Trends and Targets for 6/10/2017

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FTSE FOR FRIDAY (FTSE:UKX) Our "strong and stable" leader' repeated attempts to weaken Sterling appear to be finally bearing fruit, though it did take multiple speeches to undermine the BoE's outlook. Thankfully, she has yet to turn her magic against the FTSE and it remains looking like it wishes to go up. For a while, Sterling was looking stronger than the Euro (GBPEUR) but we now suspect it intends bounce around 1.1111 anytime soon.

 

As for the FTSE, the index has experienced a pretty useful start to the month, permitting untold optimism for the future. The small spanner in the works appears to be the immediate BLUE downtrend since June and visually the FTSE closed against the BLUE line. Thankfully, the visual impression is a few points away from being correct. The downtrend is at 7512 points, the market closed the session at the day high of 7508 points. Perhaps there is sufficient wiggle room not to shout about an immediate recoil being due.

Near term,  above 7512 points enters a cycle toward 7561 points initially, perhaps even 7585 if bettered. Unfortunately, for those fond of drawing lines, the closest stop appears to be 7350 points which is a bit rotten. If we through some guesswork at the problem, perhaps 7455 will suffice as a stop level.

 

What happens if 7350 breaks?

In such an instance, we are looking for near term weakness toward 7289 initially. Secondary comes along at 7215 points. If triggered, the tightest stop looks like 7380 points.

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

9:37:31PM

BRENT

56.9

               

9:40:25PM

US CRUD

50.9

               

9:43:36PM

GOLD

1268.13

               

'cess

9:47:15PM

FTSE

7512

               

9:50:40PM

FRANCE

5383

5365

5362.5

5355

5370

5386

5389

5404

5370

Success

10:00:26PM

GERMANY

12980

               

10:00:26PM

GERMANY.

Struggling

above 13102

10:04:56PM

US500

2550.5

2542

2538

2533.1

2545

2552.9

2556

2565

2542

Success

10:10:21PM

DOW

22783

               

Success

10:10:21PM

DOW.

Struggling

above 22838

10:13:34PM

JAPAN

20696

               

'cess

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:AFC AFC Energy** **LSE:AGM Applied Graph.** **LSE:AV. Aviva** **LSE:BDEV Barrett Devs** **LSE:BP. BP PLC** **LSE:GLEN Glencore Xstra** **LSE:IHG Intercontinental Hotels Group** **LSE:IQE IQE** **LSE:ITV ITV** **LSE:KAZ Kaz Minerals** **LSE:POL Polo Resources** **LSE:POLY Polymetal** **LSE:RBS Royal Bank Scot** **LSE:RTHM Rythm One** **LSE:UKOG UK Oils and Gas** **LSE:VED Vedanta** **

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Updated charts published on : AFC Energy, Applied Graph., Aviva, Barrett Devs, BP PLC, Glencore Xstra, Intercontinental Hotels Group, IQE, ITV, Kaz Minerals, Polo Resources, Polymetal, Royal Bank Scot, Rythm One, UK Oils and Gas, Vedanta,


LSE:AFCLSE:AFC AFC Energy. Close Mid-Price: 17.62 Percentage Change: + 29.36% Day High: 18.5 Day Low: 14.5

Target Met. This has been an exercise in patience. Now above 19p and 21.75 ........

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View Previous AFC Energy & Big Picture ***


LSE:AGM Applied Graph. Close Mid-Price: 71.5 Percentage Change: -16.86% Day High: 86 Day Low: 70

Target Met. Now below 70p and we're still looking for a significant bounce ........

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View Previous Applied Graph. & Big Picture ***


LSE:AV. Aviva Close Mid-Price: 490.3 Percentage Change: -1.72% Day High: 493.7 Day Low: 489.2

This has been forced below its long term downtrend and now, below 489 poin ........

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View Previous Aviva & Big Picture ***


LSE:BDEVLSE:BDEV Barrett Devs. Close Mid-Price: 646.5 Percentage Change: + 0.94% Day High: 646.5 Day Low: 636.5

Movement up above 647 remains showing 651p next with secondary, if bettere ........

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View Previous Barrett Devs & Big Picture ***


LSE:BP.LSE:BP. BP PLC. Close Mid-Price: 490.4 Percentage Change: + 0.96% Day High: 490.4 Day Low: 484.85

Now above 491p and 499 looks viable with secondary a pretty solid 520p. It ........

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View Previous BP PLC & Big Picture ***


LSE:GLENLSE:GLEN Glencore Xstra. Close Mid-Price: 370.3 Percentage Change: + 3.03% Day High: 369.9 Day Low: 359.95

Target Met. Above 370 looks like experiencing a stumble at 372.5 but oddly ........

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View Previous Glencore Xstra & Big Picture ***


LSE:IHGLSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4044 Percentage Change: + 0.85% Day High: 4049 Day Low: 3993

Moves now above 4050 point at 4084 next with secondary, if bettered, at 42 ........

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View Previous Intercontinental Hotels Group & Big Picture ***


LSE:IQE IQE Close Mid-Price: 129 Percentage Change: -0.77% Day High: 136.25 Day Low: 127.5

Above 136 permits 138 initially with secondary, if bettered, at 148p.

Th ........

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View Previous IQE & Big Picture ***


LSE:ITVLSE:ITV ITV. Close Mid-Price: 178.7 Percentage Change: + 1.13% Day High: 179.2 Day Low: 174.7

Above 180 signals 188 with secondary now at 200. Given the share has now c ........

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View Previous ITV & Big Picture ***


LSE:KAZLSE:KAZ Kaz Minerals. Close Mid-Price: 856.5 Percentage Change: + 4.20% Day High: 863.5 Day Low: 821.5

Above 864 enters a cycle toward 880p next with secondary, if bettered, at ........

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View Previous Kaz Minerals & Big Picture ***


LSE:POLLSE:POL Polo Resources. Close Mid-Price: 4 Percentage Change: + 0.00% Day High: 4.49 Day Low: 4

Near term, up above 4.5 signals 4.75 next with secondary 5.5p. We're fair ........

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View Previous Polo Resources & Big Picture ***


LSE:POLYLSE:POLY Polymetal. Close Mid-Price: 874.5 Percentage Change: + 1.98% Day High: 877 Day Low: 850

This appears to be experiencing a change of mood as now, above 877p and a ........

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View Previous Polymetal & Big Picture ***


LSE:RBSLSE:RBS Royal Bank Scot. Close Mid-Price: 274.2 Downtrend now: 288.969 Uptrend now: 0 Percentage Change: + 1.07% Day High: 276.1 Day Low: 272.1

Moves above 276.1 now point at an initial 277.45 with secondary, if better ........

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View Previous Royal Bank Scot & Big Picture ***


LSE:RTHM Rythm One Close Mid-Price: 304 Percentage Change: -0.08% Day High: 321.5 Day Low: 290.75

This has almost made a lemming movement. Below 290 and yes, it's going to ........

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View Previous Rythm One & Big Picture ***


LSE:UKOG UK Oils and Gas Close Mid-Price: 7.2 Percentage Change: -1.37% Day High: 7.28 Day Low: 7.1

Target met or near enough. If this would manage above 7.9p, we'll take any ........

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View Previous UK Oils and Gas & Big Picture ***


LSE:VEDLSE:VED Vedanta. Close Mid-Price: 909.5 Percentage Change: + 1.51% Day High: 914.5 Day Low: 891.5

Exceeding 915p should continue a cycle to 956 initially with secondary now ........

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View Previous Vedanta & Big Picture ***


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

Click Epic to jump to share:LSE:AMER Amerisur** **LSE:ASC Asos** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BLVN Bowleven** **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:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IEH Intelligent energy** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:IPF International Personal Finance** **LSE:LLOY Lloyds Grp.** **LSE:LMI LonMin** **LSE:MKS Marks and Spencer** **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:PPC President Energy** **LSE:QFI Quadrise** **LSE:RED REDT** **LSE:RKH Rockhopper** **LSE:RMG Royal Male** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SGP Supergroup** **LSE:SHP Shire** **LSE:STAN Standard Chartered** **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: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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