Trends And Targets

#FTSE & #BrentCrude We’re worried about Brent Crude! Not because it may go up or down but because of our historical reputation with the stuff. Our track record of getting it right, when it comes to Big Picture movements for crude oil is causing immediate concern. The price of Brent now flapping around in a zone where it risks triggering a pretty major price cycle and if it does so, it shall also trigger daily nerves at our end.

The first “issue” comes from the immediate price. The commodity is trading above the pre-pandemic level of 60 dollars. This provides the first trip into the realm of confidence.

The second “issue” is provided by the Blue line on the chart. This very obvious downtrend has now been exceeded, another reason for hope for the future.

The third “issue” is the previous high of 70 dollars, a price level which confirmed the Blue downtrend. As this has now been bettered, Brent Crude is now living in the land of Higher Highs, conventionally the place where optimism resides.

And finally, there’s our immediate target level just above the 75 dollar mark. This was calculated using price movements from this year, hardly a big picture thing. Should Brent Crude now exceed 75.50, the price enters the realm of Big Picture calculations. As a result, we shall be forced to promote the concept of further price miracles in the direction of 93 dollars initially with secondary, if exceeded, working out at 100 dollars.

If it all intends go wrong for Brent, the price needs drip below 68 dollars as this risks triggering an initial $60 with secondary, if broken, at $54. At present, the oil price is twitching around, just below our 75 dollar level, displaying the hesitation we refer to as “stutters” prior to a future demonstration of direction.

FTSE for FRIDAY Usually, the market sidles toward the weekend, giving a bit of a clue as to market direction in the near term. For Friday, we can agree on one thing; we’re utterly clueless as to market intentions! On Thursday, the index dropped (a bit), successfully hitting our initial target, even breaking it for a few minutes. But as all the days action took place in the opening second of trade, it was all very artificial, leaving nothing in its wake except confusion.  From our perspective, Thursday was an utter waste of time, especially as the market itself didn’t feel like it knew what to do with itself.

The conclusion drawn from the exercise suggests the FTSE actually now needs below 7125 before any reversal dare be taken seriously. Such a movement feels like it could now trigger reversal to an initial 7095 points with secondary, if broken, calculating at 7057 points.

However, we still maintain the hope the FTSE shall join other major index’ by trading above its pre-pandemic high of 7550. This results in the (perhaps naive) hope the index enjoys underlying force driving it upward. If this indeed is the case, above 7175 points suggests the potential of near term movement to an initial 7201 points. If bettered, our secondary works out at 7265 points.

It may also be worth remembering the lesson from Thursday. If all the action occurs in the first second of trade, why not go do something else as the day is liable to be another waste of time. There’s always some grass needing cut…

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
11:02:56PM	BRENT	72.53	71.96	71.4		72.9	72.9	73.335		72.43	‘cess
11:05:46PM	GOLD	1775.86	1767	1760		1792	1792	1803		1772	Success
11:07:43PM	FTSE	7162	7126	7098		7170	7172	7187.5		7137	Shambles
11:22:30PM	FRANCE	6670	6639	6627.5		6670	6671	6681		6659	‘cess
11:25:01PM	GERMANY	15746	15630	15600		15737	15756	15811.5		15678
11:27:20PM	US500	4225.87	4216	4206		4233	4237	4249		4210	‘cess
11:30:09PM	DOW	33836	33748	33644		33898	34084	34117.5		33856	Success
11:32:21PM	NASDAQ	14193	13870	13729.5		13952	14208	14242		14102
11:33:52PM	JAPAN	29197	28850	No idea			29204	29363		29060	Success

17/06/2021 FTSE Closed at 7153 points. Change of -0.43%. Total value traded through LSE was: £ 5,772,023,987 a change of -2.72%

16/06/2021 FTSE Closed at 7184 points. Change of 0.17%. Total value traded through LSE was: £ 5,933,708,307 a change of 0.36%

15/06/2021 FTSE Closed at 7172 points. Change of 0.36%. Total value traded through LSE was: £ 5,912,147,960 a change of 2.11%

14/06/2021 FTSE Closed at 7146 points. Change of 0.17%. Total value traded through LSE was: £ 5,789,732,909 a change of 12.95%

11/06/2021 FTSE Closed at 7134 points. Change of 0.65%. Total value traded through LSE was: £ 5,126,105,822 a change of 3.18%

10/06/2021 FTSE Closed at 7088 points. Change of 0.1%. Total value traded through LSE was: £ 4,968,352,767 a change of 1.13%

9/06/2021 FTSE Closed at 7081 points. Change of -0.2%. Total value traded through LSE was: £ 4,913,059,029 a change of 3.4%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BDEV Barrett Devs** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:IQE IQE** **LSE:MRW Morrisons** **LSE:ODX Omega Diags** **LSE:OPG OPG Power Ventures** **LSE:RR. Rolls Royce** **

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Updated charts published on : Barrett Devs, British Telecom, Carclo, MAN, Experian, IQE, Morrisons, Omega Diags, OPG Power Ventures, Rolls Royce,

LSE:BDEV Barrett Devs Close Mid-Price: 724.8 Percentage Change: -1.23% Day High: 733.4 Day Low: 715.8

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LSE:BT.A British Telecom. Close Mid-Price: 205.6 Percentage Change: + 2.70% Day High: 206.5 Day Low: 198.4

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LSE:CAR Carclo Close Mid-Price: 51.9 Percentage Change: -3.89% Day High: 53 Day Low: 50

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LSE:EMG MAN. Close Mid-Price: 190.2 Percentage Change: + 0.00% Day High: 191.95 Day Low: 188.8

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LSE:EXPN Experian. Close Mid-Price: 2785 Percentage Change: + 0.54% Day High: 2782 Day Low: 2717

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LSE:IQE IQE. Close Mid-Price: 50.9 Percentage Change: + 2.62% Day High: 51 Day Low: 48.25

This has spent a month, failing to go down, failing to go up. It shall be ……..

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LSE:MRW Morrisons. Close Mid-Price: 181.7 Percentage Change: + 2.89% Day High: 182.7 Day Low: 179.3

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LSE:ODX Omega Diags Close Mid-Price: 60.5 Percentage Change: -0.82% Day High: 65 Day Low: 57.75

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LSE:OPG OPG Power Ventures. Close Mid-Price: 14.75 Percentage Change: + 0.00% Day High: 14.75 Day Low: 14.25

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LSE:RR. Rolls Royce. Close Mid-Price: 111.92 Percentage Change: + 1.75% Day High: 113.42 Day Low: 109.12

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

#Dax #Nikkei This, essentially, is a tale of two transport companies. Both operate internationally, the French company flourishing, the British one rather less well. Obviously, the key ingredient is what they transport, Bollore moving “stuff” in trucks, Jet2 stuffing people onto jets. At least, that’s what Jet2 would love to do, aside from the small matter of a pandemic utterly trashing their business. The original pandemic price drop, when the company were known as Dart Group, saw the share plunge from 19 quid down to below £2. Changing their name last year to Jet2 certainly appears to have improved their fortunes, despite passenger numbers  being dreadful

Presently trading around 1225p, it has been a real surprise witnessing the share climb from the pandemic low of 184p, despite air travel remaining a fraught ambition thanks to the UK Govt appearing to apply arbitrary rules against destinations. Even if inclined to fly somewhere, as Portugal recently proved, there’s a real risk of a holiday being interrupted, thanks to a change in status for a destination. The threat of being forced to quarantine for 10 days on return, forced holidaymakers to grab flights to the UK in panic before the new rules were applied.

It certainly begs the question; if a country has become dodgy, facing a change to its status, why bother giving 5 days notice? The Covid-19 germ must be one of the most intelligent virus’ ever, knowing it’s not to travel to the UK during the warning period before travel stops.

We find it interesting the bounce from pandemic bottom has been so energetic. We’d calculated the potential of movement to 1411p, the price achieving this target pretty effortlessly and better still, exceeding the level through 6 price movement cycles, the most recent upward pulse hitting 1571p. While encouraging, movement in the last few weeks is proving a concern, the immediate situation suggesting weakness continuing below 1215 risks an attempt at 1093p.

Descending to such a level risks provoking a bigger picture problem as below 1093p threatens a further change down to a bottom, hopefully, at 949p.

Visually, some slight hope is available, should the share somehow find impetus to lift itself above Red on the chart, currently around 1400p. Such a miracle calculates with a cycle commencing toward 1848p, pretty close to (but not exceeding) their pre-pandemic high. Only when shares start trading above this level shall we become truly enthusiastic, rather than cautious.

Bollore (EU:BOL) Regarded as one of the worlds 500 largest companies, Bollore are a French transport company, founded in 1822. We’ll admit, we’d never heard of them until we studied price movements in Europe in the hope of finding a decent “pick” where the upward potentials reflect what’s happening with the French stock market. As it has exceeded its levels pre-Covid, we’re automatically hopeful for its future.

Before the Covid-19 drop last year, Bollore achieved 3.9 Euro and now, is trading higher at 4.42. The share price has exhibited a reliable climb from being laid low by the virus and importantly, the market opted to gap it upward (circled) in February, clearly intending a visit to happier climes.

The current scenario suggests above 4.6 Euro should head to an initial 4.95, along with some probable hesitation. But we expect 4.95 shall be exceeded, giving a longer term potential of 5.64, along with a need to revisit our numbers for the future. If everything intends go wrong, the share will require trading below 4.03 to inspire panic, along with a real threat of traffic down to 3.4 and hopefully a bounce.

As ever, our thanks to those folk who find adverts on this page worth a visit.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:49:04PM	BRENT	73.43
10:52:02PM	GOLD	1812.03									Success
10:54:14PM	FTSE	7166
10:56:11PM	FRANCE	6647									Shambles
10:59:24PM	GERMANY	15671	15659	15627.5	15572	15758	15767	15807.5	15857	15659	Success
11:01:25PM	US500	4212.27									Success
11:03:53PM	DOW	33965									Success
11:13:30PM	NASDAQ	13937									Success
11:15:35PM	JAPAN	29240	29140	29110	28990	29330	29412	29429	29525	29234	Success

16/06/2021 FTSE Closed at 7184 points. Change of 0.17%. Total value traded through LSE was: £ 5,933,708,307 a change of 0.36%

15/06/2021 FTSE Closed at 7172 points. Change of 0.36%. Total value traded through LSE was: £ 5,912,147,960 a change of 2.11%

14/06/2021 FTSE Closed at 7146 points. Change of 0.17%. Total value traded through LSE was: £ 5,789,732,909 a change of 12.95%

11/06/2021 FTSE Closed at 7134 points. Change of 0.65%. Total value traded through LSE was: £ 5,126,105,822 a change of 3.18%

10/06/2021 FTSE Closed at 7088 points. Change of 0.1%. Total value traded through LSE was: £ 4,968,352,767 a change of 1.13%

9/06/2021 FTSE Closed at 7081 points. Change of -0.2%. Total value traded through LSE was: £ 4,913,059,029 a change of 3.4%

8/06/2021 FTSE Closed at 7095 points. Change of 0.25%. Total value traded through LSE was: £ 4,751,728,118 a change of 8.88%

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.

 

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:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:GKP Gulf Keystone** **LSE:HIK Hikma** **LSE:IAG British Airways** **LSE:OXIG Oxford Instruments** **LSE:QFI Quadrise** **LSE:SPX Spirax** **LSE:TLW Tullow** **

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Updated charts published on : BP PLC, British Telecom, Centrica, Capita, Diageo, MAN, Experian, Gulf Keystone, Hikma, British Airways, Oxford Instruments, Quadrise, Spirax, Tullow,

LSE:BP. BP PLC Close Mid-Price: 328.95 Percentage Change: -1.13% Day High: 336.95 Day Low: 328.4

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LSE:BT.A British Telecom. Close Mid-Price: 200.2 Percentage Change: + 1.44% Day High: 203.1 Day Low: 197.1

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LSE:CNA Centrica Close Mid-Price: 52.16 Percentage Change: -0.15% Day High: 52.44 Day Low: 51.66

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LSE:CPI Capita Close Mid-Price: 38.55 Percentage Change: -1.26% Day High: 39.5 Day Low: 37.83

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LSE:DGE Diageo. Close Mid-Price: 3486.5 Percentage Change: + 0.23% Day High: 3509 Day Low: 3478.5

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LSE:EMG MAN. Close Mid-Price: 190.2 Percentage Change: + 0.77% Day High: 190.85 Day Low: 186.95

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LSE:EXPN Experian. Close Mid-Price: 2770 Percentage Change: + 0.91% Day High: 2775 Day Low: 2750

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LSE:GKP Gulf Keystone. Close Mid-Price: 201 Percentage Change: + 1.21% Day High: 202.5 Day Low: 197.4

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LSE:HIK Hikma. Close Mid-Price: 2512 Percentage Change: + 1.05% Day High: 2533 Day Low: 2479

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LSE:IAG British Airways. Close Mid-Price: 196.64 Percentage Change: + 0.92% Day High: 198.06 Day Low: 193.64

This now needs exceed 226 to confirm “proper” upward travel, allowing an i ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2265 Percentage Change: + 0.89% Day High: 2290 Day Low: 2215

Target met. Continued trades against OXIG with a mid-price ABOVE 2290 sho ……..

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LSE:QFI Quadrise Close Mid-Price: 3.94 Percentage Change: -8.37% Day High: 4.3 Day Low: 3.89

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LSE:SPX Spirax. Close Mid-Price: 13595 Percentage Change: + 0.93% Day High: 13655 Day Low: 13455

ABOVE 13585 should improve the share value to firstly 14070 with secondary ……..

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LSE:TLW Tullow. Close Mid-Price: 64.94 Percentage Change: + 0.90% Day High: 66.18 Day Low: 63.56

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

#FTSE #Nasdaq Given #WestminsterGroup core function, the company are probably drooling at the prospect of Northern Ireland being separated from the UK. The current ludicrous situation, pet dogs (and all livestock) needing a passport to board the ferry, along with increasingly draconian regulations on trade (within the UK, it must be remembered!) must be weakening any argument for the province to remain as part of the UK. Of course, this sort of thing is Westminster Groups specialist subject, literally a global player in strategic security for many countries.

The company website certainly “talks a good game”, making us puzzle how a share which once traded up at 95p is now floundering down at the 5.58p level. While some research is probably merited, from our perspective we’re more than a little bit curious as to the relatively near future, thanks to the price enacting a Gap Down at the tail of 2020, followed by a Gap Up this week. Traditionally, when we see this sort of thing, it’s generally safe to anticipate a price getting ready to experience some irrational recovery.

It’s easy to believe market thinking was something along the lines of;

November 2020; “Westminster blotted their copybook. Punishment by forced the share price down”

June 2021; “Oops, looks like we overcooked the punishment. Best force the share price up to cover the error”

 

Despite 15th June presenting the market with a 41% gain at the end of the day, thanks to a large airport contract from The Congo in Africa, we’re not convinced the party has actually started! As the chart highlights, there is a very obvious downtrend which started nearly two years ago. Price movements on the 15th May certainly came close to the trend but even the high of the day at 5.78p failed to convince us happy days are ahead. In fact, we’ve a suspicion the share price shall require “gapped up” again. if the market is really serious about getting things moving.

 

The numbers are pretty complex against this, thanks to the gap (manipulation) movements throwing a spanner in our works. Immediately, there’s a demand price movement above 5.95 must almost certainly bring the share to an initial 6.65p. From our software perspective, we expect some hesitation at such a level unless the price is forced upward by a gap. Only above 7.3p dare we believe things shall become truly interesting, this being the trigger level which calculates with an initial 8.8p with secondary, if bettered, a longer term 11.25p.

In keeping with the Irish theme, if ever a share needed a 4 Leaf Clover for luck, Westminster are certainly in pole position. Their share price needs tumble below 4.95p to ring the first alarm bell, warning things may not be going as planned.

Our inclination is of hope for the future of Westminster Group.

 

As always, huge thanks to anyone who finds the adverts on this page worth visiting. We like our daily coffee!

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
11:11:35PM	BRENT	73.85									‘cess
11:14:32PM	GOLD	1859.47									‘cess
11:16:59PM	FTSE	7183	7154	7144	7128	7184	7191	7216	7249	7153
11:20:18PM	FRANCE	6647									Success
11:22:11PM	GERMANY	15743
11:23:35PM	US500	4248									‘cess
11:26:22PM	DOW	34312
11:28:14PM	NASDAQ	14050	14010	13970	13907	14080	14159	14229	14273	13970
11:30:44PM	JAPAN	29332									Success

15/06/2021 FTSE Closed at 7172 points. Change of 0.36%. Total value traded through LSE was: £ 5,912,147,960 a change of 2.11%

14/06/2021 FTSE Closed at 7146 points. Change of 0.17%. Total value traded through LSE was: £ 5,789,732,909 a change of 12.95%

11/06/2021 FTSE Closed at 7134 points. Change of 0.65%. Total value traded through LSE was: £ 5,126,105,822 a change of 3.18%

10/06/2021 FTSE Closed at 7088 points. Change of 0.1%. Total value traded through LSE was: £ 4,968,352,767 a change of 1.13%

9/06/2021 FTSE Closed at 7081 points. Change of -0.2%. Total value traded through LSE was: £ 4,913,059,029 a change of 3.4%

8/06/2021 FTSE Closed at 7095 points. Change of 0.25%. Total value traded through LSE was: £ 4,751,728,118 a change of 8.88%

7/06/2021 FTSE Closed at 7077 points. Change of 0.11%. Total value traded through LSE was: £ 4,364,121,178 a change of 7.1%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BT.A British Telecom** **LSE:DGE Diageo** **LSE:EXPN Experian** **LSE:HUR Hurrican Energy** **LSE:IPF International Personal Finance** **LSE:OXIG Oxford Instruments** **LSE:PPC President Energy** **LSE:SPX Spirax** **LSE:VOD Vodafone** **

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Updated charts published on : British Telecom, Diageo, Experian, Hurrican Energy, International Personal Finance, Oxford Instruments, President Energy, Spirax, Vodafone,

LSE:BT.A British Telecom. Close Mid-Price: 197.35 Percentage Change: + 2.87% Day High: 199.35 Day Low: 190.9

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LSE:DGE Diageo. Close Mid-Price: 3478.5 Percentage Change: + 1.28% Day High: 3484 Day Low: 3449.5

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LSE:EXPN Experian. Close Mid-Price: 2745 Percentage Change: + 1.48% Day High: 2754 Day Low: 2718

Now above 2754 should bring movement to an initial 2829 with secondary, if ……..

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LSE:HUR Hurrican Energy Close Mid-Price: 1.2 Percentage Change: -3.92% Day High: 1.35 Day Low: 1.15

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LSE:IPF International Personal Finance. Close Mid-Price: 143 Percentage Change: + 12.60% Day High: 147.2 Day Low: 136

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2245 Percentage Change: + 3.46% Day High: 2245 Day Low: 2180

Further movement against Oxford Instruments ABOVE 2245 should improve acc ……..

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LSE:PPC President Energy Close Mid-Price: 2.12 Percentage Change: -4.49% Day High: 2.25 Day Low: 2.12

A month has passed and it’s still the case President Energy needs mid-pric ……..

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LSE:SPX Spirax. Close Mid-Price: 13470 Percentage Change: + 2.08% Day High: 13585 Day Low: 13215

Target met. Continued trades against SPX with a mid-price ABOVE 13585 sho ……..

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LSE:VOD Vodafone. Close Mid-Price: 132 Percentage Change: + 1.54% Day High: 132.3 Day Low: 130.22

Apparently movement continuing beyond 132.3 should bring another rise to 1 ……..

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

#Gold #WallSt Mode Global appear to be a company in the right place at the right time. Formed just a few years ago, their stated aim is to ‘become a financial services business delivering the products of tomorrow, today’. Their website is alive with current buzzwords and even the classic ‘fintech’ is now presented with a capital ‘F’, obviously continuing attempts to make Fintech a real word. In fairness, it should be as one of the earlier components of the Fintech field, PayPal, continue to perform quite nicely.

Our eyebrows were raised, reading Mode Global are already in partnership with Tencent and Alibaba, both quite big deals.

Fintech, very basically, can be thought of as ongoing (successful) attempts to replace credit card companies as the method for online purchases. In this arena, Paypal can obviously take a bow, but the potentials continue to be discovered. Today, watching someone pay at a checkout by using their smartphone, was just another application where financial technology is increasingly used. No credit cards nor debit cards were harmed in the process, a single act which must be truly frightening to the entrenched players in the field of retail shopping. It’s easy to suspect some of the major banks must be nervously looking over their shoulder, when new startups appear, their size able to make the transition from “good idea” to “lets try it”, faster than traditional bank customers can type their code into an ATM.

We’ve run the numbers against Mode, the immediate share price prospects looking fairly useful. From our perspective, we can allocate 56.5p as a potential trigger level. In the event this level is exceeded, gains toward an initial 62p look possible with our longer term secondary (or later that day, if good news is involved) calculating at a very possible 70p. Visually, the share needs trade above 83.5p to enter ‘illogical’ territory where we can no longer work out upward numbers. In reality, we suspect we shall need revisit the company, should the 70p level be exceeded.

Condor Gold We’ve received a few emails asking us to look at Condor. Their share price is presently trading around 46.5p and appears to be adhering pretty firmly to the Blue downtrend on the chart, regardless of what’s actually happening to the price of Gold. Invariably, this behaviour tends result in a situation where movement, if triggered, tends be faster that the panic rush to change channel, if anything to do with the Scottish football team comes on TV. This, perhaps unfairly, isn’t just our own household. An acquaintance used to boast he’d never attended a Scotland football match, despite travelling the world with the team in his official capacity with the Football Association. It was certainly worth checking with him, when travelling abroad, as he could recommend fabulous restaurants everywhere!

It begs the question, does his behaviour contribute to the often dire performance of the national team?

 

On the chart below, we’ve painted a little circle around a share price movement recently. This surge to 52.5p, quickly reversed below the trend, gives what should be a reliable starting point as movement above this level works out with an initial ambition of 61p. If exceeded, our secondary calculates at 75p and visually, both target levels make quite a lot of sense.

Perhaps Condor shall prove worth watching. We’d panic, if it managed below 35p.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:09:13PM	BRENT	72.84									‘cess
10:10:55PM	GOLD	1866.44	1862	1859.25	1833	1877	1869	1877	1888	1859	Success
10:13:13PM	FTSE	7160.2									‘cess
10:14:58PM	FRANCE	6627									‘cess
10:17:27PM	GERMANY	15720									Success
10:19:24PM	US500	4255
10:22:07PM	DOW	34382	34204	34174.5	33952	34403	34456	34504.5	34604	34305	‘cess
10:33:07PM	NASDAQ	14119
10:40:23PM	JAPAN	29252									Success

 

14/06/2021 FTSE Closed at 7146 points. Change of 0.17%. Total value traded through LSE was: £ 5,789,732,909 a change of 12.95%

11/06/2021 FTSE Closed at 7134 points. Change of 0.65%. Total value traded through LSE was: £ 5,126,105,822 a change of 3.18%

10/06/2021 FTSE Closed at 7088 points. Change of 0.1%. Total value traded through LSE was: £ 4,968,352,767 a change of 1.13%

9/06/2021 FTSE Closed at 7081 points. Change of -0.2%. Total value traded through LSE was: £ 4,913,059,029 a change of 3.4%

8/06/2021 FTSE Closed at 7095 points. Change of 0.25%. Total value traded through LSE was: £ 4,751,728,118 a change of 8.88%

7/06/2021 FTSE Closed at 7077 points. Change of 0.11%. Total value traded through LSE was: £ 4,364,121,178 a change of 7.1%

4/06/2021 FTSE Closed at 7069 points. Change of 0.07%. Total value traded through LSE was: £ 4,074,732,159 a change of -14.11%

 

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:BP. BP PLC** **LSE:EMG MAN** **LSE:FOXT Foxtons** **LSE:GKP Gulf Keystone** **LSE:ITV ITV** **LSE:POG Petrop etc** **LSE:SPX Spirax** **LSE:TLW Tullow** **

********

Updated charts published on : BP PLC, MAN, Foxtons, Gulf Keystone, ITV, Petrop etc, Spirax, Tullow,

LSE:BP. BP PLC. Close Mid-Price: 330.4 Percentage Change: + 1.88% Day High: 334.3 Day Low: 324.9

Further movement against BP PLC ABOVE 334.3 should improve acceleration t ……..

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LSE:EMG MAN. Close Mid-Price: 187.35 Percentage Change: + 1.35% Day High: 188.4 Day Low: 185.95

Target met. Continued trades against EMG with a mid-price ABOVE 188.4 sho ……..

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LSE:FOXT Foxtons. Close Mid-Price: 56 Percentage Change: + 0.00% Day High: 57.2 Day Low: 55.6

Continued weakness against FOXT taking the price below 55.6 calculates as ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 196.4 Percentage Change: + 3.70% Day High: 199.2 Day Low: 191.2

This is looking slightly positive! Continuing above 200p looks pretty comf ……..

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LSE:ITV ITV. Close Mid-Price: 131.25 Percentage Change: + 0.96% Day High: 134.15 Day Low: 130.3

Further movement against ITV ABOVE 134.15 should improve acceleration tow ……..

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LSE:POG Petrop etc. Close Mid-Price: 26.24 Percentage Change: + 3.39% Day High: 26.38 Day Low: 25.02

It is still the case of weakness below 23 suggesting further relaxation to ……..

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LSE:SPX Spirax Close Mid-Price: 13195 Percentage Change: -0.04% Day High: 13325 Day Low: 13140

In the event of Spirax enjoying further trades beyond 13325, the share sh ……..

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LSE:TLW Tullow. Close Mid-Price: 64.84 Percentage Change: + 8.65% Day High: 65.78 Day Low: 59.92

Target met. Further movement against Tullow ABOVE 65.78 should improve ac ……..

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

#BrentFutures #SP500 Watching a football match on TV, sudden inspiration suggested a way to ease suffering caused by Euro 2020 infecting the main TV channels. What if the winning side was the one which scored the first goal? It’d change the entire dynamic of the game, potentially making matches a lot faster with constant action. And those folk who have absolutely no interest in the game may find their opinion changed by a frenzy of activity with each match. Surprisingly, an alternate and surprising show also hit screens, a farming documentary hosted by Jeremy Clarkston of all people!

This quite different approach to an industry, (previously would inspired a rapid change of channel) was a real eye opener and begged the question, just why would anyone become involved. The harsh economics of sheep farming were quite brutal, a strong clue coming when three sheep were killed, essentially thanks to it being uneconomic to pay a vet to fix their infection. Why bother, when replacement sheep can be purchased cheaply? Once Clarkston’s inevitable clowning was forgotten, the economics of a relatively small farm were remembered.

A local farm here in Argyll recently become home to a flock of Jacob sheep. These things, visually more akin to goats than sheep, clearly had read the same instructions as Clarkston’s flock, turning into skilled escape merchants. Driving past their field this morning, a single black lamb had made its way under the fence. It was the work of a moment to stop, pick it up, and lay it back in the field, blocking the gap at the bottom of the fence with a thick branch. Returning an hour later, two adult sheep were now on the wrong side of the fence, all the tiny black lambs still in the field. Thankfully, a couple of mountain biker types were amusing the bolshy sheep, attempting to catch them without thinking of the consequences if successful. Adult Jacob sheep are decorated with severely intimidating horns, the farmer turning up before I felt the need to try out some of the lessons from the farming show I’d just watched.

 

All of this has nothing, and everything, to do with Lloyds bank. It used to be the case people would dream of counting sheep to send themselves to sleep. Sooner or later, “watching Lloyds” must enter popular language as an economic method to combat insomnia. When we previously reviewed Lloyds three weeks ago, we mentioned the 50p level as critical if price gains were to be expected. The share price has closed at 50p exactly on June 2nd, enjoying an utterly boring trading range of just 2p within the period. It’s becoming clear the share price needs to actually close above the 50p level to make some price recovery fairly certain.

Closure above 50p remains pointing at the potential of an initial 55p with secondary, if exceeded, calculating at 57.85p.

 

The converse argument for reversal, now triggers if the share price manages below 47.15p. This risks driving the price down to 45.25 initially. If broken, our secondary calculation and hopeful bottom works out at 43.5p.

 

FUTURES

	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
4:31:01PM	BRENT	72.4	71.65	71.475	71.03	72.47	72.81	73.24	74.07	71.9
4:50:12PM	GOLD	1877.73									Shambles
4:53:46PM	FTSE	7158									‘cess
4:57:02PM	FRANCE	6626									Success
4:59:48PM	GERMANY	15723									Success
5:42:03PM	US500	4245	4208	4202	4186	4238	4251	4276	4307	4219	‘cess
5:43:55PM	DOW	34474.9
5:45:40PM	NASDAQ	13996
5:47:29PM	JAPAN	29029

 

11/06/2021 FTSE Closed at 7134 points. Change of 0.65%. Total value traded through LSE was: £ 5,126,105,822 a change of 3.18%

10/06/2021 FTSE Closed at 7088 points. Change of 0.1%. Total value traded through LSE was: £ 4,968,352,767 a change of 1.13%

9/06/2021 FTSE Closed at 7081 points. Change of -0.2%. Total value traded through LSE was: £ 4,913,059,029 a change of 3.4%

8/06/2021 FTSE Closed at 7095 points. Change of 0.25%. Total value traded through LSE was: £ 4,751,728,118 a change of 8.88%

7/06/2021 FTSE Closed at 7077 points. Change of 0.11%. Total value traded through LSE was: £ 4,364,121,178 a change of 7.1%

4/06/2021 FTSE Closed at 7069 points. Change of 0.07%. Total value traded through LSE was: £ 4,074,732,159 a change of -14.11%

3/06/2021 FTSE Closed at 7064 points. Change of -0.62%. Total value traded through LSE was: £ 4,744,036,832 a change of -6.04%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:ASC Asos** **LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:EMG MAN** **LSE:HUR Hurrican Energy** **LSE:LLOY Lloyds Grp.** **LSE:SPX Spirax** **

********

Updated charts published on : AFC Energy, Asos, BALFOUR BEATTY, Barrett Devs, MAN, Hurrican Energy, Lloyds Grp., Spirax,

LSE:AFC AFC Energy. Close Mid-Price: 61.2 Percentage Change: + 0.00% Day High: 61.9 Day Low: 59.8

This is distinctly troubling as I suspect, still, it intends 45 initially ……..

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LSE:ASC Asos Close Mid-Price: 5070 Percentage Change: -0.59% Day High: 5184 Day Low: 5052

It’s still the case of weakness below 4624 should bring a hopeful bounce p ……..

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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 303 Percentage Change: + 0.60% Day High: 305.2 Day Low: 294.4

If BALFOUR BEATTY experiences continued weakness below 294.4, it will inv ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 731.2 Percentage Change: + 0.36% Day High: 737.8 Day Low: 726.8

Ongoing traffic below 725 looks capable of a visit to 689 with secondary, ……..

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LSE:EMG MAN. Close Mid-Price: 184.85 Percentage Change: + 1.99% Day High: 184.95 Day Low: 177.5

Further movement against MAN ABOVE 184.95 should improve acceleration tow ……..

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LSE:HUR Hurrican Energy. Close Mid-Price: 1.21 Percentage Change: + 7.94% Day High: 1.5 Day Low: 1.13

It is still the case this needs above 1.65 to be taken seriously, allowing ……..

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 48.4 Percentage Change: + 0.25% Day High: 48.51 Day Low: 47.9

Lloyds continues to flaff around, doing very little. At present, it looks ……..

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LSE:SPX Spirax. Close Mid-Price: 13200 Percentage Change: + 1.30% Day High: 13265 Day Low: 13015

All Spirax needs are mid-price trades ABOVE 13265 to improve acceleration ……..

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

#FreeFridayFutures There’s something quite curious happening with the major US indices. The S&P 500 recently achieved logical high levels, one of these points in time where we tend suspect some volatility will be required, prior to a future lift. Wall St, on the other hand, has not yet achieved the level we’d expect the markets to throw a bit of a wobble and it’s creating a pretty vague situation.

Our problem is simple. We calculated 4,265 as a level where some hesitation was expected on the S&P, the index essentially fluttering a few points below this level for the last month. Currently the market exhibits no signs of impending disaster, just a rigid refusal to actually climb higher. On the other hand, Wall St, still has a fair bit of climbing to match the current strength of the S&P, needing to reach a stonking 36,063 points.

The question is fairly simple. Will Wall St discover sufficient oomph for a further 1,000 point gain while the S&P continues to waffle around? Or will the S&P achieve some slight gains, should Wall St start to power upward. We’ve decided to set above 4,265 as a major trigger event for the S&P. Above this level looks capable of a lift to 4,333 points initially with secondary, if exceeded, calculating at 4,586 along with some very possible hesitation.

Wall St, conversely, needs above a trigger of 35,290 to suggest impending growth coming to an initial 36,063 points. If bettered (and cannot believe we’re writing this), our secondary works out at an impossible sounding 37,139 points. Similar to the S&P, we anticipate some market volatility should such a level appear.

The charts below highlight the brutal strength of the two US indices since the crash of 2009. Had the two markets moved in sympathy with the UK market, the highest they would have achieved by now would by 17,000 points for Wall St and 2,100 points for the S&P. Instead, for every step upward in the UK, the two primary US markets have taken 2 steps, a quite dreadful situation given the FTSE and the DOW JONES were regarded as joined at the hip until the financial crash of 2009.

As for our FTSE for FRIDAY, despite the UK market (and others) appears to take a “watch and wait” stance since the start of May, we keep feeling slight touches of optimism, a bit like seeing green shoots between paving slabs, a few days prior to a bunch of weeds suddenly surging upward. It begs the question, who’s got the weed killer for the FTSE to crush hope?

 

Will it be Covid-19, Boris, space aliens, or the ongoing Brexit shambles?

 

At time of writing, the FTSE is trading around 7,090 points and only requires exceed 7,122 as this will apparently trigger a surge in the direction of 7,153 points. If bettered, we’d hope to see our secondary calculation of 7,262 pretty fast thereafter. Or at least, in normal times we would. As the chart below displays with boring clarity, the FTSE continues to pole dance along the Red uptrend, a line which dates back to the lows of 2009 and the market crash. Those folk of a nervous disposition will doubtless only be convinced any upward break is real, if the FTSE finds an excuse to better its prior high of 7,164 points, achieved last month on May 10th.

 

Our converse scenario for the FTSE suggests the index needs trade below 7,040 points to justify some near term concern. This is liable to trigger reversals to an initial 6,971 points. If broken, our secondary calculates at 6,906 and the visuals hint at a bounce, should such a level make an appearance.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:19:38PM	BRENT	72.26	71.13	70.6		72.12	72.7	73.35		71.85	Success
9:22:30PM	GOLD	1898.3	1883	1879		1893	1899	1905		1886	Success
9:29:03PM	FTSE	7085.54	7068	7053.5		7098	7118	7134		7074	‘cess
9:57:06PM	FRANCE	6550	6532	6517.5		6562	6570	6580		6540
9:58:38PM	GERMANY	15586	15512	15467.5		15596	15640	15670.5		15547
10:00:31PM	US500	4239	4212	4204		4226	4245	4252		4224	Success
10:05:12PM	DOW	34472	34396	34295.5		34534	34660	34786		34500	Success
10:07:18PM	NASDAQ	13973	13810	13749		13944	13974	14001		13807	Success
10:09:06PM	JAPAN	28949	28858	28783		29050	29135	29187		28935	Success

10/06/2021 FTSE Closed at 7088 points. Change of 0.1%. Total value traded through LSE was: £ 4,968,352,767 a change of 1.13%

9/06/2021 FTSE Closed at 7081 points. Change of -0.2%. Total value traded through LSE was: £ 4,913,059,029 a change of 3.4%

8/06/2021 FTSE Closed at 7095 points. Change of 0.25%. Total value traded through LSE was: £ 4,751,728,118 a change of 8.88%

7/06/2021 FTSE Closed at 7077 points. Change of 0.11%. Total value traded through LSE was: £ 4,364,121,178 a change of 7.1%

4/06/2021 FTSE Closed at 7069 points. Change of 0.07%. Total value traded through LSE was: £ 4,074,732,159 a change of -14.11%

3/06/2021 FTSE Closed at 7064 points. Change of -0.62%. Total value traded through LSE was: £ 4,744,036,832 a change of -6.04%

2/06/2021 FTSE Closed at 7108 points. Change of -100%. Total value traded through LSE was: £ 5,048,977,038 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:AGM Applied Graphene** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:DGE Diageo** **LSE:EMG MAN** **LSE:HL. Hargreaves Lansdown** **LSE:SDY Speedyhire** **LSE:SPX Spirax** **LSE:TW. Taylor Wimpey** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : Applied Graphene, British Telecom, Carclo, Diageo, MAN, Hargreaves Lansdown, Speedyhire, Spirax, Taylor Wimpey, Zoo Digital,

LSE:AGM Applied Graphene Close Mid-Price: 29 Percentage Change: -3.33% Day High: 29 Day Low: 27.5

In the event Applied Graphene experiences weakness below 27.5 it calculat ……..

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LSE:BT.A British Telecom. Close Mid-Price: 195.15 Percentage Change: + 6.55% Day High: 198.15 Day Low: 184.5

Target met. Further movement against British Telecom ABOVE 198.15 should ……..

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LSE:CAR Carclo Close Mid-Price: 53 Percentage Change: -8.62% Day High: 56 Day Low: 51.8

Weakness on Carclo below 51.8 will invariably lead to 40p. Secondary is a ……..

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LSE:DGE Diageo Close Mid-Price: 3457 Percentage Change: -0.09% Day High: 3472.5 Day Low: 3435.5

Target met. Further movement against Diageo ABOVE 3472.5 should improve a ……..

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LSE:EMG MAN. Close Mid-Price: 181.25 Percentage Change: + 0.11% Day High: 183.7 Day Low: 177.5

In the event of MAN enjoying further trades beyond 183.7, the share shoul ……..

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 1620 Percentage Change: -1.43% Day High: 1645 Day Low: 1592.5

In the event Hargreaves Lansdown experiences weakness below 1592.5 it cal ……..

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LSE:SDY Speedyhire. Close Mid-Price: 71.7 Percentage Change: + 0.00% Day High: 72.4 Day Low: 71.6

The situation now is of movement below 66p ringing alarm bells as this ris ……..

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LSE:SPX Spirax. Close Mid-Price: 13030 Percentage Change: + 0.04% Day High: 13135 Day Low: 12990

Further movement against Spirax ABOVE 13135 should improve acceleration t ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 163.45 Percentage Change: -2.24% Day High: 168.05 Day Low: 163.5

Continued weakness against TW. taking the price below 163.5 calculates as ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 148.5 Percentage Change: -0.67% Day High: 153.5 Day Low: 148

Target met. In the event of Zoo Digital enjoying further trades beyond 15 ……..

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

#Brent #SP500 It wasn’t difficult to find inspiration for tonight’s headline article. After driving a neighbour* 9 miles to the ferry terminal at 8am, the need to buy milk ensured a stop at a local village shop, a tiny little store with a post-office, selling groceries, fishing tackle, newspapers, welly boots, and booze. It even boasts parking spaces for 2 cars, both mercifully empty, and I pulled in. While paying for the milk, there was the sound of air-brakes outside as a fuel tanker double parked, blocking my exit.

*(Calling a taxi isn’t an option in the remote highlands. Their meters move faster than Bitcoin, when it reverses.)

As I left the shop, the tanker driver entered with a ‘just be a minute’ as he walked past.

His word proved good, he quickly appeared with a newspaper and soft drink. I started my engine, looking forward to my usual scan of the markets at the open while I try and figure out what the markets intend, prior to publishing our popular “Live Market” report sometime around 9.30am. The truck started its engine, lurched forward quite dramatically, the cab seemed to jump up a bit, and the air-brakes make an incredible noise. Then everything went quiet.

Long story short, it seems HGV’s have some sort of system to lock the brakes when parked and this HGV was refusing to disengage the mechanism. In front of me, a red post box ensured I couldn’t bump onto the pavement. To the rear, the parking area was lined with concrete bollards, so my car was trapped. When the driver finished his phone calls, he advised it would take some time for a repair crew to come across from the mainland. Making matters worse, my own mobile phone was on charge, beside my keyboard on my desk. My wallet was in my waxed cotton jacket, hanging on the back of my chair. I’d grabbed spare change from the car ashtray to buy the milk.

As I was now only around 4 miles from home, a brisk walk was ahead, smug in the knowledge I was in the highlands and we help each other. Invariably, someone would stop and ask if I wanted a lift. Unfortunately, this sort of thing only happens when you don’t need a lift. Cars driving past at 60mph, now in light rain, the concept of walking was feeling increasingly stupid. The final insult came just as my house came into view, my wife finally noticing I wasn’t around and exiting the driveway to search for me. She’d noticed my abandoned mobile phone and put two and two together. By now, I was utterly soaked, had forgotten to pick up the milk from the car, and was substantially late with publication of our futures report.

About the only bright thing from the exercise was the tanker. Tonight, I was going to write about a petrol company and there was a fair chance I would be quite spiteful.

 

For BP Plc, it’s always worth remembering the thick Red line on the chart. While we’d like to ridicule a trend line 30 years old, share price movements tend suggest the market is perfectly aware of this splash of colour on the chart. It creates a trading environment where the share price ‘Ultimate Bottom’ computes down at 29p and thanks to this calculation, share price drops can easily outperform with some dreadful amateur dramatics.

Our inclination is to believe the market shall become aware of this danger, hopefully opting to enact some panic recovery as is so often the case with such things. Given the current boost to Crude Oil prices, surely it’s about time oiler share prices started to enjoy the benefits of increased sale values too. With this in mind, something about recent share price movements is worth a glance. Despite our expectation of being negative on future prospects, BP has built itself a little glass ceiling in the last year at 324p and we notice today, 9th May, the share price finally closed a session above this level at 324.75p. While perhaps not the most significant of movements, we’re always inclined to optimism when a share is permitted to break a glass ceiling.

In the case of BP, as the chart below highlights, it’s perhaps an early warning for some proper price action.

Finally, we reach the part of the story where we must run some calculations for the long term. If the price movement on 9th May was indeed an early warning for happier times, we need explore whether recovery above the long term Red uptrend is a viable ambition. Equally, should we anticipate action which reflects the immediate Blue downtrend since 2019?

It appears the answer to both questions should be “Yes”.

Near term trades bettering just 330p should make recovery difficult to restrain as we’re calculating the potential of movement to an initial 369p. As shown below, this will marginally take the price above Red on the chart and into a zone of illusory safety. We’d hope our initial calculation would be exceeded with this scenario, making our longer term secondary target of 430p an extremely viable ambition. Movement beyond such a level starts to produce some surprising targets, the first of which works out at 516p and challenging the price highs prior to the pandemic hitting the fan.

Finally, there is an aspect of BP’s dance steps over the last 18 months which is worthy of additional consideration.

We’ve drawn a pretty circle on the chart below. Our idea of perfection would come, if the market somehow found sufficient excuse to “Gap Up” the share price at some point soon. This will create a “GapDown/GapUp” picture, a game plan which should make BP a perfect candidate for a hold, just to see how high the price intends go. It’s a thought!

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:42:26PM	BRENT	71.88	71.6	71.47	71.06	72.3	72.7	72.885	73.66	71.75	‘cess
10:45:06PM	GOLD	1888.8
10:50:56PM	FTSE	7083.97									‘cess
10:52:52PM	FRANCE	6564.9									Shambles
10:56:09PM	GERMANY	15583.61									Success
10:57:46PM	US500	4222.72	4219	4215	4208	4232	4236	4245	4258	4224
11:01:16PM	DOW	34479.2									‘cess
11:03:28PM	NASDAQ	13821
11:05:22PM	JAPAN	28850									Success

 

9/06/2021 FTSE Closed at 7081 points. Change of -0.2%. Total value traded through LSE was: £ 4,913,059,029 a change of 3.4%

8/06/2021 FTSE Closed at 7095 points. Change of 0.25%. Total value traded through LSE was: £ 4,751,728,118 a change of 8.88%

7/06/2021 FTSE Closed at 7077 points. Change of 0.11%. Total value traded through LSE was: £ 4,364,121,178 a change of 7.1%

4/06/2021 FTSE Closed at 7069 points. Change of 0.07%. Total value traded through LSE was: £ 4,074,732,159 a change of -14.11%

3/06/2021 FTSE Closed at 7064 points. Change of -0.62%. Total value traded through LSE was: £ 4,744,036,832 a change of -6.04%

2/06/2021 FTSE Closed at 7108 points. Change of 0.4%. Total value traded through LSE was: £ 5,048,977,038 a change of -2.93%

1/06/2021 FTSE Closed at 7080 points. Change of -100%. Total value traded through LSE was: £ 5,201,214,939 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:BP. BP PLC** **LSE:CCL Carnival** **LSE:DGE Diageo** **LSE:FOXT Foxtons** **LSE:IHG Intercontinental Hotels Group** **LSE:ODX Omega Diags** **LSE:RR. Rolls Royce** **LSE:TW. Taylor Wimpey** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Block Energy PLC, BP PLC, Carnival, Diageo, Foxtons, Intercontinental Hotels Group, Omega Diags, Rolls Royce, Taylor Wimpey, Zoo Digital,

LSE:BLOE Block Energy PLC. Close Mid-Price: 2.9 Percentage Change: + 13.73% Day High: 3.2 Day Low: 2.55

Target met. Further movement against Block Energy PLC ABOVE 3.2 should im ……..

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LSE:BP. BP PLC. Close Mid-Price: 324.75 Percentage Change: + 0.48% Day High: 326.45 Day Low: 320.7

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LSE:CCL Carnival. Close Mid-Price: 1865.4 Percentage Change: + 0.76% Day High: 1890.2 Day Low: 1853.4

All Carnival needs are mid-price trades ABOVE 1890.2 to improve accelerat ……..

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LSE:DGE Diageo. Close Mid-Price: 3460 Percentage Change: + 1.30% Day High: 3462.5 Day Low: 3399

Continued trades against DGE with a mid-price ABOVE 3462.5 should improve ……..

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LSE:FOXT Foxtons Close Mid-Price: 58 Percentage Change: -1.02% Day High: 60.9 Day Low: 56.6

If Foxtons experiences continued weakness below 56.6, it will invariably ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5210 Percentage Change: + 0.85% Day High: 5254 Day Low: 5150

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

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LSE:ODX Omega Diags Close Mid-Price: 59 Percentage Change: -3.28% Day High: 61 Day Low: 58.5

If Omega Diags experiences continued weakness below 58.5, it will invaria ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 112.56 Percentage Change: + 1.04% Day High: 113.14 Day Low: 110.32

All Rolls Royce needs are mid-price trades ABOVE 113.14 to improve accele ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 167.2 Percentage Change: -1.68% Day High: 170.15 Day Low: 165.75

Weakness on Taylor Wimpey below 165.75 will invariably lead to 159 with s ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 149.5 Percentage Change: + 5.65% Day High: 149.5 Day Low: 141.5

Target met. All Zoo Digital needs are mid-price trades ABOVE 149.5 to imp ……..

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