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  • 3d
    Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
    Note these levels are for September '17 Futures.
    Norberto Norberto
    OK Clive thank you
  • Squawk / Friday at 6:07 GMT
    Technical Analyst / PIA-First
    United Kingdom
    Direct Line Group continues to trade within a medium term downtrend. In the last couple of sessions we have seen a rejection at the medium term trend resistance line and also the top of a range that has developed over the past few months.

    This rejection is likely to trigger a move to the lower end of the channel at 332p.

    332p is a huge support level that has held since July 2015. If this breaks to the downside, then I would expect to see a sharp move lower as large top pattern completes.

    The shares rank towards the bottom of my fundamental model, scoring poorly on growth and profitability metrics.

    My trade today is to sell on the open.
    Target 1 is for a move to the bottom of the range at 332p, then if this breaks look for a move towards 245p over the medium term.

    Stop loss on the trade is at 374p
    Read the Squawk
  • Squawk / Thursday at 6:07 GMT
    Technical Analyst / PIA-First
    United Kingdom
    Royal Mail Group (RMG:xlon) has rallied into multiple resistance levels and appears to be rolling over to the downside.

    The shares have formed a range pattern on the daily chart and are now trading at the upper end of this pattern.

    With the medium term trend remaining firmly bearish, we look to use this as an opportunity to sell.

    The shares do rank above average in our fundamental model, scoring particularly well on value and momentum metrics.

    I believe from a price perspective that the shares are at a good level to sell.

    Our trade today is to sell at the open

    Stop loss at 452p
    Target at 400p
    Read the Squawk
  • Squawk / Wednesday at 6:42 GMT
    Technical Analyst / PIA-First
    United Kingdom
    European markets are set to open weaker this morning and were dragged lower yesterday by weaker oil prices.

    BP has been trading in a neat range for the past few weeks and we saw a firm rejection at the upper end of this range yesterday.

    I now expect to see a move towards the lower end of this channel and potentially a break lower.

    The lower end of the range comes in at 440p, if this breaks then the implied target on the downside is 403p.

    The shares have been downgraded this morning by Macquarie Bank to 'Underperform' from 'Neutral'

    BP also score very poorly in my fundamental ranking model.

    Trade today is to sell at market, initially targeting 440p, then a move lower to 403p.

    Stop loss at 477p
    Read the Squawk
    Liam Conroy Liam Conroy
    what time horizon joe?
    Joe Neighbour Joe Neighbour
    Morning Liam,
    I would say 1-3 weeks.
    Joe Neighbour Joe Neighbour
    BP making new lows on a relative basis versus the FTSE100 at the moment.
    Key support is 440p.
    Bring stop down to 470p from 477p
  • Squawk / 19 June 2017 at 7:15 GMT
    Technical Analyst / PIA-First
    United Kingdom
    Buying Unilever

    ULVR:xlon continues to push higher and is trending higher over multiple time frames

    The shares underwent a mild correction but now appear ready to kick on from here having completed a bullish flag.

    The hammer candle posted on Friday is positive for short term sentiment and suggest a move to new highs should be seen.

    Unilever is typically seen as defensive share and due to the recent increase in volatility we expect to see more demand for these types of company.

    The shares score very well in our fundamental model, scoring particularly well on quality and profitability metrics.

    Buy at market

    Stop at 4175p

    Target at 4750p
    Read the Squawk
    19 June
    benlouro benlouro
    agree. I have a long time positive view on UNILEVER