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#Brent #DAX One of the things about having a secret Nuclear Submarine base just long the road, along with Europe’s largest store of Nuclear weapons, is imagining a good snowball fight. If you have a snowball, the very last thing you would do is throw it at someone standing beside a big pile of snowballs! These are the sort of lies we tell ourselves here in this bit of Argyll, safely insulating ourselves a grim reality while makes the lack of tourism understandable. However, the other day, things got very real with local gossip telling a story about an Iranian bloke and a Romanian woman trying to get into the sprawling nuclear base.<\/p>\n
With Iran being centre stage in the Middle East, this news certainly raised an eyebrow, even though it took until Saturday before mainstream media acknowledged the event had happened. The next stage will probably be a suggestion the Iranian visitor was known to have mental problems, while the woman was conducting a TikTok prank. However, the entire affair is a bit unsettling, the Middle East suddenly not being quite as far away regardless of what efforts the UK Government will employ to minimise the news story. After all, there’s no rule dictating Iranian drones can only be launched from Iran, as a ship would provide a stable launch platform, aside from the obvious problem of quite a few mountains, providing often foul weather in Argyll, creating quite big instructions against inbound fireworks.<\/p>\n
However, the markets seem to be taking things seriously and Lloyds have now achieved our proposed secondary target at the 90p level. The immediate situation suggests weakness below 90.5 should next trigger reversals to an initial 88p, our secondary calculating at 80p. Despite conventional market behaviour hinting at the potential of a near term bounce, unless any recovery exceeds 97p, there is a high likelihood of Lloyds remaining in a weak zone. This results in a situation where any domino effect breaking our drop targets calculates with an eventual bottom at 60p making itself apparent.<\/p>\n
Perhaps this shall prove worth watching for against Lloyds, if nastiness continues among the folks spoiling what looks like a good Formula1 season.<\/p>\n
Our alternate scenario, if life chooses to take a positive turn, above 97p now works out with a strong potential of share price recovery to an initial 125p with our secondary calculating at 132p and some serious hesitation. It looks like an interesting week is ahead, so we may choose to issue updates on Lloyds and the FTSE too.<\/p>\n
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