Hello traders!

Hope you all have a good holiday weekend.

Supermum is spending a couple of weeks applying her charting techniques to the
tables in Las Vegas, but hopefully will be back richer and wiser very soon.

Thanks as always to Kyoto and Digger for their great input to the daily threads.

See you Tuesday with the latest....

G.

Last Friday "Keep an Eye" is now "UPS" for this week "UPS" (Added by Master RSI on Sun 25 May 06:24 pm)Analysis selection

LONR price 29p

Volume building up last Friday as seller that brought the price down recently has disappeared

Share price finished with a candlestick "hammer" very bullish reversal from a downtrend, Indicator Stochastic is usually the first to bounce is at bottom oversold

CEO Lenigas has promises to deliver and during this month has announced multiple deals ( six during May ) has been rising 24.5M early on the year in as placing @ 43p

Has five main divisions - transport, hotels, support services, infrastructure/construction and mining on Africa's high growth economies, where there is economic potential on grand stile

LONR

BULLISH HAMMER
Type: Reversal
Relevance: Bullish
Prior Trend: Bearish

Confirmation: Definitely required

Definition:
The Bullish Hammer Pattern is a significant candlestick that occurs at the bottom of a trend or during a downtrend and it is called a hammer since it is hammering out a bottom. The Bullish Hammer Pattern is a single candlestick pattern and it has a strong similarity to the Bullish Dragonfly Doji Pattern. In the case of Bullish Dragonfly Doji Pattern, the opening and closing prices are identical whereas the Bullish Hammer Pattern has a small real body at the upper end of the trading range.

Recognition Criteria:
1. The market is characterized by a prevailing downtrend.
2. Then we see a small real body at the upper end of the trading range. Color of this body is not important.
3. We would like to see the lower shadow at least twice as long as the real body.
4. There is no (or almost no) upper shadow.

   

Good morning traders!

In Asia today, the Hang Seng ended the morning up 147.31 points at 24,274.62,
while the Nikkei was recently up 103.15 points at 13,793.34.

New York's main oil futures contract, light sweet crude for July delivery, climbed 81
cents to $133.00 per barrel.

Happy trading!

G.

Morning all. Friday's market reports:

Telegraph
The Times
The Times (Need to know)
FT
The Guardian
The Independent
This is Money

Sunday

The International Energy Agency has ordered an inquiry into whether the world could run out of oil, The Observer has learnt. It will consider whether fears about global shortages are real.
IEA probes fears that oil will run out

The Iraq War means oil costs three times more than it should, says a leading expert. How are our lives going to change as we struggle to cope with the $200 barrel?
Oil: A global crisis

Just as they thought the worst was over, Wall Street's biggest investment banks are facing further losses of billions of dollars as new fears linked to the credit crunch emerge.
Wall Street tangled up in hedges

The amount of cash set to be raised through rights issues in Europe over the next few months marks a new trend.
The 50bn capital injection for business as cheap debt dries up

ECONOMISTS still expect further interest-rate cuts before the year-end in spite of sharply rising inflation and a warning from the International Monetary Fund this weekend that there is no scope to relax monetary policy in the short term.
Analysts predict Bank rate will be cut to 4.5%

Monday

Speculators are largely responsible for driving crude prices to their peaks in recent weeks and the record oil price now looks like a bubble, George Soros has warned. However, Mr Soros warned that the oil bubble would not burst until both the US and Britain were in recession, after which prices could fall dramatically.
George Soros: rocketing oil price is a bubble

This is a period of wealth destruction. The people who make money will be few and far between. There will be a lot more money lost than made." When George Soros - the phenomenally successful hedge fund manager - says this, you know something is wrong, very wrong.
George Soros: 'We face the most serious recession of our lifetime'

The perfect storm that has swept oil prices to $132 a barrel may subside over the coming months as rising crude supply from unexpected corners of the world finally comes on stream, just as the global economic downturn begins to bite.
Oil's perfect storm may blow over

House prices are stuck in decline, with values slipping around the country for the eighth month in a row, according to the latest figures.
Nervous buyers hold back as house prices fall again

Tuesday

UBS is expecting more losses from its property exposure as the banks troubles widen beyond the United States to mortgage business in other countries.
UBS seeks SwFr16 billion amid fears of further losses

Arun Sarin, the chief executive of Vodafone, will stun the City today by announcing he is to step down from the helm of the mobile phone group, The Daily Telegraph can reveal.
Vodafone's Arun Sarin to stun City with early departure

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

09:30 UK BBA House Purchase Loans April
14:00 US Home Price Index
15:00 US Consumer Confidence May (consensus 60)
15:00 US New Home Sales April (consensus 520K, MoM consensus -1.1%)
22:00 US ABC Consumer Confidence (consensus -49)

London Capital Group Holdings plc ('LCG' or 'the Group') - Acquisition of FuturesBetting.com Limited ('FuturesBetting.com')

BROKERWATCH GlaxoSmithKline cut to 'underweight' at Morgan StanleyBROKERWATCH Diageo upped to 'buy' from 'hold' at ING; target 1,180p from 1,150BROKERWATCH SBM Offshore upped to 'buy' vs 'hold' at ING; target 30 euros vs 22The Tuesday Press Roundup

Thomson Financial UK at a glance share guide

Tokyo shares close higher after sharp declines, Nikkei regains 200 points

Australian shares close slightly higher after lackluster trading

BROKERWATCH Mondi, DS Smith upped to 'buy' at Goldman Sachs in paper reviewUK smallcap opening - SMC up on robust trading

UK smallcap opening - Empyrean Energy higher on encouraging updateTokyo shares close higher, Nikkei regains 200 points - UPDATE

STOCKWATCH Vodafone Group up as results beat expectations; Merrill Lynch 'buy'London shares open higher after gains in Asia; Vodafone up post FY

UK smallcap opening - Upstream marketing edges up as FY losses narrowAustralian shares close slightly higher after lackluster trading - UPDATE

UK smallcap opening - Freeplay Energy lifted by disposal news

UK smallcap opening - Moss Bros fall as Baugur withdraws preliminary offer