Springtime, for Kingfisher Plc (LSE:KGF)

#FTSE #WallSt It’s that time of the year when our thoughts turn to Kingfisher, owners of B&Q. A series of frustrating setbacks while servicing our little red tractor provoked a genuine “down tools” moment, along with the announcement of a need to visit the mainland and go to B&Q. When asked what was needed, a glib answer of “a break from than little red hellish machine” didn’t entirely satisfy, especially as B&Q are not famed for their supply of tractor parts.

But the store has its uses, almost as mentally soothing as wandering aimlessly in a book shop or once, in electronics stores.

The tractor, usually fairly well behaved, generally needs an oil and filters change at the start of the season, grease pumped everywhere, tyre pressures checked, and invariably some minor welding on the grass cutting deck. Today was different. There was a fresh dusting of snow on the hills here in Argyll and clambering around the small tractor wasn’t an attractive proposition. After connecting up the freshly charged battery, turning the key produced nothing, no clicks, no warning lights, just utter silence. This was half expected, the ignition switch previously needing “shoogled” to tempt the thing into starting, so it was clearly time to fit the replacement I’d ordered when the machine was put away for winter. In an effort to win favour with it, I’d also ordered a new starter solenoid, just in case.

After a few hours, the new parts were comfortably in place, the new key turned, and there was still nothing, except the hills were getting a little more white. It was time to actually do some diagnosis with a volt meter, checking continuity through every single cable on the ignition circuit. Obviously, before going to any of this effort, the fuse board had been checked. After a lot more work, the little red tractor now concealed under an ever growing pile of displaced parts, the dashboard had been removed and it was now time to check the “topple switch” under the seat, something designed to detect if the driver has fallen off or the tractor has toppled. Obviously, this switch was working perfectly but when checking the wiring for it, the discovery of an in-line fuse provoked an immediate sinking feeling. There was a tiny little  20 amp fuse which had blown, thus ensuring nothing on the tractor would work. Once the laughter stopped, it was the work of hours to put everything back together, gentle puffs of snow blowing into the shed to assist in making the day more pleasant.

So, I’m going to visit B&Q with the intention of standing gazing at some self propelled lawnmowers. Perhaps the tedious 1.5 mile walk while cutting grass shall not be as unpleasant as memory dictates. Or maybe the job of servicing the little red tractor shall continue with no further unpleasantness!

And this is why the inspiration to review Kingfisher appeared.

 

Currently, things don’t look that great for the owners of B&Q (and Screwfix etc), their share price threatening reversal to 222p with any further movement below 242p.  Visually, there’s a reasonable argument hoping for a bounce at such a level, due to the coincidence of the Red uptrend on the chart and a prior share price low at the end of last year. Things become a little unpleasant with any break of 222p as a visit to 201p looks extremely possible.

Trading around 253p at present, their share price calculates as needing above 288p to trigger a confident looking recovery cycle, giving an initial ambition at 318p with secondary, if bettered, at a longer term 343p. On the chart, we’ve teased with a distant looking 392p, almost certainly a share price level which should provoke hesitation, and suspect this shall not become an issue unless our little red tractor disgraces itself, forcing the purchase of a lawnmower from B&Q…

  

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:29:22PM BRENT 87 Success
9:44:38PM GOLD 2014.7 Success
9:47:05PM FTSE 7811.85 7803 7793 7754 7833 7858 7885 8087 7771 Success
9:49:06PM STOX50 4338.5 Success
10:06:41PM GERMANY 15682 Success
10:08:34PM US500 4091.32 Success
10:13:08PM DOW 33622.5 33595 33456 33289 33735 33957 34192 34320 33567 ‘cess
10:15:58PM NASDAQ 12851.17 Shambles
10:17:59PM JAPAN 27901 Success

 

12/04/2023 FTSE Closed at 7824 points. Change of 0.5%. Total value traded through LSE was: £ 4,983,460,119 a change of -24.23%
11/04/2023 FTSE Closed at 7785 points. Change of 0.57%. Total value traded through LSE was: £ 6,576,655,503 a change of 53.55%
6/04/2023 FTSE Closed at 7741 points. Change of 1.03%. Total value traded through LSE was: £ 4,283,125,901 a change of -14.63%
5/04/2023 FTSE Closed at 7662 points. Change of 0.37%. Total value traded through LSE was: £ 5,017,004,065 a change of -11.84%
4/04/2023 FTSE Closed at 7634 points. Change of -0.51%. Total value traded through LSE was: £ 5,690,797,913 a change of -12.58%
3/04/2023 FTSE Closed at 7673 points. Change of -100%. Total value traded through LSE was: £ 6,510,009,325 a change of 0%
31/03/2023 FTSE Closed at 7631 points. Change of 0%. Total value traded through LSE was: £ 6,002,582,813 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:AZN Astrazeneca** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CNA Centrica** **LSE:IGAS Igas Energy** **LSE:IQE IQE** **LSE:PHP Primary Health** **LSE:SCLP Scancell** **LSE:TRN The Trainline** **LSE:TSCO Tesco** **

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Updated charts published on : Aston Martin, Astrazeneca, BP PLC, British Telecom, Centrica, Igas Energy, IQE, Primary Health, Scancell, The Trainline, Tesco,

LSE:AML Aston Martin. Close Mid-Price: 232 Percentage Change: + 1.93% Day High: 236.2 Day Low: 223.8

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LSE:AZN Astrazeneca. Close Mid-Price: 11822 Percentage Change: + 1.65% Day High: 11872 Day Low: 11614

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LSE:BP. BP PLC. Close Mid-Price: 539.6 Percentage Change: + 0.48% Day High: 543.7 Day Low: 535.8

Further movement against BP PLC ABOVE 543.7 should improve acceleration t ……..

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LSE:BT.A British Telecom. Close Mid-Price: 154.9 Percentage Change: + 1.34% Day High: 156.9 Day Low: 152.85

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LSE:CNA Centrica. Close Mid-Price: 113.45 Percentage Change: + 0.49% Day High: 116.05 Day Low: 113.05

All Centrica needs are mid-price trades ABOVE 116.05 to improve accelerat ……..

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LSE:IGAS Igas Energy. Close Mid-Price: 17.74 Percentage Change: + 2.48% Day High: 18.48 Day Low: 16.84

Continued trades against IGAS with a mid-price ABOVE 18.48 should improve ……..

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LSE:IQE IQE Close Mid-Price: 24 Percentage Change: -4.19% Day High: 25.1 Day Low: 23.6

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LSE:PHP Primary Health. Close Mid-Price: 106.8 Percentage Change: + 1.14% Day High: 108.3 Day Low: 105.5

All Primary Health needs are mid-price trades ABOVE 108.3 to improve acce ……..

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LSE:SCLP Scancell. Close Mid-Price: 19.5 Percentage Change: + 14.71% Day High: 20 Day Low: 17

Continued trades against SCLP with a mid-price ABOVE 20 should improve th ……..

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LSE:TRN The Trainline Close Mid-Price: 232.6 Percentage Change: -1.44% Day High: 238.2 Day Low: 226.6

If The Trainline experiences continued weakness below 226.6, it will inva ……..

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LSE:TSCO Tesco Close Mid-Price: 267.4 Percentage Change: -0.11% Day High: 268.6 Day Low: 264.4

Continued trades against TSCO with a mid-price ABOVE 268.6 should improve ……..

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

BT Group (LSE:BT.A), looking strangely positive!

#Gold #DAX Typically, we trawl Google News for some salacious gossip regarding whatever share is our focus on any particular evening. Today, for a change, we’d a slightly different motive as BT’s share price appears to be making some positive movements. Surely nothing to do with their relationship with Amazon Web Services (AWS) as it’s difficult to identify any real benefit for BT from this partnership.

Yet, the BT Group newsroom continue to issue Press Releases waxing lyrical about their collaboration, the most recent containing the sentence; “This allows BT customers to benefit from improved simplicity when purchasing via AWS Marketplace”.

It’s pretty sane to suggest if Amazon identify a method by which purchasing from Amazon can be made simpler, they shall roll it out for all their customers, not just BT’s. And why is there no mention of BT actually profiting from any of these simplified purchases?

 

However, aside from our cynical nature, it feels like the market has seen something about BT as their share price looks poised to experience some gains.

There is a pretty solid looking downtrend which dates back to 2016 and currently, price movements exceeding 154.05p should make an attempt at an initial 161p next. As the chart below highlights, this implies a challenge of the Blue downtrend, along with a theory of closure above 161p entering a zone where we can dare speculate on the potential of longer term traffic to a future 211p. While conventional wisdom suggests the risk of some hesitation at such a level, due to the share price’s historical behaviour, the perceived Glass Ceiling is around the 208p level, allowing significant hope the share price shall find any delay just above the 2 quid level as being a fleeting impediment. We shall revisit our analysis should such a level be achieved as some quite strong long term recovery becomes possible.

 

A converse picture demands the share price dial itself back below 134p to ring a wrong number as an initial 129 calculates as possible with secondary, if broken, at 106p and hopefully a trampoline empowered bottom. The implications, should 106p ever break, are silly.

  

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:15:52PM BRENT 85.4 Shambles
9:18:10PM GOLD 2004.19 1995 1992 1987 2003 2007.5 2014 2025 2000
9:26:22PM FTSE 7791.56 Success
9:27:53PM STOX50 4339.7
9:30:21PM GERMANY 15682.86 15622 15589 15540 15677 15710 15742 15782 15663
9:32:26PM US500 4116.47 ‘cess
9:34:51PM DOW 33718.2 Success
9:36:50PM NASDAQ 12988.55 Shambles
9:38:44PM JAPAN 28041 Success

 

11/04/2023 FTSE Closed at 7785 points. Change of 0.57%. Total value traded through LSE was: £ 6,576,655,503 a change of 53.55%
6/04/2023 FTSE Closed at 7741 points. Change of 1.03%. Total value traded through LSE was: £ 4,283,125,901 a change of -14.63%
5/04/2023 FTSE Closed at 7662 points. Change of 0.37%. Total value traded through LSE was: £ 5,017,004,065 a change of -11.84%
4/04/2023 FTSE Closed at 7634 points. Change of -0.51%. Total value traded through LSE was: £ 5,690,797,913 a change of -12.58%
3/04/2023 FTSE Closed at 7673 points. Change of 0.55%. Total value traded through LSE was: £ 6,510,009,325 a change of 8.45%
31/03/2023 FTSE Closed at 7631 points. Change of -100%. Total value traded through LSE was: £ 6,002,582,813 a change of 0%
30/03/2023 FTSE Closed at 7620 points. Change of 0%. Total value traded through LSE was: £ 4,859,647,247 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:BLOE Block Energy PLC** **LSE:BT.A British Telecom** **LSE:CNA Centrica** **LSE:HSBA HSBC** **LSE:IGAS Igas Energy** **LSE:JET Just Eat** **LSE:LLOY Lloyds Grp.** **LSE:PHP Primary Health** **

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Updated charts published on : Aston Martin, Astrazeneca, Barclays, Block Energy PLC, British Telecom, Centrica, HSBC, Igas Energy, Just Eat, Lloyds Grp., Primary Health,

LSE:AML Aston Martin. Close Mid-Price: 227.6 Percentage Change: + 3.36% Day High: 230.4 Day Low: 221.8

Further movement against Aston Martin ABOVE 230.4 should improve accelera ……..

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LSE:AZN Astrazeneca Close Mid-Price: 11630 Percentage Change: -0.60% Day High: 11786 Day Low: 11574

In the event of Astrazeneca enjoying further trades beyond 11786, the sha ……..

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LSE:BARC Barclays. Close Mid-Price: 152.54 Percentage Change: + 0.61% Day High: 154.06 Day Low: 151.78

Further movement against Barclays ABOVE 154.06 should improve acceleratio ……..

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LSE:BLOE Block Energy PLC. Close Mid-Price: 1.95 Percentage Change: + 34.48% Day High: 1.98 Day Low: 1.5

Target met. In the event of Block Energy PLC enjoying further trades beyo ……..

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LSE:BT.A British Telecom. Close Mid-Price: 152.85 Percentage Change: + 2.31% Day High: 153.85 Day Low: 150.4

Continued trades against BT.A with a mid-price ABOVE 153.85 should improv ……..

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LSE:CNA Centrica. Close Mid-Price: 112.9 Percentage Change: + 1.39% Day High: 114.6 Day Low: 111.35

Target met. Further movement against Centrica ABOVE 114.6 should improve ……..

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LSE:HSBA HSBC Close Mid-Price: 562.4 Percentage Change: -0.09% Day High: 564.4 Day Low: 558.3

This continues to refuse to do anything interesting. However, now above 56 ……..

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LSE:IGAS Igas Energy. Close Mid-Price: 17.31 Percentage Change: + 0.12% Day High: 17.8 Day Low: 16

In the event of Igas Energy enjoying further trades beyond 17.8, the shar ……..

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LSE:JET Just Eat. Close Mid-Price: 1344 Percentage Change: + 1.13% Day High: 1356 Day Low: 1294

Continued weakness against JET taking the price below 1294 calculates as ……..

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 49.43 Percentage Change: + 0.84% Day High: 49.9 Day Low: 48.91

Target met. Continued trades against LLOY with a mid-price ABOVE 49.9 sho ……..

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LSE:PHP Primary Health. Close Mid-Price: 105.6 Percentage Change: + 0.96% Day High: 106.3 Day Low: 103.9

Further movement against Primary Health ABOVE 106.3 should improve accele ……..

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

Barclays (LSE:BARC), ready to fly?

#Gold #Dax By most criteria, we should wholeheartedly approve of the games being played with Barclays share price.  We’ve circled an area of the chart, one which featured in our report three weeks ago, where we presented a scenario allowing weakness to 134p. The share price actually, following some intraday fun and games, closed at a low of 133.9p, pretty exactly given the number of gaps exhibited by the share price during March and April.

Often, when we come across shares under such tight control by the market, a degree of confidence is allowed for future movement scenario, regardless of the direction being speculated upon.

In the case of Barclays, our inclination is to speculate on the potential of future gains, hopefully the world remaining calmed down by the usual Easter chocolate overdose. Personally, it has been a pleasure this year not feeling the need to loosen my belt, due to stealing grand-children’s easter eggs. This turns out to be a positive side effect of T2 Diabetes and better still, deciding to “fall off the wagon” on Sunday brought a surprise discovery my chocolate cravings had gone and now, I didn’t even like the stuff!

 

Our hope for Barclays demands the share price closes above 159p as this looks certain to trigger movement to an initial 163p with secondary, if bettered, a visually sane 175p. What’s surprising about our 175 ambition is it collides, almost dangerously accurately, with some share price shenanigans in February this year, when the market opted to gap (manipulate) Barclays share price below the Blue downtrend since 2007.

It’d be fair to suggest we shall be frothing with optimism, if the price manages to regain this Blue downtrend as the market almost managed to issue a Press Release saying it regards it as important. It results in a situation where closure above Blue should be taken as the first solid signal some movement of strength should be expected as our software has designated a future 220 as a significant point of interest.

 

If everything intends go wrong for Barclays, below 134p shall now prove troublesome, giving an initial expectation of 115 with secondary, if broken, at 99p.

  

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
11:23:10PM BRENT 84.17 83.75 83.105 82.31 84.72 85.49 85.925 86.6 84.58
11:24:44PM GOLD 1991.22 1996
11:27:04PM FTSE 7772 7757
11:28:34PM STOX50 4328.4 4311
12:03:47AM GERMANY 15682 15545 15497 15431 15615 15697 15728 15789 15624
12:05:28AM US500 4116.72 4102
12:07:33AM DOW 33609.3 33499
12:09:05AM NASDAQ 13067.29 13005
12:12:58AM JAPAN 27869 27820

 

6/04/2023 FTSE Closed at 7741 points. Change of 1.03%. Total value traded through LSE was: £ 4,283,125,901 a change of -14.63%
5/04/2023 FTSE Closed at 7662 points. Change of 0.37%. Total value traded through LSE was: £ 5,017,004,065 a change of -11.84%
4/04/2023 FTSE Closed at 7634 points. Change of -0.51%. Total value traded through LSE was: £ 5,690,797,913 a change of -12.58%
3/04/2023 FTSE Closed at 7673 points. Change of 0.55%. Total value traded through LSE was: £ 6,510,009,325 a change of 8.45%
31/03/2023 FTSE Closed at 7631 points. Change of 0.14%. Total value traded through LSE was: £ 6,002,582,813 a change of 23.52%
30/03/2023 FTSE Closed at 7620 points. Change of 0.74%. Total value traded through LSE was: £ 4,859,647,247 a change of 17.38%
29/03/2023 FTSE Closed at 7564 points. Change of 1.07%. Total value traded through LSE was: £ 4,139,938,147 a change of -38.03%

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:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:BLOE Block Energy PLC** **LSE:CASP Caspian** **LSE:CNA Centrica** **LSE:IPF International Personal Finance** **LSE:JET Just Eat** **LSE:MMAG Music Magpie** **LSE:NG. National Glib** **LSE:QED Quadrise** **

********

Updated charts published on : Astrazeneca, Barclays, Block Energy PLC, Caspian, Centrica, International Personal Finance, Just Eat, Music Magpie, National Glib, Quadrise,

LSE:AZN Astrazeneca. Close Mid-Price: 11700 Percentage Change: + 0.91% Day High: 11734 Day Low: 11594

Further movement against Astrazeneca ABOVE 11734 should improve accelerat ……..

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LSE:BARC Barclays. Close Mid-Price: 151.62 Percentage Change: + 2.64% Day High: 152 Day Low: 148.44

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LSE:BLOE Block Energy PLC. Close Mid-Price: 1.45 Percentage Change: + 20.83% Day High: 1.55 Day Low: 1.2

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LSE:CASP Caspian Close Mid-Price: 5.55 Percentage Change: -1.77% Day High: 5.75 Day Low: 5.55

Continued weakness against CASP taking the price below 5.55 calculates as ……..

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LSE:CNA Centrica. Close Mid-Price: 111.35 Percentage Change: + 1.78% Day High: 112.6 Day Low: 109.8

Continued trades against CNA with a mid-price ABOVE 112.6 should improve ……..

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LSE:IPF International Personal Finance Close Mid-Price: 95.4 Percentage Change: -7.38% Day High: 99.8 Day Low: 93.8

Target met. If International Personal Finance experiences continued weakn ……..

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LSE:JET Just Eat Close Mid-Price: 1329 Percentage Change: -1.77% Day High: 1393 Day Low: 1319

Weakness on Just Eat below 1319 will invariably lead to 1283 with seconda ……..

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LSE:MMAG Music Magpie Close Mid-Price: 22 Percentage Change: -4.35% Day High: 23 Day Low: 22

Continued weakness against MMAG taking the price below 22 calculates as l ……..

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LSE:NG. National Glib. Close Mid-Price: 1140 Percentage Change: + 0.97% Day High: 1151 Day Low: 1127.5

Further movement against National Glib ABOVE 1151 should improve accelera ……..

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LSE:QED Quadrise. Close Mid-Price: 1.3 Percentage Change: + 0.58% Day High: 1.32 Day Low: 1.2

Below 1.2 looks dangerous, now allowing reversal to 0.7 and that’s it. We ……..

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

FTSE for Friday on Thursday (FTSE:UKX)

#FTSE #Gold  As the markets wind down for the Easter Weekend, we were struck by how important our Blue downtrend featured in last Fridays article has proven.  Last Thursday, we’d speculated whether the markets failure to close above the downtrend was significant and now, it appears to be the case, only in a way we hadn’t entirely anticipated.

This week has seen the index close above the trend, retreat slightly to close exactly on the trend, and now, is making slight upward nudges. It’s certainly creating a visual picture of strength and, if it were a share, we’d be quite comfortable speculating on the potentials for continued growth. A tiny little fly landed in the ointment when the FTSE closed 10 points below the previous high this week, the lower high implying a risk of slower movement.

However, as it’s Easter and the annual chocolate binge for everyone except me (T2 Diabetes), about the best scenario we dare give is the potential of movement next above 7679 triggering growth toward 7751 next. Our secondary, should such a level be exceeded, now calculates at 7932 points and the potential for a stutter in the cycle. The reasons behind this risk are pretty obvious from the chart below, the market previously opting to stall at such a level at the start of March. In-house, when we come across these “stalls” on the way up, we’ve tended to settle on them simply ensuring a delay in any rising cycle, rather than a solid ceiling level.

Who knows, perhaps the FTSE still intends a visit to the 8200 level eventually.

 

Our alternate scenario, if everything intends fall apart, comes should the FTSE discover sufficient excuse to slither below 7630 points, such a calamity calculating with an initial drop potential at 7581 and hopefully a bounce as it meets the historic downtrend. Our secondary, if broken, is at 7532 and a bit problematic, risking the index vanishing down faster than Scotlands Nicola Sturgeon avoiding TV crews, should this level also break.

We can provide 7144 as a potential bottom level but realistically, the FTSE could find itself at 6800 faster than Ms Sturgeon will doubtless say; “Who’s this Peter Murrell person? I’ve no recollection of marrying him… I’ll need to check my diary as we never talked!”

 

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:32:42PM BRENT 84.74 83.71 83.14 85.12 85.91 86.36 84.93
9:34:45PM GOLD 2021.06 2010 2006 2020 2024 2028 2018 ‘cess
9:36:27PM FTSE 7673 7631 7626 7651 7682 7697 7663
9:39:06PM STOX50 4304.3 4289 4277 4305 4327 4336 4307 ‘cess
9:51:23PM GERMANY 15531 15472 15373 15574 15621 15637 15577 ‘cess
10:19:56PM US500 4088.27 4072 4060 4095 4108 4117 4088 ‘cess
10:21:39PM DOW 33474.5 33318 33274 33440 33538 33586 33446
10:24:00PM NASDAQ 12961.44 12898 12807 12985 13132 13216 13062 Success
10:26:36PM JAPAN 27673 27552 27494 27653 27856 28007 27723 Success

 

5/04/2023 FTSE Closed at 7662 points. Change of 0.37%. Total value traded through LSE was: £ 5,017,004,065 a change of -11.84%
4/04/2023 FTSE Closed at 7634 points. Change of -0.51%. Total value traded through LSE was: £ 5,690,797,913 a change of -12.58%
3/04/2023 FTSE Closed at 7673 points. Change of 0.55%. Total value traded through LSE was: £ 6,510,009,325 a change of 8.45%
31/03/2023 FTSE Closed at 7631 points. Change of 0.14%. Total value traded through LSE was: £ 6,002,582,813 a change of 23.52%
30/03/2023 FTSE Closed at 7620 points. Change of 0.74%. Total value traded through LSE was: £ 4,859,647,247 a change of 17.38%
29/03/2023 FTSE Closed at 7564 points. Change of 1.07%. Total value traded through LSE was: £ 4,139,938,147 a change of -38.03%
28/03/2023 FTSE Closed at 7484 points. Change of 0.17%. Total value traded through LSE was: £ 6,680,856,903 a change of 37.06%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:BARC Barclays** **LSE:CNA Centrica** **LSE:JET Just Eat** **LSE:NG. National Glib** **LSE:PMG Parkmead** **LSE:SDY Speedyhire** **LSE:TRN The Trainline** **

********

Updated charts published on : Aston Martin, Barclays, Centrica, Just Eat, National Glib, Parkmead, Speedyhire, The Trainline,

LSE:AML Aston Martin Close Mid-Price: 213 Percentage Change: -4.23% Day High: 234.4 Day Low: 209.2

This is getting a little dodgy, perhaps their method of cheating in Formul ……..

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LSE:BARC Barclays. Close Mid-Price: 147.72 Percentage Change: + 0.83% Day High: 150.22 Day Low: 147.22

Continued trades against BARC with a mid-price ABOVE 150.22 should improv ……..

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LSE:CNA Centrica. Close Mid-Price: 109.4 Percentage Change: + 1.67% Day High: 111.05 Day Low: 107.75

Target met. All Centrica needs are mid-price trades ABOVE 111.05 to impro ……..

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LSE:JET Just Eat Close Mid-Price: 1353 Percentage Change: -6.24% Day High: 1479 Day Low: 1336

If Just Eat experiences continued weakness below 1336, it will invariably ……..

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LSE:NG. National Glib. Close Mid-Price: 1129 Percentage Change: + 2.36% Day High: 1130.5 Day Low: 1106

Target met. In the event of National Glib enjoying further trades beyond ……..

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LSE:PMG Parkmead Close Mid-Price: 25.25 Percentage Change: -4.54% Day High: 26.4 Day Low: 23.5

In the event Parkmead experiences weakness below 22 it calculates with a d ……..

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LSE:SDY Speedyhire Close Mid-Price: 30.5 Percentage Change: -5.72% Day High: 32.35 Day Low: 30.5

Target met. Continued weakness against SDY taking the price below 30.5 ca ……..

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LSE:TRN The Trainline Close Mid-Price: 236.2 Percentage Change: -2.56% Day High: 242.4 Day Low: 232.6

Target met. In the event The Trainline experiences weakness below 232.6 i ……..

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

RIT Capital Partners (LSE:RCP), family biased investors…

Formed in 1961 and originally known as Rothschild Investment Trust, the organisation formed to provide the English branch of the family with investments, outside their family bank. It was the sort of arrangement known to many of us… Now housed in Spencer House in London, a fabulous palace, one of few surviving in the city, the company give the impression they’re here to stay! Except they ‘only’ rent Spencer House on a long term lease.

 

The recent visit to 1798p was interesting, this perhaps being an official “bottom” for the share price, following the declines since the start of 2022. There’s certainly a few reasons giving some hope proper recovery shall commence as above 1921p anytime soon should hopefully trigger a nod in the direction of 1989p. In the event such a meek ambition is exceeded, our secondary calculates up at 2051p, along with almost certain hesitation given previous share price behaviour.

For the longer term, closure above 2051p looks like becoming an essential ingredient of a mix of arguments, a scenario which unveils a distant 2595p as a viable ambition.

Our alternate scenario, if things intend go horribly wrong for RIT, requires the share price to close a session below Red on the chart below, currently around 1800p. A calamity such as this is liable to trigger reversal to 1502p initially with secondary, if broken, an eventual bottom at 1190p. At time of writing, absolutely nothing is pointing in such a direction.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:20:43PM BRENT 84.81 83.35 82.65 81.55 84.6 85.95 86.28 87.24 84.9
9:24:48PM GOLD 2021.35 2015 2010 2006 2023 2025 2029 2037 2009 Success
9:48:29PM FTSE 7648 7625 7611 7596 7650 7688 7698 7723 7663 ‘cess
9:50:56PM STOX50 4320 4305 4289 4267 4327 4355 4368 4387 4339 ‘cess
9:53:09PM GERMANY 15630.52 15583 15525 15453 15631 15741 15884 16087 15595 Success
9:54:48PM US500 4106.47 4088 4077 4055 4110 4145 4161 4185 4120 Shambles
10:33:32PM DOW 33441 33273 33242 33091 33440 33697 33821 34005 33558
10:35:22PM NASDAQ 13114.39 13071 13050 12987 13139 13239 13292 13371 13183 ‘cess
10:37:29PM JAPAN 28090 27993 27891 27747 28106 28149 28209 28281 28080 ‘cess

 

4/04/2023 FTSE Closed at 7634 points. Change of -0.51%. Total value traded through LSE was: £ 5,690,797,913 a change of -12.58%
3/04/2023 FTSE Closed at 7673 points. Change of 0.55%. Total value traded through LSE was: £ 6,510,009,325 a change of 8.45%
31/03/2023 FTSE Closed at 7631 points. Change of 0.14%. Total value traded through LSE was: £ 6,002,582,813 a change of 23.52%
30/03/2023 FTSE Closed at 7620 points. Change of 0.74%. Total value traded through LSE was: £ 4,859,647,247 a change of 17.38%
29/03/2023 FTSE Closed at 7564 points. Change of 1.07%. Total value traded through LSE was: £ 4,139,938,147 a change of -38.03%
28/03/2023 FTSE Closed at 7484 points. Change of 0.17%. Total value traded through LSE was: £ 6,680,856,903 a change of 37.06%
27/03/2023 FTSE Closed at 7471 points. Change of 0.89%. Total value traded through LSE was: £ 4,874,298,034 a change of -13.9%

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:CAR Carclo** **LSE:EME Empyrean** **LSE:IPF International Personal Finance** **LSE:ODX Omega Diags** **LSE:PMG Parkmead** **LSE:TERN Tern Plc** **LSE:VOD Vodafone** **

********

Updated charts published on : Block Energy PLC, Carclo, Empyrean, International Personal Finance, Omega Diags, Parkmead, Tern Plc, Vodafone,

LSE:BLOE Block Energy PLC. Close Mid-Price: 1.2 Percentage Change: + 9.09% Day High: 1.25 Day Low: 1.1

Now above 1.25 threatens gains to an initial 1.37 with secondary, if beate ……..

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LSE:CAR Carclo Close Mid-Price: 12.72 Percentage Change: -5.74% Day High: 13 Day Low: 12.5

This is on the edge of messy as below 12.5 currently suggests the potentia ……..

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LSE:EME Empyrean Close Mid-Price: 1.02 Percentage Change: -4.88% Day High: 1 Day Low: 1

If Empyrean experiences continued weakness below 1, it will invariably le ……..

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LSE:IPF International Personal Finance Close Mid-Price: 97 Percentage Change: -5.37% Day High: 102.5 Day Low: 99.4

Below 97 now threatens reversal to an initial 93 with secondary, if broken ……..

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LSE:ODX Omega Diags Close Mid-Price: 3 Percentage Change: -1.64% Day High: 3.05 Day Low: 2.9

Below 2.9 now indicates coming reversal to 2.6 with secondary, if broken, ……..

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LSE:PMG Parkmead Close Mid-Price: 26.45 Percentage Change: -2.04% Day High: 27 Day Low: 22.5

Target met. In the event Parkmead experiences weakness below 22 it calcul ……..

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LSE:TERN Tern Plc. Close Mid-Price: 6.5 Percentage Change: + 4.00% Day High: 6.5 Day Low: 5.75

Continued weakness against TERN taking the price below 5.75 calculates as ……..

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LSE:VOD Vodafone Close Mid-Price: 87.48 Percentage Change: -2.21% Day High: 89.61 Day Low: 87.2

This awful share seems determined to dial itself downward as now below 87 ……..

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

Premier African Minerals (LSE:PREM) , shuffling at the gate? 

#Gold #SP500 We like it when emails received over a few days, all address the same subject. Generally, it’s a pretty reliable indication of traders awaiting “something” important happening and in this instance, it looks like the market is awaiting something positive for LSE:PREM. Thankfully, whatever is going on doesn’t feel like misplaced chatroom optimism, if only due to the inset area on the chart below.

On February 13th, the AIM market decided Premier should be gapped/jumped/manipulated (circled) above Blue on the chart, presumably with an imminent expectation of positive news. Alas, a further month was to pass without anything interesting happening, aside from the market taking exceptional care to ensure the share price didn’t retreat below the Blue historical downtrend since 2015. Our suspicion is this shall prove to be a positive signal, on the assumption the company finally get around to issuing news the markets like.

Presently trading around 0.93p, the share price allegedly only needs now trade above 0.97 to trigger price gains to an initial 1.55p with our secondary, if exceeded, calculating at an impressive 2.15p. It’s certainly not often we find ourselves speculating as to whether a price will double, fairly near term. Overall, our software is trying to make us believe a distant 3.6p could even be exerting a magnetic attraction for the future.

If choosing to look for reasons to panic, Premium African Minerals needs close below Blue, this doubtless being a solid suggestion something has gone terribly wrong for the company. Any movement such as this dumps the share price into a region, where 0.14p has nominated itself as an “ultimate bottom” for the share.

Hopefully this shall prove worth keeping an eye on in the days ahead.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:10:56PM BRENT Success
9:13:16PM GOLD 1985.61 1958 1949 1935 1979 1991 2006 2025 1971 ‘cess
9:15:42PM FTSE ‘cess
9:17:43PM STOX50
9:19:31PM GERMANY
9:28:47PM US500 4128 4093 4083 4067 4111 4131 4177 4230 4099 ‘cess
9:31:52PM DOW ‘cess
9:35:29PM NASDAQ
9:37:31PM JAPAN
3/04/2023 FTSE Closed at 7673 points. Change of 0.55%. Total value traded through LSE was: £ 6,510,009,325 a change of 8.45%
31/03/2023 FTSE Closed at 7631 points. Change of 0.14%. Total value traded through LSE was: £ 6,002,582,813 a change of 23.52%
30/03/2023 FTSE Closed at 7620 points. Change of 0.74%. Total value traded through LSE was: £ 4,859,647,247 a change of 17.38%
29/03/2023 FTSE Closed at 7564 points. Change of 1.07%. Total value traded through LSE was: £ 4,139,938,147 a change of -38.03%
28/03/2023 FTSE Closed at 7484 points. Change of 0.17%. Total value traded through LSE was: £ 6,680,856,903 a change of 37.06%
27/03/2023 FTSE Closed at 7471 points. Change of 0.89%. Total value traded through LSE was: £ 4,874,298,034 a change of -13.9%
24/03/2023 FTSE Closed at 7405 points. Change of -1.25%. Total value traded through LSE was: £ 5,661,322,709 a change of -17%

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:BP. BP PLC** **LSE:CNA Centrica** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:PMG Parkmead** **LSE:SPX Spirax** **LSE:TLW Tullow** **

********

Updated charts published on : Barclays, BP PLC, Centrica, Genel, Gulf Keystone, Parkmead, Spirax, Tullow,

LSE:BARC Barclays. Close Mid-Price: 148.26 Percentage Change: + 1.69% Day High: 149.96 Day Low: 146.46

In the event of Barclays enjoying further trades beyond 149.96, the share ……..

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LSE:BP. BP PLC. Close Mid-Price: 532.7 Percentage Change: + 4.29% Day High: 540.3 Day Low: 530

Continued trades against BP. with a mid-price ABOVE 540.3 should improve ……..

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LSE:CNA Centrica. Close Mid-Price: 108.25 Percentage Change: + 2.07% Day High: 109.45 Day Low: 106.45

In the event of Centrica enjoying further trades beyond 109.45, the share ……..

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LSE:GENL Genel. Close Mid-Price: 123.8 Percentage Change: + 5.81% Day High: 130 Day Low: 119.4

All Genel needs are mid-price trades ABOVE 130 to improve acceleration to ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 175.8 Percentage Change: + 20.58% Day High: 181 Day Low: 161.2

Target met. Continued trades against GKP with a mid-price ABOVE 181 shoul ……..

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LSE:PMG Parkmead Close Mid-Price: 27 Percentage Change: -22.86% Day High: 34.9 Day Low: 25.8

Target met. If Parkmead experiences continued weakness below 25.8, it wil ……..

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LSE:SPX Spirax Close Mid-Price: 11715 Percentage Change: -1.18% Day High: 11815 Day Low: 11655

Spirax is starting to look useful as above 11815 now permits recovery to a ……..

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LSE:TLW Tullow. Close Mid-Price: 33.44 Percentage Change: + 6.02% Day High: 33.82 Day Low: 32.78

In the event of Tullow enjoying further trades beyond 33.82, the share sh ……..

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

Natwest Group & Brent thoughts (LSE:NWG) , crisis actors? 

#Brent #Dax Speculating on what’s coming with Natwest turns out to be easier than guessing a 10 year olds effort in Charades. Her attempt to act the song title; “Fairytale of New York” proved ridiculous but great fun. When we reviewed Natwest 3 weeks ago, we speculated on an argument it would head to 238p, achieved a week later when it hit 237.2p, a reduction from the 286p the share was trading at when we compiled our report.

The fact it broke our drop target by 0.8p doesn’t appear to be critical, more a reflection on calibration rather than a solid signal the world is facing another international banking crisis. Certainly, there are more attempts being made to soft-focus problems with banks than incorrect answers to our grand-childs terrible clues for her charade task.

 

We’ve a sneaking suspicion the current “banking crisis” shall prove short lived, partially due to the very exact nature of reversals as they’ve lacked the usual chaos we’ve come to accept, when drops are genuine. The converse is also true, something being acted out with the current price of Brent Crude. It was neatly on track to head down, potentially to the mid-$50 levels, but news over the weekend producers announced a daily production reduction created something which feels like a temporary rise of around $10, delaying but not removing the chanced of a crash in oil prices. Our argument remains, Brent needs above $88 to get out of trouble.

From a near term perspective,  Natwest requires to exceed 272p to regain Blue on the chart, anticipating a visit to an initial 307p with secondary, if exceeded, a more useful 334p. This secondary if liable to prove quite a big deal, hopefully dumping the share price into a zone with 398p now exerting a future attraction.

If Natwest intends sow the seeds of destruction, below 260p calculates with the potential of a visit to an initial 256p with secondary, if broken, once again working out with the possibility of another visit to 237p. At this price level, there’s a very real danger of the share price stumbling below the Red uptrend, giving reason to justify a visit to the 203p level.

 

For now, we suspect it intends head upward.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
10:54:14AM BRENT 79.9 77.1 76.03 74.74 78.43 80 80.7 84.26 77.86
10:56:05AM GOLD 1969.72 1972
11:02:27AM FTSE 7649.31 7624
11:04:36AM STOX50 4325.6 4298
11:06:58AM GERMANY 15654.84 15492 15418 15335 15580 15667 15695 16078 15633
11:10:58AM US500 4108.02 4092
11:13:38AM DOW 33261.8 33116
11:18:26AM NASDAQ 13178.82 13088
11:21:10AM JAPAN 28226 28031

 

31/03/2023 FTSE Closed at 7631 points. Change of 0.14%. Total value traded through LSE was: £ 6,002,582,813 a change of 23.52%
30/03/2023 FTSE Closed at 7620 points. Change of 0.74%. Total value traded through LSE was: £ 4,859,647,247 a change of 17.38%
29/03/2023 FTSE Closed at 7564 points. Change of 1.07%. Total value traded through LSE was: £ 4,139,938,147 a change of -38.03%
28/03/2023 FTSE Closed at 7484 points. Change of 0.17%. Total value traded through LSE was: £ 6,680,856,903 a change of 37.06%
27/03/2023 FTSE Closed at 7471 points. Change of 0.89%. Total value traded through LSE was: £ 4,874,298,034 a change of -13.9%
24/03/2023 FTSE Closed at 7405 points. Change of -1.25%. Total value traded through LSE was: £ 5,661,322,709 a change of -17%
23/03/2023 FTSE Closed at 7499 points. Change of -0.89%. Total value traded through LSE was: £ 6,821,003,257 a change of 31.84%

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:GKP Gulf Keystone** **LSE:IAG British Airways** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:PMG Parkmead** **LSE:SBRY Sainsbury** **LSE:TSCO Tesco** **

********

Updated charts published on : Gulf Keystone, British Airways, Marks and Spencer, National Glib, Parkmead, Sainsbury, Tesco,

LSE:GKP Gulf Keystone. Close Mid-Price: 145.8 Percentage Change: + 0.28% Day High: 147 Day Low: 139.8

If Gulf Keystone experiences continued weakness below 139.8, it will inva ……..

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LSE:IAG British Airways. Close Mid-Price: 150.98 Percentage Change: + 1.60% Day High: 152.98 Day Low: 150.58

All British Airways needs are mid-price trades ABOVE 152.98 to improve a ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 167 Percentage Change: + 0.60% Day High: 168.45 Day Low: 162.3

Further movement against Marks and Spencer ABOVE 168.45 should improve ac ……..

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LSE:NG. National Glib. Close Mid-Price: 1096.5 Percentage Change: + 1.06% Day High: 1100 Day Low: 1077.5

Target met. Continued trades against NG. with a mid-price ABOVE 1100 shou ……..

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LSE:PMG Parkmead Close Mid-Price: 35 Percentage Change: -8.38% Day High: 38 Day Low: 33.9

Continued weakness against PMG taking the price below 33.9 calculates as ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 278.7 Percentage Change: + 1.09% Day High: 280.3 Day Low: 275.5

Target met. Further movement against Sainsbury ABOVE 280.3 should improve ……..

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LSE:TSCO Tesco. Close Mid-Price: 265.7 Percentage Change: + 0.30% Day High: 267.7 Day Low: 264.5

In the event of Tesco enjoying further trades beyond 267.7, the share sho ……..

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