Trends and Targets for 10/07/2017

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FTSE this week (FTSE:UKX) This FTSE situation remains of below 7300 providing concerns, along with a slip down toward 7159 points where some sort of bounce is expected. Perhaps any drop will arrest at 7269 points but we're not intending hold our breath. Our problem comes with repeated "dares" against the uptrend for 2017 showing how fragile this uptrend risks being. Hopefully the UK PM keeps quiet for a while. Or longer.

The immediate downtrend on the FTSE is at 7362 points, visually not a terribly difficult barrier to exceed which will tend suggest any bounce from RED - the uptrend - is genuine. Moves above 7362 are supposed to generate 7405 points initially and if this point is actually bettered, it sends a subliminal message that "bottom is in - for now" and continued growth toward 7470 can be hoped.

Visually, this is not the most attractive of suggestions as all it suggests is a bonk against the market downtrend since start of June and we'd really need the index to close above this line before waxing lyrical about 7589 somewhere in the distance!

For now, if taking a long position and waiting, it seems a stop loss can be established at 7300 - or slightly less. Alternately, if playing with short positions, it seems 7387 as about as tight as can be dared!

As for market direction, we rather suspect it shall move up with continued attempts to avoid RED. But visually, it appears the index risks bonking around between the upper BLUE & RED for a while.

 

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


2:47:25PM

BRENT

46.86

46.3

45.91

45.13

48.3

49.3

49.7825

50.28

47.52

Success


2:50:00PM

GBPUSD /100

128.87

               

'cess


2:52:56PM

GOLD

1213.69

               

Shambles

Success


2:54:43PM

FTSE

7369.89

               

2:56:49PM

FRANCE

5154

               

2:58:43PM

GERMANY

12428

12336

12315.5

12278

12388

12428

12440

12482

12396

'cess


3:00:38PM

US500

2425

               

Success


3:04:21PM

DOW

21419

               

3:06:47PM

JAPAN

20047

               

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 [email protected] 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:BDEV Barrett Devs** **LSE:EZJ EasyJet** **LSE:FRES Fresnillo** **LSE:GKP Gulf Keystone** **LSE:HIK Hikma** **LSE:HUR Hurrican Energy** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:STAN Standard Chartered** **

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Updated charts published on : Barrett Devs, EasyJet, Fresnillo, Gulf Keystone, Hikma, Hurrican Energy, Rolls Royce, Sainsbury, Standard Chartered,


LSE:BDEV Barrett Devs Close Mid-Price: 589.5 Percentage Change: -0.42% Day High: 596 Day Low: 588.5

Above 596 remains pointing at 600 / 701p. Critically, the price has closed ........

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View Previous Barrett Devs & Big Picture ***


LSE:EZJLSE:EZJ EasyJet. Close Mid-Price: 1419 Percentage Change: + 5.35% Day High: 1421 Day Low: 1368

Anything near term above 1421should apparently continue to 1436 with secon ........

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View Previous EasyJet & Big Picture ***


LSE:FRES Fresnillo Close Mid-Price: 1420 Percentage Change: -1.11% Day High: 1443 Day Low: 1409

Below 1409 suggests 1396 next with secondary a very possible 1332p.

The ........

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View Previous Fresnillo & Big Picture ***


LSE:GKP Gulf Keystone Close Mid-Price: 95 Percentage Change: -3.31% Day High: 98.25 Day Low: 94

Target Met. One wondows, is GKP the next PPI headline scandal? Below 94p s ........

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View Previous Gulf Keystone & Big Picture ***


LSE:HIKLSE:HIK Hikma. Close Mid-Price: 1427 Percentage Change: + 1.49% Day High: 1431 Day Low: 1377

Below 1377 points at 1271 and ideally a bounce. Moves below allow a dreadf ........

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View Previous Hikma & Big Picture ***


LSE:HUR Hurrican Energy Close Mid-Price: 30.25 Percentage Change: -5.47% Day High: 31.5 Day Low: 30

Below 30 signals 29.5p again. With secondary now 24 if broken.

It now n ........

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View Previous Hurrican Energy & Big Picture ***


LSE:RR.LSE:RR. Rolls Royce. Close Mid-Price: 936.5 Percentage Change: + 2.29% Day High: 936 Day Low: 915

Moves continuing ^up above 939 suggest 950 initially with secondary a long ........

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View Previous Rolls Royce & Big Picture ***


LSE:SBRY Sainsbury Close Mid-Price: 246.4 Percentage Change: -0.73% Day High: 248.2 Day Low: 243.9

Further wibbles below 243 still point at 240 and a slight bounce potential ........

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View Previous Sainsbury & Big Picture ***


LSE:STANLSE:STAN Standard Chartered. Close Mid-Price: 802.8 Percentage Change: + 1.13% Day High: 810.3 Day Low: 789.8

Target Met. Further growth above 811 suggests moves toward 835 next with s ........

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View Previous Standard Chartered & Big Picture ***


*** End of "Updated Today" comments on shares. Listed below are those where commentary remains valid.

Click Epic to jump to share:LSE:AFC AFC Energy** **LSE:AGM Applied Graph.** **LSE:AMER Amerisur** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:BPC Bahamas Pet** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CASP Caspian** **LSE:CBUY Cloudbuy** **LSE:CEY Centamin** **LSE:CLLN CARILLION PLC** **LSE:DGE Diageo** **LSE:EME Empyrean** **LSE:EMG MAN** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:GENL Genel** **LSE:GLEN Glencore Xstra** **LSE:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IEH Intelligent energy** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:IPF International Personal Finance** **LSE:IQE IQE** **LSE:ITV ITV** **LSE:KAZ Kaz Minerals** **LSE:LLOY Lloyds Grp.** **LSE:LMI LonMin** **LSE:MKS Marks and Spencer** **LSE:MONI Monitise** **LSE:MOS Mobile Streams** **LSE:NG. National Glug** **LSE:NIPT Premaltha** **LSE:OPG OPG Power Ventures** **LSE:OXIG Oxford Instruments** **LSE:PMG Parkmead** **LSE:PMO Premier** **LSE:POG Petrop etc** **LSE:POL Polo Resources** **LSE:POLY Polymetal** **LSE:PPC President Energy** **LSE:QFI Quadrise** **LSE:RBS Royal Bank Scot** **LSE:RED REDT** **LSE:RKH Rockhopper** **LSE:RMG Royal Male** **LSE:RTHM Rythm One** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SGP Supergroup** **LSE:SHP Shire** **LSE:SL. Standard Life** **LSE:SUMM Summit** **LSE:SXX Sirius Mins** **LSE:TAN Tanfield** **LSE:TCG Thomas Cook Group** **LSE:TLW Tullow** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:VEC Vectura** **LSE:VED Vedanta** **LSE:VOD Vodafone** **LSE:VOG VICTORIA** **LSE:WTG Watchstone** **LSE:ZOL Zoldav** **

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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.

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