Royal Bank of Scotland Group (The) (RBS)

 

Trends and Targets for 9/02/2018

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FTSE FOR FRIDAY (FTSE:UKX) It's rare for us to approach the weekend with a "thank goodness it's over" but the last week has been rather foul. We love market volatility as it makes life bearable but the FTSE has shown more movement in the last 3 weeks than it did all last year!

Making the mental switch from Cruise Control to Race Track performance has not been straightforward and oddly, even the market itself appears to tie itself in knots of confusion. Our usual rule of thumb, movements over 50% strength to initial targets, used to be an utterly reliable direction indicator. For the present, it's not. The other day, when the FTSE exceeded 7,305 points, this was supposed to herald a surprise market recovery, one which was noticeably absent. Instead, the market has ticked the last box for travel down to the 6800 level we mentioned at the start of this week.

Are we convinced?

Nope. Or not entirely. But the immediate situation isn't great. The FTSE closed at 7162 points, creating the situation where the market needs below 7160 near term (remember, we are talking about the FTSE, not after hours futures) to point at near term reversal toward 7117 points. Secondary, if broken, is a little scary at 7063 points, though, to be honest, it could easily continue down to the 7,000 level.

Do remember, a nice solid sounding number like 7,000 provides absolutely no certainty of a bounce. We'd imagine a lot of folks took a long position on Wall St when it hit 24,000 points on Thursday. Most of 'em are now "walking funny".

For the FTSE to makes us consider the possibility of a miracle recovery, near term above 7204 certainly betters the painfully obvious immediate downtrend, opening the door for some growth toward 7244 points initially with secondary, if bettered, a less likely 7288.

Have a good weekend, you probably deserve it!

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

Dn

10:38:07PM

BRENT

64.17

64.02

63.39

62.03

65.6

65.6

66.055

66.74

64.54

'cess

Dn

10:42:05PM

US CRUD

60.3

               

Success

--

10:44:50PM

GOLD

1319.14

               

'cess

UP

10:48:40PM

FTSE

7142.3

               

Success

--

10:55:00PM

FRANCE

5101

               

Success

--

11:00:26PM

GERMANY

12235

12133

12031

11972

12240

12288

12352

12425

12177

Success

--

11:03:35PM

US500

2599.42

               

Success

UP

11:07:46PM

DOW

24045

               

Success

--

11:10:07PM

JAPAN

21172

               

Success

 

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:ASC Asos** **LSE:BBY BALFOUR BEATTY** **LSE:BT.A British Telecom** **LSE:FRES Fresnillo** **LSE:IAG British Airways** **LSE:KAZ Kaz Minerals** **LSE:POLY Polymetal** **LSE:RBS Royal Bank Scot** **LSE:SCLP Scancell** **LSE:TLW Tullow** **LSE:VED Vedanta** **

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Updated charts published on : Asos, BALFOUR BEATTY, British Telecom, Fresnillo, British Airways, Kaz Minerals, Polymetal, Royal Bank Scot, Scancell, Tullow, Vedanta,


LSE:ASC Asos Close Mid-Price: 6780 Percentage Change: -5.31% Day High: 7184 Day Low: 6758

This has gotten a little nasty as weakness below 6758 points at 6543 initi ........

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View Previous Asos & Big Picture ***


LSE:BBY BALFOUR BEATTY Close Mid-Price: 269.1 Percentage Change: -0.19% Day High: 284.8 Day Low: 268.3

This made a curious movement which allegedly implies moves above 285 shoul ........

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View Previous BALFOUR BEATTY & Big Picture ***


LSE:BT.A British Telecom Close Mid-Price: 235.5 Percentage Change: -2.40% Day High: 239.2 Day Low: 235.15

Target Met. Weakness now below 235 points at 225 next with secondary, when ........

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View Previous British Telecom & Big Picture ***


LSE:FRES Fresnillo Close Mid-Price: 1232 Percentage Change: -1.40% Day High: 1243.5 Day Low: 1213

Below 1213 remains pointing downward at 1185 with some bounce potentials w ........

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View Previous Fresnillo & Big Picture ***


LSE:IAG British Airways Close Mid-Price: 596.6 Percentage Change: -3.96% Day High: 616.4 Day Low: 595.4

Weakness below 595 still suggests a dip to 575 next with secondary 537p. ........

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View Previous British Airways & Big Picture ***


LSE:KAZ Kaz Minerals Close Mid-Price: 760 Percentage Change: -3.50% Day High: 795.6 Day Low: 754.6

Continued leakage below 754 now signals 715 next with secondary, if broken ........

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View Previous Kaz Minerals & Big Picture ***


LSE:POLY Polymetal Close Mid-Price: 754.2 Percentage Change: -0.48% Day High: 775.6 Day Low: 729.6

Target Met. Or close enough. The danger now is of weakness below 725 bring ........

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View Previous Polymetal & Big Picture ***


LSE:RBSLSE:RBS Royal Bank Scot. Close Mid-Price: 283.6 Percentage Change: + 1.03% Day High: 288.3 Day Low: 276.5

Movements on this are almost wilfully stupid! Now below 283 and some trave ........

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View Previous Royal Bank Scot & Big Picture ***


LSE:SCLPLSE:SCLP Scancell. Close Mid-Price: 12.25 Percentage Change: + 18.36% Day High: 12.25 Day Low: 10.35

This seems to be doing its own thing as now above 12.25 signals coming mov ........

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View Previous Scancell & Big Picture ***


LSE:TLW Tullow Close Mid-Price: 181.05 Percentage Change: -2.66% Day High: 187 Day Low: 179.6

Now below 179 and travel downhill toward an initial 173 looks viable and w ........

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View Previous Tullow & Big Picture ***


LSE:VED Vedanta Close Mid-Price: 727.6 Percentage Change: -4.26% Day High: 760.2 Day Low: 715.8

This appears to have leapt onto the drop bandwagon as weakness below 715 e ........

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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:AFC AFC Energy** **LSE:AGM Applied Graph.** **LSE:AMER Amerisur** **LSE:AV. Aviva** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:BPC Bahamas Pet** **LSE:CAR Carclo** **LSE:CASP Caspian** **LSE:CBUY Cloudbuy** **LSE:CEY Centamin** **LSE:DGE Diageo** **LSE:EME Empyrean** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:HUR Hurrican 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: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:POL Polo Resources** **LSE:PPC President Energy** **LSE:QFI Quadrise** **LSE:RED REDT** **LSE:RKH Rockhopper** **LSE:RMG Royal Male** **LSE:RR. Rolls Royce** **LSE:RTHM Rythm One** **LSE:SBRY Sainsbury** **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:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:UKOG UK Oils and Gas** **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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