A common theme running through any reports we provide on Crude Oil has been a firm belief the product price is being manipulated. To judge from movements, it feels very like the USA and Iran must be colluding in taking turns to provoke market “crisis”, the driving force always being the start of any trend which risks returning the price of the product to sensible levels. We can be thankful repeated UK Government “initiatives” to diminish North Sea activity in their hunt for Green credentials has ensured the UK has taken a very minor role in the Straits of Hormuz, due to the price of Crude Oil currently providing very little windfall profit to the UK.
Not since UK Chancellor Gordon Brown sold the UK’s Gold Reserves at the bottom of the market, has it been so apparent the Government appears to forget it’s in position for the benefit of the country, rather than adherence to political dogma. We obviously dislike the manual control of oil prices but concede it makes sense for the USA to work in the USA’s interests. Such a common sense approach appears absent from the UK.
Price movements against Brent Crude, since April of this year, in normal circumstances would have strong indicated an imminent return for Brent back to its historically sane price level around $61. Instead, on each occasion the market felt like it was weakening, someone would fire missiles or someone would drop some bombs, waking the media up who oblige with their standard “The Sky is Falling ” headless chicken mode. It does remain the case where conventional Big Picture logic still allows for market reversals but we’ve about lost confidence this shall happen.
At present, we can calculate an issue at the $100 level. Movement above such a point risks triggering price gains to an initial 119 dollars with our secondary, if bettered, at a painful sounding 129 dollars. This secondary ambition unfortunately makes some visual sense, due to the previous market high when the Ukraine thing kicked off.
If there is to be any form of reversal, we can work out below 91 dollars could now be an issue, capable of triggering an oil drip down to an initial 75 dollars with our secondary, if broken, at $61 and a return to the median price level experienced since 2012.
This certainly creates a situation where $91 represents a reasonable Stop Loss point, if our $100 trigger is activated.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:27:21PM | BRENT | 9798.1 | |||||||||
| 10:30:24PM | GOLD | 4354.72 | |||||||||
| 10:40:52PM | FTSE | 10762.2 | Success | ||||||||
| 10:43:02PM | STOX50 | 6371.7 | 6359 | 6347 | 6324 | 6392 | 6416 | 6421 | 6452 | 6395 | ‘cess |
| 10:45:47PM | GERMANY | 25867.3 | ‘cess | ||||||||
| 10:50:01PM | US500 | 7674.1 | ‘cess | ||||||||
| 10:54:11PM | DOW | 52793 | ‘cess | ||||||||
| 10:57:47PM | NASDAQ | 29508 | 29475 | 29394 | 29281 | 29566 | 29654 | 29785 | 29945 | 29511 | |
| 11:00:35PM | JAPAN | 65080 |
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:AAL Anglo American** **LSE:GLEN Glencore Xstra** **LSE:RKH Rockhopper** **LSE:SAGA SAGA Plc** **LSE:SDY Speedyhire** **LSE:STAN Standard Chartered** **LSE:TERN Tern Plc** **LSE:VOD Vodafone** **
********
Updated charts published on : Anglo American, Glencore Xstra, Rockhopper, SAGA Plc, Speedyhire, Standard Chartered, Tern Plc, Vodafone,
LSE:AAL Anglo American. Close Mid-Price: 4306 Percentage Change: + 0.00% Day High: 4348 Day Low: 4155
The next task for Anglo American is to get the price above 4348 (not with ……..
</p
View Previous Anglo American & Big Picture ***
LSE:GLEN Glencore Xstra. Close Mid-Price: 629 Percentage Change: + 0.00% Day High: 630.6 Day Low: 605.2
Target met. Simply managing to get the share price above 630.6 is the nex ……..
</p
View Previous Glencore Xstra & Big Picture ***
LSE:RKH Rockhopper. Close Mid-Price: 68.3 Percentage Change: + 0.00% Day High: 72 Day Low: 66.6
If the share price of Rockhopper manages to move BELOW 66.6, initial DOWN ……..
</p
View Previous Rockhopper & Big Picture ***
LSE:SAGA SAGA Plc. Close Mid-Price: 624 Percentage Change: + 0.00% Day High: 625 Day Low: 611
If SAGA Plc intends to relax, the price needs to get below 611p (but igno ……..
</p
View Previous SAGA Plc & Big Picture ***
LSE:SDY Speedyhire. Close Mid-Price: 16.26 Percentage Change: + 0.00% Day High: 16.9 Day Low: 16.12
Target met. Managing to get the share price BELOW 16.12 is the next probl ……..
</p
View Previous Speedyhire & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 2292 Percentage Change: + 0.00% Day High: 2293 Day Low: 2242
Target met. If the price of Standard Chartered manages to move ABOVE 2293 ……..
</p
View Previous Standard Chartered & Big Picture ***
LSE:TERN Tern Plc. Close Mid-Price: 1 Percentage Change: + 0.00% Day High: 1.103 Day Low: 0.895
Target met. In the event of TERN share price managing to break below 0.89 ……..
</p
View Previous Tern Plc & Big Picture ***
LSE:VOD Vodafone. Close Mid-Price: 128.25 Percentage Change: + 0.00% Day High: 128.35 Day Low: 124.9
Simply managing to get the share price above 128.35 is the next hurdle fo ……..
</p
View Previous Vodafone & Big Picture ***
*** End of “Updated Today” comments on shares. Listed below are those where commentary remains valid.
Click Epic to jump to share:LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BLOE Block Energy PLC** **LSE:BME B & M** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GRG Greggs** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:MRO Melrose** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:ONT Oxford Nanopore Tech** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:PMG Parkmead** **LSE:QED Quadrise** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SFOR S4 Capital** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SPX Spirax** **LSE:SRP Serco** **LSE:STAR Star Energy** **LSE:TLW Tullow** **LSE:TRN The Trainline** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:ZOO Zoo Digital** **
********
Many thanks for taking the time to read this and good luck for today. Please feel free to mention us after something goes right!
Risk Warning & Notice to Investors
Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Trends and Targets Ltd, Shareprice, or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.