Gulf Keystone for 19/02/2020

#FTSE #Nasdaq For many private investors, this lot must feel like watching a Party Political Broadcast, prompting the question of ‘how long can this agony last?’ Last reviewed in July last year (link) we’d proposed a bottom of 178p. It successfully hit this target on Tuesday. The big question now, will it bounce?

Hey, chart goes here

Visually, GKP needs above 197p at present to exceed Blue on the chart, entering a zone where some proper price recovery becomes possible. Such a miracle calculates with an initial, meagre, ambition at 201p with secondary, if exceeded, a more useful 220p. While the visuals suggest a glass ceiling can be expected at 220p, closure above such a level allows for a longer term 251p. Beyond such a level, we shall need stir the tea leaves again as the path to such a significant level will require scrutiny.

Unfortunately, it feels more likely 178p shall break anytime soon, provoking weakness next to an initial 170p with secondary, if broken, down at 153p. We’d hope the calculation of a potential 153p shall prove incorrect as this will take the price below the dip at the end of 2018, solidly in a zone where negative news could swiftly drive 125 or below.

Hey, chart goes here

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

10:12:28PM

BRENT

57.48

               

‘cess

10:15:06PM

GOLD

1602.67

               

Success

10:17:29PM

FTSE

7403.44

7350

7312

7229

7423

7407

7429.5

7456

7367

‘cess

10:19:37PM

FRANCE

6071.7

               

‘cess

10:26:12PM

GERMANY

13708

               

Success

10:28:48PM

US500

3371.47

               

Success

10:31:11PM

DOW

29241

               

Success

10:33:47PM

NASDAQ

9632.22

9525

9514.5

9479

9570

9647

9667

9713

9570

Success

10:37:05PM

JAPAN

23205

               

Success

18/02/2020 FTSE Closed at 7362 points. Change of -0.96%. Total value traded through LSE was: £ 6,015,855,072 a change of 44.99%

17/02/2020 FTSE Closed at 7433 points. Change of 0.32%. Total value traded through LSE was: £ 4,149,027,770 a change of -24.37%

14/02/2020 FTSE Closed at 7409 points. Change of -0.58%. Total value traded through LSE was: £ 5,485,879,910 a change of -17.68%

13/02/2020 FTSE Closed at 7452 points. Change of -1.09%. Total value traded through LSE was: £ 6,664,066,181 a change of 30.17%

12/02/2020 FTSE Closed at 7534 points. Change of 0.47%. Total value traded through LSE was: £ 5,119,461,685 a change of -10.2%

11/02/2020 FTSE Closed at 7499 points. Change of 0.71%. Total value traded through LSE was: £ 5,701,269,309 a change of 0.17%

10/02/2020 FTSE Closed at 7446 points. Change of -0.27%. Total value traded through LSE was: £ 5,691,847,581 a change of -12.91%

Optibiotix Health 18/02/2020

#Gold #SP500For some reason, we’ve had a pile of “health” companies feature in our emails. Optibiotix are the latest request, a company whose focus looks to be feeding the pro-biotic market and its perceived healthy gut benefits. If nothing else, they doubtless contribute to ceaseless adverts featuring eye candy running around on beaches, actors proving their real advantage was genetic!

It can be assumed the writer has an axe to grind, once consuming virtually every type of “healthy gut” product during a prolonged period prior to diagnosis of Coeliac Disease, the gluten intolerance thing. Since eliminating gluten from the diet, all musical gut productions ceased, along with a healthier wallet thanks to no longer purchasing pro-biotic products.

Optibiotix share price has proven interesting this year, suggesting it need only trade above 72p to produce some real growth with an initial target calculating at 83p. If exceeded, our secondary comes in at 96p. If triggered, visually there’s a change of some hesitation at 83p, along with a near certainty of a glass ceiling should 96p be achieved.

Only with closure above 96p will we dare admit the price will look capable of challenging 2018’s high of 133p.

If trouble is planned, the price needs reverse below Red, presently 48p, to justify hysterics. Initially we’re able to calculate drop target of 39p but the real danger comes if such a level breaks. Simply put, we can’t calculate a bottom.

For now, it looks pretty capable of displaying some growth anytime soon. Perhaps the share price is awaiting the release of some important news.

Hey, chart goes here

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

9:29:52PM

BRENT

57.45

               

‘cess

9:34:25PM

GOLD

1581.54

1579

1577.5

1575

1584

1585

1589

1593

1578

9:36:32PM

FTSE

7429

7403

             

9:38:22PM

FRANCE

6081.5

6055

             

9:39:55PM

GERMANY

13786

13749

             

9:41:52PM

US500

3388.92

3379

3376.5

3371

3390

3391

3395.5

3406

3382

9:43:35PM

DOW

29473

29400

             

9:45:32PM

NASDAQ

9660.62

9646

             

‘cess

9:48:01PM

JAPAN

23498

23324

             

‘cess

 

 

17/02/2020 FTSE Closed at 7433 points. Change of 0.32%. Total value traded through LSE was: £ 4,149,027,770 a change of -24.37%

14/02/2020 FTSE Closed at 7409 points. Change of -0.58%. Total value traded through LSE was: £ 5,485,879,910 a change of -17.68%

13/02/2020 FTSE Closed at 7452 points. Change of -1.09%. Total value traded through LSE was: £ 6,664,066,181 a change of 30.17%

12/02/2020 FTSE Closed at 7534 points. Change of 0.47%. Total value traded through LSE was: £ 5,119,461,685 a change of -10.2%

11/02/2020 FTSE Closed at 7499 points. Change of 0.71%. Total value traded through LSE was: £ 5,701,269,309 a change of 0.17%

10/02/2020 FTSE Closed at 7446 points. Change of -0.27%. Total value traded through LSE was: £ 5,691,847,581 a change of -12.91%

7/02/2020 FTSE Closed at 7466 points. Change of -0.51%. Total value traded through LSE was: £ 6,535,596,145 a change of 5.4%

Bitcoin 17/02/2020

#Brent #Dax Currently, Bitcoin is cheerfully ignoring conventional trends, instead paying scrupulous attention to a “horizontal trend”. As mentioned previously, the phenomena of ‘The Glass Ceiling’ has been scrupulously adhered to since September last year. This confirmation of a trend is usually a pretty safe signal for future movement and in the case of Bitcoin, it’s at 10,580 dollars.

Visually, movements above 10,580 look capable of providing gains against Bitcoin to an initial 11,744 with secondary, if beaten, calculating at 12,720. Importantly, if Bitcoin opts to adhere is its usual movement ‘rules’, some hesitation can be anticipated at each target level, should the scenario trigger!

Of course, there’s absolutely no certainty we should anticipate future growth. Instead, the converse looks pretty possible.

Weakness continuing below 9,610 suggests downward travel to an initial 8,916 dollars. If broken, secondary works out at 7,665 and we’d hope for a rebound at such a level. The implications, with any breach of 7,665, are grim. The existence of a 3rd level drop target of 6,079 takes the price into the land of ‘lower lows’ with a logical long term bottom at 3,145 dollars.

Hey, chart goes here

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

9:43:20PM

BRENT

57.29

56.12

55.68

55.09

56.83

57.35

57.5275

57.83

56.7

‘cess

9:44:45PM

GOLD

1584.23

               

‘cess

9:46:40PM

FTSE

7416.6

               

‘cess

9:48:39PM

FRANCE

6073.2

               

9:50:19PM

GERMANY

13764

13706

13691.5

13659

13758

13789

13821.5

13860

13727

9:51:51PM

US500

3382.22

               

‘cess

9:53:54PM

DOW

29416.5

               

9:55:18PM

NASDAQ

9626.67

               

9:57:59PM

JAPAN

23537

               

‘cess

 

14/02/2020 FTSE Closed at 7409 points. Change of -0.58%. Total value traded through LSE was: £ 5,485,879,910 a change of -17.68%

13/02/2020 FTSE Closed at 7452 points. Change of -1.09%. Total value traded through LSE was: £ 6,664,066,181 a change of 30.17%

12/02/2020 FTSE Closed at 7534 points. Change of 0.47%. Total value traded through LSE was: £ 5,119,461,685 a change of -10.2%

11/02/2020 FTSE Closed at 7499 points. Change of 0.71%. Total value traded through LSE was: £ 5,701,269,309 a change of 0.17%

10/02/2020 FTSE Closed at 7446 points. Change of -0.27%. Total value traded through LSE was: £ 5,691,847,581 a change of -12.91%

7/02/2020 FTSE Closed at 7466 points. Change of -0.51%. Total value traded through LSE was: £ 6,535,596,145 a change of 5.4%

6/02/2020 FTSE Closed at 7504 points. Change of 0.29%. Total value traded through LSE was: £ 6,200,545,970 a change of -22.21%

Friday FTSE & Centrica

#FTSE #DOW Centrica must be tempting a bunch of folk hoping to jump in, viewing the price as a “bargain”. We have doubts, hoping it shall bounce around the 60p mark but worried, ‘cos if broken, the big picture suggests “bottom” may reside around 40p. Needs a miracle above the 90p level to foul up these prospects!

As for the FTSE for Friday, we’re more than a little concerned about the drop experienced on Thursday. When we issued our 10am report to clients, we’d speculated on the market achieving a bottom at 7407 points. Somehow or other, the FTSE contrived to reach 7406.9 around 11:30am, showing half hearted bounces in the period since. Despite a bunch of day traders doubtless viewing the chart, gleefully assuming “double bottom” and expecting Friday to show gains, we’re not entirely convinced. There’s something a bit funny going on with international futures – mainland Europe and the US behaving as if Friday should experience recovery, the FTSE rather less so.

Weakness now below 7406 points calculates with an initial drop target at 7368 points. If (when) broken, our secondary comes along at  7310 points and we’d hope for a real bounce at such a level. If triggered, tightest stop is at 7442 points.

In the event the market (the FTSE during trading hours) manages above 7442, our initial ambition is for movement to 7470 points. If bettered, secondary calculates up at 7503 points.

This week has been difficult and we suspect health fears have knocked the FTSE off its track to head to 7690 points

Hey, chart goes here
FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

10:11:28PM

BRENT

56.48

55

54.505

 

55.81

56.8

57.1875

 

55.8

‘cess

10:13:24PM

GOLD

1576.78

1564

1559.5

 

1573

1579

1580.5

 

1571

Success

10:15:26PM

FTSE

7453.67

7402

7393.5

 

7452

7473

7483

 

7415

Success

10:17:25PM

FRANCE

6084.7

6025

5999

 

6063

6099

6116

 

6049

‘cess

10:19:27PM

GERMANY

13743.16

13667

13649

 

13732

13762

13789.5

 

13708

‘cess

10:21:48PM

US500

3380.07

3354

3344.5

 

3373

3381

3385.355

 

3363

‘cess

10:24:03PM

DOW

29465

29308

29234

 

29400

29528

29589.5

 

29411

Success

10:26:15PM

NASDAQ

9617.27

9514

9478.5

 

9590

9637

9665

 

9585

‘cess

10:28:24PM

JAPAN

23727

23564

23507.5

 

23679

23782

23823

 

23687

Success

 

13/02/2020 FTSE Closed at 7452 points. Change of -1.09%. Total value traded through LSE was: £ 6,664,066,181 a change of 30.17%

12/02/2020 FTSE Closed at 7534 points. Change of 0.47%. Total value traded through LSE was: £ 5,119,461,685 a change of -10.2%

11/02/2020 FTSE Closed at 7499 points. Change of 0.71%. Total value traded through LSE was: £ 5,701,269,309 a change of 0.17%

10/02/2020 FTSE Closed at 7446 points. Change of -0.27%. Total value traded through LSE was: £ 5,691,847,581 a change of -12.91%

7/02/2020 FTSE Closed at 7466 points. Change of -0.51%. Total value traded through LSE was: £ 6,535,596,145 a change of 5.4%

6/02/2020 FTSE Closed at 7504 points. Change of 0.29%. Total value traded through LSE was: £ 6,200,545,970 a change of -22.21%

5/02/2020 FTSE Closed at 7482 points. Change of 0.58%. Total value traded through LSE was: £ 7,970,542,064 a change of 19.14%

 

GOLD for 13/02/2020

#France #Germany Our first analysis this year (link) covered #Gold, proposing movement to 1,602 dollars. At the time of writing, the metal was trading at 1,552, thus the proposal fairly significant. Literally within the week, the metal successfully oozed upward, hitting and slightly exceeding our target level. Crucially, the price did not actually close a session anywhere near our 1,602, therefore opening the doors of suspicion for the immediate future.

One good thing which came out of the movement to 1,602 was fairly basic and simple. It proved we’ve been watching the correct trend, suggesting mapping the price against the Blue trend line (dates back to 2011) has been the correct approach. But in light of a barrage of reports from China, we’re more than a little surprised the price of the metal has not shot upward, thanks to Gold (once) being regarded as a natural safe haven.

Hopefully it’s the case the current media game of CoronaVirus Bingo, trying to produce headlines with how many people “could” die, is being ignored by a world, already punch drunk from ongoing headlines produced by journalists who read something some bloke wrote on Twitter! Today, the Metro in London managed 45 million as their contribution to a climate of fear.

The immediate scenario with Gold is somewhat surprising. Weakness now below 1,555 (Red) threatens reversal to an initial 1,530 dollars. If broken, our secondary calculation is at 1,500, along with a fair chance of a bounce. The surprise against these numbers? It will return the price of the metal below the long term downtrend!

Alternately, if the metal now finds itself trading above just 1,600, strength to 1,645 now looks possible with secondary, if bettered, coming in at 1,685 dollars.

We’re pretty hesitant, suspecting the price shall go up, surprised it has not already done so. Our in-house mantra remains, “if it ain’t goin’ up, it’s goin’ down,” with the result the near term Red uptrend is probably worth keeping an eye on.

Hey, chart goes here

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

10:14:24PM

BRENT

56.31

               

Success

10:16:56PM

GOLD

1566.49

               

10:18:44PM

FTSE

7545.03

               

‘cess

10:27:40PM

FRANCE

6114

6059

6042.5

6018

6085

6117

6123.5

6175

6067

Success

10:30:27PM

GERMANY

13784

13639

13585

13518

13728

13786

13802

13866

13693

Success

10:32:03PM

US500

3380.52

               

‘cess

10:34:22PM

DOW

29541.1

               

‘cess

10:42:01PM

NASDAQ

9611.12

               

10:43:37PM

JAPAN

23969

               

Shambles

 

 

12/02/2020 FTSE Closed at 7534 points. Change of 0.47%. Total value traded through LSE was: £ 5,119,461,685 a change of -10.2%

11/02/2020 FTSE Closed at 7499 points. Change of 0.71%. Total value traded through LSE was: £ 5,701,269,309 a change of 0.17%

10/02/2020 FTSE Closed at 7446 points. Change of -0.27%. Total value traded through LSE was: £ 5,691,847,581 a change of -12.91%

7/02/2020 FTSE Closed at 7466 points. Change of -0.51%. Total value traded through LSE was: £ 6,535,596,145 a change of 5.4%

6/02/2020 FTSE Closed at 7504 points. Change of 0.29%. Total value traded through LSE was: £ 6,200,545,970 a change of -22.21%

5/02/2020 FTSE Closed at 7482 points. Change of 0.58%. Total value traded through LSE was: £ 7,970,542,064 a change of 19.14%

4/02/2020 FTSE Closed at 7439 points. Change of 1.54%. Total value traded through LSE was: £ 6,690,102,462 a change of 18.21%

Eurasia Mining Plc for 12/02/2020

#FTSE #NASDAQ Our 31st October review of Eurasia (link) proved accurate. It also confirmed our grasp of time is tenuous at best, the share taking until the start of February to trigger a rise. And now, having achieved our 7.25p target, the share has been suspended from trading, leaving us wondering about our level of prescience.

It truly is a puzzle, the market only choosing to display the share price as CLOSING above 7.25p on the very day it was suspended, for some reason choosing 7.3p as the “closing price” on a day when the ordinary mortal couldn’t actually trade. Needless to say, a bunch of orders were shown as executed, the final “trade” of the day showing as 7.25p anyway! Quite why these trades took place is a bit of a raised eyebrow, 1/2 million at 8:05am through to one million showing at 4:07pm. According to our reports, all trades show a “buy” indicator.

We’re a little confused at this.

We find ourselves in a strange situation, releasing commentary against a share which isn’t trading. It’s a share which successfully hit and exceeded our secondary target during the last four sessions and now, it’s a share showing as closing at 7.3p, above our secondary.

Therefore it must be regarded as primed for future rises? (by just 0.05p, not particularly convincing)

Presumably it’s hoped the suspension shall be short lived, creating a situation where movement now above 7.9p (the prior highest intraday trading price) looks perfectly capable of a lift to 9p next. If exceeded, we can now calculate secondary at a more encouraging 11.75p eventually. In line with our grasp of timeframes, the secondary target could be longer term or perhaps the day after suspension is lifted. The Big Picture gives 19.75p as a major target for the future, one which requires the price to shrink below 4p to utterly cancel.

This brings us to the glaringly obvious. The stock market, always a kind and generous place, will doubtless be perfectly capable of throwing some reversals at the price following trade recommencing. So long as any market games do not drag the price below Blue (the long term downtrend), we shall be fairly relaxed but obviously, should it be taken below the critical line, we’ll need revisit the numbers in a panic.

Hey, chart goes here
FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

10:43:57PM

BRENT

54.34

               

10:45:35PM

GOLD

1568.68

               

‘cess

10:54:20PM

FTSE

7505.53

7484

7468

7448

7522

7528

7543

7592

7480

Success

10:55:42PM

FRANCE

6051.5

               

‘cess

10:57:33PM

GERMANY

13636

               

Success

10:58:59PM

US500

3360.62

               

‘cess

11:00:58PM

DOW

29309

               

Success

11:02:22PM

NASDAQ

9529.49

9490

9457

9409

9550

9601

9627

9672

9531

‘cess

11:05:17PM

JAPAN

23913

               

Success

11/02/2020 FTSE Closed at 7499 points. Change of 0.71%. Total value traded through LSE was: £ 5,701,269,309 a change of 0.17%

10/02/2020 FTSE Closed at 7446 points. Change of -0.27%. Total value traded through LSE was: £ 5,691,847,581 a change of -12.91%

7/02/2020 FTSE Closed at 7466 points. Change of -0.51%. Total value traded through LSE was: £ 6,535,596,145 a change of 5.4%

6/02/2020 FTSE Closed at 7504 points. Change of 0.29%. Total value traded through LSE was: £ 6,200,545,970 a change of -22.21%

5/02/2020 FTSE Closed at 7482 points. Change of 0.58%. Total value traded through LSE was: £ 7,970,542,064 a change of 19.14%

4/02/2020 FTSE Closed at 7439 points. Change of 1.54%. Total value traded through LSE was: £ 6,690,102,462 a change of 18.21%

3/02/2020 FTSE Closed at 7326 points. Change of 0.55%. Total value traded through LSE was: £ 5,659,461,897 a change of -7.45%

Versarien 11/02/2020

#Gold #DAX When we last reviewed Versarien in September, we gave some fairly straightforward criteria for the end of the world. Alas, three weeks following our report, the share triggered a reversal cycle and the rest, as they say, is history. Despite the share meeting our drop target of 54p, it also broke below and thus now has some risky potentials.

With a low of 46p, we have some hope for a bounce before it hits 39p. Whether any bounce proves sustainable is open to question. If the price breaks 39p on a further surge downward, our inclination will be to hope the price bottoms at 21p. Previously, we’d felt “ultimate” bottom would prove to be 21p but unfortunately, the speed of descent has widened the calculation, now giving 13p as “ultimate”, a point which we cannot calculate below.

There’s a bit of a fly in the ointment with all this misery!

Perhaps the low of 46p shall be deemed sufficiently close to 39p to provoke a rebound. If this is indeed the case, the implication is of strength above 55p apparently being capable of an initial 62p. If exceeded, our secondary calculates at 72p, hopefully placing the share in position for some miracles in the longer term.

Hey, chart goes here

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

9:58:02PM

BRENT

53.47

               

Success

9:59:53PM

GOLD

1572.43

1567

1564.5

1560

1575

1578

1580

1591

1570

‘cess

10:01:33PM

FTSE

7469.37

               

‘cess

10:06:18PM

FRANCE

6031.5

               

10:17:06PM

GERMANY

13538

13426

13392

13340

13503

13550

13603

13663

13463

10:19:20PM

US500

3353.77

               

Shambles

10:22:16PM

DOW

29289.5

               

Shambles

10:24:04PM

NASDAQ

9519.62

               

10:26:25PM

JAPAN

23697

               

‘cess

 

10/02/2020 FTSE Closed at 7446 points. Change of -0.27%. Total value traded through LSE was: £ 5,691,847,581 a change of -12.91%

7/02/2020 FTSE Closed at 7466 points. Change of -0.51%. Total value traded through LSE was: £ 6,535,596,145 a change of 5.4%

6/02/2020 FTSE Closed at 7504 points. Change of 0.29%. Total value traded through LSE was: £ 6,200,545,970 a change of -22.21%

5/02/2020 FTSE Closed at 7482 points. Change of 0.58%. Total value traded through LSE was: £ 7,970,542,064 a change of 19.14%

4/02/2020 FTSE Closed at 7439 points. Change of 1.54%. Total value traded through LSE was: £ 6,690,102,462 a change of 18.21%

3/02/2020 FTSE Closed at 7326 points. Change of 0.55%. Total value traded through LSE was: £ 5,659,461,897 a change of -7.45%

31/01/2020 FTSE Closed at 7286 points. Change of -1.29%. Total value traded through LSE was: £ 6,115,076,170 a change of 9.99%