24PM	GOLD	1797.38									Success
10:45:54PM	FTSE	7099.65	7087	7072	7039	7116	7114	7121	7136	7087
10:48:19PM	FRANCE	6503	6480	6458	6416	6513	6512	6522	6536	6486	‘cess
10:50:37PM	GERMANY	15494									Success
10:53:01PM	US500	4337.37									Success
10:55:07PM	DOW	34505.8									Success
10:57:13PM	NASDAQ	14776
10:59:36PM	JAPAN	28349									Success

6/07/2021 FTSE Closed at 7100 points. Change of -0.89%. Total value traded through LSE was: £ 4,579,399,515 a change of 38.26%

5/07/2021 FTSE Closed at 7164 points. Change of 0.58%. Total value traded through LSE was: £ 3,312,078,677 a change of -20.84%

2/07/2021 FTSE Closed at 7123 points. Change of -0.03%. Total value traded through LSE was: £ 4,184,057,082 a change of -10.65%

1/07/2021 FTSE Closed at 7125 points. Change of 1.25%. Total value traded through LSE was: £ 4,682,685,719 a change of -14.48%

30/06/2021 FTSE Closed at 7037 points. Change of -0.71%. Total value traded through LSE was: £ 5,475,559,287 a change of 23.7%

29/06/2021 FTSE Closed at 7087 points. Change of 0.21%. Total value traded through LSE was: £ 4,426,489,456 a change of -5.63%

28/06/2021 FTSE Closed at 7072 points. Change of -0.9%. Total value traded through LSE was: £ 4,690,740,791 a change of -4.03%

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:AVCT Avacta** **LSE:BP. BP PLC** **LSE:EME Empyrean** **LSE:EXPN Experian** **LSE:OXIG Oxford Instruments** **LSE:RMG Royal Mail** **LSE:SBRY Sainsbury** **LSE:SPX Spirax** **LSE:STAN Standard Chartered** **LSE:TSCO Tesco** **LSE:VOD Vodafone** **LSE:ZOL Zoldav** **

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Updated charts published on : Avacta, BP PLC, Empyrean, Experian, Oxford Instruments, Royal Mail, Sainsbury, Spirax, Standard Chartered, Tesco, Vodafone, Zoldav,

LSE:AVCT Avacta Close Mid-Price: 154 Percentage Change: -13.48% Day High: 177.5 Day Low: 151

If Avacta experiences continued weakness below 151, it will invariably le ……..

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LSE:BP. BP PLC Close Mid-Price: 310.8 Percentage Change: -4.15% Day High: 328.5 Day Low: 310.25

Weakness on BP PLC below 310.25 will invariably lead to 286 with secondar ……..

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LSE:EME Empyrean. Close Mid-Price: 7.9 Percentage Change: + 11.27% Day High: 7.9 Day Low: 7.1

Target met. In the event of Empyrean enjoying further trades beyond 7.9, ……..

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LSE:EXPN Experian. Close Mid-Price: 2876 Percentage Change: + 1.09% Day High: 2874 Day Low: 2830

In the event of Experian enjoying further trades beyond 2874, the share s ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2430 Percentage Change: + 2.10% Day High: 2435 Day Low: 2335

Target met. Continued trades against OXIG with a mid-price ABOVE 2435 sho ……..

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LSE:RMG Royal Mail Close Mid-Price: 574 Percentage Change: -0.69% Day High: 584 Day Low: 572

The situation now requires the price above 613 to suggest travel coming to ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 279.8 Percentage Change: + 0.58% Day High: 281.2 Day Low: 277.6

Continued trades against SBRY with a mid-price ABOVE 281.2 should improve ……..

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LSE:SPX Spirax. Close Mid-Price: 13805 Percentage Change: + 0.58% Day High: 13840 Day Low: 13675

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LSE:STAN Standard Chartered Close Mid-Price: 450.9 Percentage Change: -1.85% Day High: 462 Day Low: 450.4

If Standard Chartered experiences continued weakness below 450.4, it will ……..

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LSE:TSCO Tesco. Close Mid-Price: 234.25 Percentage Change: + 1.19% Day High: 236.45 Day Low: 231

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LSE:VOD Vodafone Close Mid-Price: 119.28 Percentage Change: -2.36% Day High: 122.06 Day Low: 119.02

Continued weakness against VOD taking the price below 119.02 calculates a ……..

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LSE:ZOL Zoldav. Close Mid-Price: 43.5 Percentage Change: + 14.47% Day High: 43.5 Day Low: 38

Continued trades against ZOL with a mid-price ABOVE 43.5 should improve t ……..

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

#GoldFutures #SP500 As we approach “normal”, the inevitable debate about whether to continue to wear masks has erupted. Personally, I’ve always been a little envious about Asian countries, where wearing masks in congested areas has been socially acceptable for years. The virtual eradication of Flu in the UK, during the recent winter, tends testify as to the effectiveness of a little thought in ones daily routine. Even with the legal requirement to wear a mask lifted, this writer intends wearing one in busy public zones for the foreseeable future.

Of course, it’s also true most sane folk avoiding flying, buses, taxis, and trains, vastly reducing the chances of passing any virus along.

 

Another little puzzle comes from the headlines given to “The Delta Variant” of Covid-19. In the early months of the virus, many specialists interviewed were looking forward to the day when Covid-19 started to mutate, their thinking being mutated variations will always be less dangerous to people. One guy, quite eloquently, described a virus quite brutally. If it kills a large percentage of those with whom it comes in contact, this tends minimise the life cycle for a virus. As a result, nasty bugs will always tend mutate to weaker versions of the original as their stronger edition effectively kills itself off.

 

The big question, obviously, is whether people shall once again congregate in public transport. And in the case of the Trainline, will the British public once again cheerfully pay exorbitant prices for a service which fails to compare favourably with trains and transport costs in Europe? In the marketplace, it feels like there’s a quiet expectation for airline industry and related holiday stocks showing some recovery. As a result, it’s perhaps worth glancing at Trainline share price, trading around 320p at time of writing.

Near term, share price movement exceeding 323p should prove capable of triggering some price recovery toward a confident sounding 364p. If bettered, our longer term secondary works out at 408p, visually providing a bit of a question mark. Since the pandemic drop in March of 2020, this share price has presented some really surprising movements, enjoying a trading range of around 3 quid yet neither going up nor down beyond previous levels. Currently, we have a significant problem in calculating anything above 408p in the future, suspecting we shall need revisit the share price if such a level is ever achieved.

The price requires below 285p to provoke trouble, signalling the potential for reversal to 237p. Below such a point presents a severe problem, allowing express travel down to 76p as our ultimate bottom.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:47:50PM	BRENT	76.97									Success
10:49:46PM	GOLD	1792.32	1782	1778.5	1773	1791	1795	1798	1814	1784
10:51:59PM	FTSE	7159.07
10:53:55PM	FRANCE	6570.2
10:56:11PM	GERMANY	15662.6									‘cess
10:57:48PM	US500	4349.3	4341	4336.5	4330	4348	4355	4357.5	4363	4347
10:59:40PM	DOW	34799
11:00:08PM	NASDAQ	Nothing	to	say
11:02:09PM	JAPAN	28624									Success

 

5/07/2021 FTSE Closed at 7164 points. Change of 0.58%. Total value traded through LSE was: £ 3,312,078,677 a change of -20.84%

2/07/2021 FTSE Closed at 7123 points. Change of -0.03%. Total value traded through LSE was: £ 4,184,057,082 a change of -10.65%

1/07/2021 FTSE Closed at 7125 points. Change of 1.25%. Total value traded through LSE was: £ 4,682,685,719 a change of -14.48%

30/06/2021 FTSE Closed at 7037 points. Change of -0.71%. Total value traded through LSE was: £ 5,475,559,287 a change of 23.7%

29/06/2021 FTSE Closed at 7087 points. Change of 0.21%. Total value traded through LSE was: £ 4,426,489,456 a change of -5.63%

28/06/2021 FTSE Closed at 7072 points. Change of -0.9%. Total value traded through LSE was: £ 4,690,740,791 a change of -4.03%

25/06/2021 FTSE Closed at 7136 points. Change of 0.38%. Total value traded through LSE was: £ 4,887,856,351 a change of -13.99%

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:BARC Barclays** **LSE:EME Empyrean** **LSE:EXPN Experian** **LSE:HUR Hurrican Energy** **LSE:MRW Morrisons** **LSE:PMG Parkmead** **LSE:SBRY Sainsbury** **LSE:SDY Speedyhire** **

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Updated charts published on : Barclays, Empyrean, Experian, Hurrican Energy, Morrisons, Parkmead, Sainsbury, Speedyhire,

LSE:BARC Barclays. Close Mid-Price: 177.7 Percentage Change: + 3.10% Day High: 178.28 Day Low: 172.32

In the event of Barclays enjoying further trades beyond 178.28, the share ……..

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LSE:EME Empyrean. Close Mid-Price: 7.1 Percentage Change: + 7.58% Day High: 7.1 Day Low: 6.6

Target met. Further movement against Empyrean ABOVE 7.1 should improve ac ……..

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LSE:EXPN Experian Close Mid-Price: 2845 Percentage Change: -0.56% Day High: 2870 Day Low: 2836

All Experian needs are mid-price trades ABOVE 2870 to improve acceleratio ……..

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LSE:HUR Hurrican Energy. Close Mid-Price: 4.09 Percentage Change: + 16.19% Day High: 4.4 Day Low: 3.7

Target met. Further movement against Hurrican Energy ABOVE 4.4 should imp ……..

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LSE:MRW Morrisons. Close Mid-Price: 267.5 Percentage Change: + 11.55% Day High: 269 Day Low: 265.2

Target met. In the event of Morrisons enjoying further trades beyond 269, ……..

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LSE:PMG Parkmead. Close Mid-Price: 55 Percentage Change: + 7.84% Day High: 58.2 Day Low: 51

Target met. All Parkmead needs are mid-price trades ABOVE 58.2 to improve ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 278.2 Percentage Change: + 2.28% Day High: 279.8 Day Low: 273.6

Target met. All Sainsbury needs are mid-price trades ABOVE 279.8 to impro ……..

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LSE:SDY Speedyhire. Close Mid-Price: 74 Percentage Change: + 3.06% Day High: 75 Day Low: 73.4

Near term, above 76 should prove capable of significant hope, presenting a ……..

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

Lloyds Bank (LSE:LLOY) Of all the trite sayings attributed to the stock market, “The Trend’s Your Friend” is probably the most annoying. Just what is a sodding trend? Is it a line on a chart, if so, what line. Or is it something to do with the share price, in relation to whatever it used to be. Perhaps it’s something to do with the media and their unfortunate habit of assigning “Strong Buy” or “Strong Sell” against a share price!

It’s all important, it’s all nonsense, and it’s all hitting us every day.

Currently, Lloyds Bank presents a perfect ‘case in point’.

 

The big chart from 2012 (below) suggests utter panic, should Lloyds find sufficient excuse to slither below the 24p level, represented by a big Red line. From our perspective, this makes some sense as it produces a picture where Lloyds risks bottoming at 6p or so. In an easy summary, the share price needs half before panic ensues but, to be fair, the way the market works it wouldn’t exactly surprise us if the share dipped below 24p in an opening second movement, triggering a load of stop loss levels and then, produced a miracle bounce anyway. Always remember, the market is in business to make money.

Then, there’s another trend line, one since the lows of 2020. Presently, this adornment lurks at roughly 42p with the bank share price safely above.

Perhaps we should talk about the 2021 trend, starting from a low of 33p. Currently this ad hoc line lurks at 46p, dangerously close to the current price level of 47p!

“Which sodding trend should be watched?”

From our perspective, focused on numbers, the answer is pretty simple. None of them…

The bank share price needs slink below 44p to force raised eyebrows, this suggesting some weakness has entered calculations with the share trading at lower levels, since the market opted to “gap” the price up in April. Initially we’d be looking for a phoney bounce at 42p before the share found a bottom level at around 39.5p. Absent from this tier of calculations is any form of trend line. Prices go up and down with movement since the pandemic hit tending suggest painting a line on a chart will provide little clue. Instead, it’s worth reviewing historical movements in relation to these calculated target levels, just to see if they make any sort of visual sense. In the case of 39.5p as a potential bounce point, price shuffles in 2021 and again, at the end of 2020, tend suggest it worth paying attention to, if it even appears. Please remember, we are describing a movement scenario, attempting to wrap it up in writing what makes sense! At the very minimum, there is a gap (circled) at 42p, one which the gullible will be inclined to believe another trite market saying;

“Gaps are always covered”

They are not. And if they are, the movement is rarely exact.

We write about Lloyds share price every three weeks, generally expressing considerable frustration at the lack of movement. For the present, we’re supposed to be interested in a trading range of just of 2p since last time we put pen to paper. This isn’t an encouraging state of affairs but to return again to the circled area on the chart at 42p at the end of April, there’s little doubt the market opted to manipulate the share price higher, above the immediate Blue downtrend. In a normal world, this should provide a pretty solid indication of coming growth, a substantial clue being the market opting to remove the share price from a downtrend.

At this stage, we’d ordinarily be persuading folk to look for “higher highs” but thanks to the gap, the price is already substantially above all the highs before the trend break. As a result, we’re inclined to invent a price level the share absolutely must exceed, if the price intends to break free of its lethargic 18 months. In the case of Lloyds, only above 51.5p shall convince us some solid movement is upon us, calculating with an initial ambition of 56.5p. If exceeded, our longer term secondary comes along at 66p and visually matches the share price highs, pre-Covid. Once this milestone is attained, it shall be worth paying close attention to the point at which the share price actually closes a session. In the event of closure above just 67p, the value enters the land of “Higher Highs” again, providing an astounding 92p as a viable longer term hope.

Many thanks to all the folk who find the adverts Google places on this webpage worthy of a visit. We enjoy the coffee the income buys, along with the odd croissant!

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
1:58:53PM	BRENT	76.02	75.15	74.565	73.86	76.08	76.35	76.455	76.89	75.65
2:01:27PM	GOLD	1787.88									‘cess
2:27:20PM	FTSE	7128.6									Shambles
2:34:50PM	FRANCE	6554.3
2:41:14PM	GERMANY	15649	15597	15565.5	15518	15688	15708	15731	15814	15611
2:57:08PM	US500	4352.57									Success
2:59:38PM	DOW	34798.4									Success
3:04:48PM	NASDAQ	14723.85									Success
3:09:50PM	JAPAN	28729

 

 

2/07/2021 FTSE Closed at 7123 points. Change of -0.03%. Total value traded through LSE was: £ 4,184,057,082 a change of -10.65%

1/07/2021 FTSE Closed at 7125 points. Change of 1.25%. Total value traded through LSE was: £ 4,682,685,719 a change of -14.48%

30/06/2021 FTSE Closed at 7037 points. Change of -0.71%. Total value traded through LSE was: £ 5,475,559,287 a change of 23.7%

29/06/2021 FTSE Closed at 7087 points. Change of 0.21%. Total value traded through LSE was: £ 4,426,489,456 a change of -5.63%

28/06/2021 FTSE Closed at 7072 points. Change of -0.9%. Total value traded through LSE was: £ 4,690,740,791 a change of -4.03%

25/06/2021 FTSE Closed at 7136 points. Change of 0.38%. Total value traded through LSE was: £ 4,887,856,351 a change of -13.99%

24/06/2021 FTSE Closed at 7109 points. Change of 0.49%. Total value traded through LSE was: £ 5,682,704,264 a change of 17.41%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AV. Aviva** **LSE:BLOE Block Energy PLC** **LSE:DDDD 4D Pharma** **LSE:ECO ECO (Atlantic) O & G** **LSE:FGP Firstgroup** **LSE:HIK Hikma** **LSE:PMG Parkmead** **LSE:QFI Quadrise** **LSE:VEC Vectura** **

********

Updated charts published on : Aviva, Block Energy PLC, 4D Pharma, ECO (Atlantic) O & G, Firstgroup, Hikma, Parkmead, Quadrise, Vectura,

LSE:AV. Aviva. Close Mid-Price: 407.6 Percentage Change: + 0.07% Day High: 412.8 Day Low: 406.9

Below 403 looks slightly problematic, allowing reversal to 392 with second ……..

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LSE:BLOE Block Energy PLC Close Mid-Price: 2.65 Percentage Change: -3.64% Day High: 2.8 Day Low: 2.7

Below 2.6 looks like triggering reversal to an initial 2.2 and hopefully a ……..

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LSE:DDDD 4D Pharma. Close Mid-Price: 96.9 Percentage Change: + 0.00% Day High: 100 Day Low: 95.8

Below 89 suggests issues, permitting reversal to an initial 82 with second ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 28.75 Percentage Change: + 4.55% Day High: 30 Day Low: 27.5

All ECO (Atlantic) O & G needs are mid-price trades ABOVE 30 to improve a ……..

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LSE:FGP Firstgroup Close Mid-Price: 85.4 Percentage Change: -2.29% Day High: 90.15 Day Low: 84.9

Continued trades against FGP with a mid-price ABOVE 90.15 should improve ……..

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LSE:HIK Hikma. Close Mid-Price: 2543 Percentage Change: + 0.12% Day High: 2598 Day Low: 2537

Continued trades against HIK with a mid-price ABOVE 2598 should improve t ……..

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LSE:PMG Parkmead. Close Mid-Price: 51 Percentage Change: + 12.09% Day High: 50 Day Low: 46

Target met. Further movement against Parkmead ABOVE 50 should improve acc ……..

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LSE:QFI Quadrise Close Mid-Price: 3.37 Percentage Change: -3.86% Day High: 3.82 Day Low: 3.33

In the event Quadrise experiences weakness below 3.33 it calculates with ……..

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LSE:VEC Vectura. Close Mid-Price: 136.8 Percentage Change: + 0.29% Day High: 137.4 Day Low: 132.6

If Vectura experiences continued weakness below 132.6, it will invariably ……..

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

#FTSE & #FreeFutures As we crawl into what’s traditionally the 2nd quietest month of the year, after August, the FTSE isn’t yet doing much to gather peoples attention. The market opened June at 7022 points, closing the month at 7037 points. The in-between bit experienced a real trading range of just 200 points, discounting two fake opening second market spikes. Long story short, June was about as exciting as waiting for the toaster to pop up. Then realising you’d forgotten to turn it on…

The UK market has been pretty flat since April, movements tending to favour little nudges rather than anything solid. This painful experience suggests not holding out for anything special during the holiday period of July & August. Of course, the UK stock market, always blessed with a sense of humour, is liable to use this period to actually engage in proper movements, favouring a time when actual trades are at low levels. Obviously, this is just a silly theory but it’s based on experience; never, ever, expect the market to do the obvious. Just because the punters install “holiday brain” most emphatically will not require the market to do similar.

Who knows, with so called “Freedom Day” looming later this month, perhaps it shall be used as an excuse for positive movement as the FTSE remains solidly behind most other major markets in its recovery from the Covid-19 low. A couple of straightforward examples come from France & Germany. Had the FTSE (currently 7125 points) matched France, it would presently be 1,000 points higher. Had the FTSE matched Germany, it would be 1,400 points higher.

We’ve been hoping for signs of a surge to the 7550 level but even when something occurs which, in normal markets would be a trigger, the FTSE simply enacts a polite little hop before failing to exceed targets.

Presently trading around 7123 points, the index is supposed to be on track for 7145 points. Given the tiny number of points involved, we’ll opt to take the stance of using this very short term target as a potential trigger level.

Should the index stumble above 7145 points, we can calculate the potential of 7177 points next with secondary, if exceeded, coming along at 7192 points. This secondary has the potential to become quite a big deal, effectively matching the highest level achieved since last years pandemic droop, taking the UK market to the edge of higher highs and hopefully, significant further gains to 7330 points.

 

If things intend go wrong, the FTSE needs trade below 7085, this enjoying the potential of provoking reversals to an initial 7064 points. Should such a level break, our secondary works out at 7031 points and the visuals suggest a bounce should such a level appear.

 

Have a good weekend. Hopefully Formula One shall not again produce another boring race from Austria.

Many thanks to those who find adverts of sufficient interest to view on this page. Your visits fund our coffee intake!

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:34:23PM	BRENT	75.56	75.1	74.555		76	76.28	76.8225		75.24	Success
10:38:03PM	GOLD	1776.95	1765	1759		1776	1784	1787		1772	Success
10:41:04PM	FTSE	7144	7049	7016		7084	7149	7176		7113	‘cess
10:43:13PM	FRANCE	6571	6528	6519		6555	6575	6602.5		6540	‘cess
10:48:22PM	GERMANY	15625	15487	15416		15638	15710	15731.5		15572	Success
10:50:35PM	US500	4318	4294	4290		4314	4322	4327		4308	Success
10:53:03PM	DOW	34616	34493	34434		34604	34644	34696		34546	‘cess
10:55:16PM	NASDAQ	14553	14477	14442		14577	14616	14639		14508
10:58:26PM	JAPAN	28739	28649	28567.5		28730	28797	28845.5		28649

1/07/2021 FTSE Closed at 7125 points. Change of 1.25%. Total value traded through LSE was: £ 4,682,685,719 a change of -14.48%

30/06/2021 FTSE Closed at 7037 points. Change of -0.71%. Total value traded through LSE was: £ 5,475,559,287 a change of 23.7%

29/06/2021 FTSE Closed at 7087 points. Change of 0.21%. Total value traded through LSE was: £ 4,426,489,456 a change of -5.63%

28/06/2021 FTSE Closed at 7072 points. Change of -0.9%. Total value traded through LSE was: £ 4,690,740,791 a change of -4.03%

25/06/2021 FTSE Closed at 7136 points. Change of 0.38%. Total value traded through LSE was: £ 4,887,856,351 a change of -13.99%

24/06/2021 FTSE Closed at 7109 points. Change of 0.49%. Total value traded through LSE was: £ 5,682,704,264 a change of 17.41%

23/06/2021 FTSE Closed at 7074 points. Change of -0.23%. Total value traded through LSE was: £ 4,840,178,620 a change of 4.89%

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:AVCT Avacta** **LSE:EXPN Experian** **LSE:HIK Hikma** **LSE:IHG Intercontinental Hotels Group** **LSE:PHP Primary Health** **LSE:QFI Quadrise** **

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Updated charts published on : Avacta, Experian, Hikma, Intercontinental Hotels Group, Primary Health, Quadrise,

LSE:AVCT Avacta. Close Mid-Price: 185.4 Percentage Change: + 4.98% Day High: 179.5 Day Low: 170.5

Even above 207 should give an early indication of some recovery taking pla ……..

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LSE:EXPN Experian. Close Mid-Price: 2839 Percentage Change: + 1.90% Day High: 2841 Day Low: 2788

Further movement against Experian ABOVE 2841 should improve acceleration ……..

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LSE:HIK Hikma. Close Mid-Price: 2540 Percentage Change: + 3.84% Day High: 2540 Day Low: 2459

All Hikma needs are mid-price trades ABOVE 2540 to improve acceleration t ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4876 Percentage Change: + 1.37% Day High: 4922 Day Low: 4832

This has some surprising potentials, perhaps even truly amazing given the ……..

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LSE:PHP Primary Health. Close Mid-Price: 154.6 Percentage Change: + 0.45% Day High: 155.1 Day Low: 153.9

In the event Primary Health experiences weakness below 153.9 it calculate ……..

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LSE:QFI Quadrise Close Mid-Price: 3.5 Percentage Change: -2.78% Day High: 3.5 Day Low: 3.36

Continued weakness against QFI taking the price below 3.36 calculates as ……..

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

#Gold #DowJones Just over a month ago, we reviewed #Hurricane Energy and, to be honest, didn’t anticipate the share price moving with any great strength without a solid change in circumstance. We even demanded the price exceed 3.5p to force us to “run the numbers” again. A pile of emails, mentioning it closed the end of June at 3.6p, forced us to look at the strength which has taken the share price from 1.25 to 3.6p in such a short period, in the hope we can extrapolate a sensible future.

 

Our inclination (for now) is to establish 4.45p as the next major trigger level. Our reasoning for this comes from above such a level (and incidentally, it’s also the next target on the immediate cycle), the influences acting on Hurricane energy change quite dramatically. We can calculate an initial potential of 5.6p with secondary, if exceeded, at an amazing 12p. The secondary looks almost certain to provide some hesitation, matching a strange period of price movements (circled) from April & May 2020, where the market clearly had some sort of reasoning which it employed to stop the price going up. This suspicion was finally confirmed when the share price was gapped downward below, from our viewpoint, a crucial level as we couldn’t reliably calculate a bottom below 11p.

By every standard, anything which recovers Hurricane Energy share price above 11p shall be significant, implying whatever the market thoughts which provoked the last years shambles, can now be forgotten and some true recovery can commence. It’s a really big deal, one which currently allows us to pencil a price growth template to a surprising 17p.

 

For now, by establishing a trigger at 4.45p, we’re being pretty cautious despite Hurricane experiencing a 28% day at the end of June. Unfortunately, with the UK stock market, blind optimism will often take you to the edge of a cliff.

If everything intends go horribly wrong, the share price now needs trade below 2.25p.

Again, our thanks to the folk who find adverts on this page worth a visit. And thanks for the coffee!

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:17:16PM	BRENT	74.62
10:20:09PM	GOLD	1770.43	1753	1747	1738	1765	1774	1778	1782	1763
10:27:39PM	FTSE	7064
10:43:29PM	FRANCE	6529									Success
10:49:26PM	GERMANY	15583									Success
10:51:50PM	US500	4302									Shambles
10:53:50PM	DOW	34551	34344	34290	34197	34455	34569	34658	34835	34452	Success
10:54:18PM	NASDAQ	14567	Utterly	no	idea	what	it	is	playing	at
10:56:40PM	JAPAN	28771									Success

 

30/06/2021 FTSE Closed at 7037 points. Change of -0.71%. Total value traded through LSE was: £ 5,475,559,287 a change of 23.7%

29/06/2021 FTSE Closed at 7087 points. Change of 0.21%. Total value traded through LSE was: £ 4,426,489,456 a change of -5.63%

28/06/2021 FTSE Closed at 7072 points. Change of -0.9%. Total value traded through LSE was: £ 4,690,740,791 a change of -4.03%

25/06/2021 FTSE Closed at 7136 points. Change of 0.38%. Total value traded through LSE was: £ 4,887,856,351 a change of -13.99%

24/06/2021 FTSE Closed at 7109 points. Change of 0.49%. Total value traded through LSE was: £ 5,682,704,264 a change of 17.41%

23/06/2021 FTSE Closed at 7074 points. Change of -0.23%. Total value traded through LSE was: £ 4,840,178,620 a change of 4.89%

22/06/2021 FTSE Closed at 7090 points. Change of 0.4%. Total value traded through LSE was: £ 4,614,657,268 a change of -14.59%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:BP. BP PLC** **LSE:ECO ECO (Atlantic) O & G** **LSE:EME Empyrean** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:ITM ITM Power** **LSE:MKS Marks and Spencer** **LSE:MRW Morrisons** **LSE:POLY Polymetal** **LSE:RR. Rolls Royce** **LSE:STAN Standard Chartered** **LSE:TW. Taylor Wimpey** **

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Updated charts published on : Barclays, Barrett Devs, BP PLC, ECO (Atlantic) O & G, Empyrean, Hurrican Energy, British Airways, ITM Power, Marks and Spencer, Morrisons, Polymetal, Rolls Royce, Standard Chartered, Taylor Wimpey,

LSE:BARC Barclays Close Mid-Price: 171.12 Percentage Change: -1.20% Day High: 174.56 Day Low: 169.32

Continued weakness against BARC taking the price below 167 calculates as l ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 695.2 Percentage Change: -1.53% Day High: 708.2 Day Low: 688.2

If Barrett Devs experiences continued weakness below 688.2, it will invar ……..

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LSE:BP. BP PLC Close Mid-Price: 315 Percentage Change: -0.32% Day High: 318.2 Day Low: 311.2

Remaining frustrating, BP still needs above 337 to indicate potential reco ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 29 Percentage Change: + 9.43% Day High: 29 Day Low: 26

Target met. In the event of ECO (Atlantic) O & G enjoying further trades ……..

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LSE:EME Empyrean. Close Mid-Price: 6.98 Percentage Change: + 5.76% Day High: 6.9 Day Low: 6.6

Continued trades against EME with a mid-price ABOVE 6.9 should improve th ……..

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LSE:HUR Hurrican Energy. Close Mid-Price: 3.6 Percentage Change: + 28.57% Day High: 3.8 Day Low: 2.75

Target met. Continued trades against HUR with a mid-price ABOVE 3.8 shoul ……..

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View Previous Hurrican Energy & Big Picture ***

LSE:IAG British Airways. Close Mid-Price: 174.22 Percentage Change: + 0.18% Day High: 175.94 Day Low: 167.56

Weakness on British Airways below 167.56 will invariably lead to 153 and ……..

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LSE:ITM ITM Power Close Mid-Price: 455.4 Percentage Change: -7.14% Day High: 495.8 Day Low: 444

Continued trades against ITM with a mid-price ABOVE 495.8 should improve ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 146.45 Percentage Change: -2.11% Day High: 151.25 Day Low: 145.75

If Marks and Spencer experiences continued weakness below 145.75, it will ……..

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LSE:MRW Morrisons. Close Mid-Price: 246.7 Percentage Change: + 4.53% Day High: 251.7 Day Low: 235.2

Target met. Continued trades against MRW with a mid-price ABOVE 251.7 sho ……..

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LSE:POLY Polymetal Close Mid-Price: 1554.5 Percentage Change: -0.51% Day High: 1570.5 Day Low: 1548.5

If Polymetal experiences continued weakness below 1548.5, it will invaria ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 98.92 Percentage Change: + 0.34% Day High: 99.9 Day Low: 94.69

Target met. Weakness on Rolls Royce below 94.69 will invariably lead to 9 ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 461 Percentage Change: + 0.22% Day High: 465 Day Low: 453.3

Continued weakness against STAN taking the price below 453.3 calculates a ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 158.95 Percentage Change: -2.03% Day High: 163.2 Day Low: 156.9

Target met. Weakness on Taylor Wimpey below 156.9 will invariably lead to ……..

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View Previous Taylor Wimpey & Big Picture ***

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