{"id":1061,"date":"2019-07-08T00:07:32","date_gmt":"2019-07-07T23:07:32","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=1061"},"modified":"2019-07-08T07:49:21","modified_gmt":"2019-07-08T06:49:21","slug":"rbs-glencore-ferrari-for-8-07-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/07\/08\/rbs-glencore-ferrari-for-8-07-2019\/","title":{"rendered":"RBS, Glencore, & Ferrari for 8\/07\/2019"},"content":{"rendered":"\n

<\/p>\n\n\n\n

#Brent #DAX <\/strong>As always, we’re launching the week with a review of last weeks predictions. Unlike politicians, we prefer not to forget things we’d said previously, especially as there is real money involved. As opposed to politicians juggling an entire countries financial future along with their career prospects.<\/p>\n\n\n\n

Ferrari<\/strong> is proving a bit of a near term worry. \nThe share price quite cheerfully traded beyond 165, almost touching the 170 \nlevel before a slight fallback. Our scenario allows for moves above 165 reaching \n188 initially! Our slight concern comes from the share price being Gapped Up on \nThursday, then Gapped Down on Friday. If the market intends play a GaGa tune, \nthis should suggest coming weakness to 159 before any further surge upward. The \nissue comes, if 159 breaks, as it could easily reverse to 153 and a possible \nfuture bonk against the RED uptrend. At present, the price requires close below \nRED at 150p to cancel the prospect of 188 in Ferrari future.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

RBS<\/strong> appears to have triggered movement upward toward 234p, reaching \nthe dizzy height of 229p so far. Remarkably, it remains the case of above 234p \nallowing a longer term stronger rise to 253p. Unfortunately, we still distrust \nthis share and our weasel worded demand, that the price CLOSE above 234p to \nforce a rise to be taken seriously, remains as valid now as it was a week ago.<\/p>\n\n\n\n

The retail banks had all been on board for a bit of a thrashing but the \ncontinued Brexit delays appear to have placed their share prices in a holding \npattern. In plain English, we suspect drops have been delayed but not cancelled. \nThe dangerous number for RBS remains of movement below 212p.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

Glencore<\/strong>, while not having vanished down a rabbit hole, show little \nsign of avoiding such a doom. The share price still requires exceed 300p to get \nout of trouble though, visually, we’d raise an eyebrow if it even managed \nstumble above 282p as some sort of glass ceiling appears to be forming. Even \nabove 283p now hints at 312p proving a valid ambition, along with some sort of \nmiracle recovery. We have our doubts.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n
\"\"\/<\/figure>\n\n\n\n\n
\n\t

Time Issued<\/font><\/TD>

\n\t

Market<\/font><\/TD>

\n\t

Price At Issue<\/font><\/TD>

\n\t

Short Entry<\/font><\/TD>

\n\t

Fast Exit<\/font><\/TD>

\n\t

Slow Exit<\/font><\/TD>

\n\t

Stop<\/font><\/TD>

\n\t

Long Entry<\/font><\/TD>

\n\t

Fast Exit<\/font><\/TD>

\n\t

Slow Exit<\/font><\/TD>

\n\t

Stop<\/font><\/TD>

\n\t

Prior<\/font><\/TD> <\/TR>\nFUTURES<\/font><\/a>

\n\t

1:02:57AM<\/font><\/TD>

\n\t

BRENT<\/font><\/TD>

\n\t

64.37<\/font><\/TD>

\n\t

62.78<\/font><\/TD>

\n\t

62.235<\/font><\/TD>

\n\t

61.5<\/font><\/TD>

\n\t

63.89<\/font><\/TD>

\n\t

64.44<\/font><\/TD>

\n\t

64.59<\/font><\/TD>

\n\t

65.18<\/font><\/TD>

\n\t

63.28<\/font><\/TD>

\n\t

Shambles<\/font><\/TD> <\/TR>\n

\n\t

1:05:40AM<\/font><\/TD>

\n\t

GOLD<\/font><\/TD>

\n\t

1399<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n

\n\t

1:08:06AM<\/font><\/TD>

\n\t

FTSE<\/font><\/TD>

\n\t

7566.95<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n

\n\t

1:10:31AM<\/font><\/TD>

\n\t

FRANCE<\/font><\/TD>

\n\t

5601.2<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n

\n\t

1:12:20AM<\/font><\/TD>

\n\t

GERMANY<\/font><\/TD>

\n\t

12575<\/font><\/TD>

\n\t

12519<\/font><\/TD>

\n\t

12465.5<\/font><\/TD>

\n\t

12402<\/font><\/TD>

\n\t

12619<\/font><\/TD>

\n\t

12644<\/font><\/TD>

\n\t

12680.5<\/font><\/TD>

\n\t

12734<\/font><\/TD>

\n\t

12551<\/font><\/TD>

\n\t

Success<\/font><\/TD> <\/TR>\n

\n\t

1:14:39AM<\/font><\/TD>

\n\t

US500<\/font><\/TD>

\n\t

2988.02<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

1:17:00AM<\/font><\/TD>

\n\t

DOW<\/font><\/TD>

\n\t

26906.7<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n

\n\t

1:18:40AM<\/font><\/TD>

\n\t

NASDAQ<\/font><\/TD>

\n\t

7830<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n

\n\t

1:21:03AM<\/font><\/TD>

\n\t

JAPAN<\/font><\/TD>

\n\t

21682<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n\n<\/TABLE>\n\n

5\/07\/2019 FTSE Closed at 7553 points. Change of -0.66%. Total value traded through LSE was: \u00a3 4,720,799,465 a change of 23.24%<\/h>\n","protected":false},"excerpt":{"rendered":"

#Brent #DAX As always, we’re launching the week with a review of last weeks predictions. Unlike politicians, we prefer not to forget things we’d said previously, especially as there is real money involved. As opposed to politicians juggling an entire countries financial future along with their career prospects. Ferrari is proving a bit of a … <\/p>\n

Continue reading “RBS, Glencore, & Ferrari for 8\/07\/2019”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1061","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/comments?post=1061"}],"version-history":[{"count":2,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1061\/revisions"}],"predecessor-version":[{"id":1063,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1061\/revisions\/1063"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=1061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=1061"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=1061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}