#Brent #Dax With shares, it’s all a matter of where you’re standing! If you’d bought Barclays back in 2013, when the share price was at 300p and the media full of promise for the future, you’re probably a little jaded at the journey you’ve been on, especially as the share is currently 174.5p. Alternately, had you bought the share a year ago, you’d be rather chuffed, the price rising by a solid 74.5% in the interim.
Alas, we should all take a moment for the folk who bought in 2007 and that day in February the share price nearly hit 800p. It’s always said trading shares is a long game but everyone envies those who opted to buy Barclays at 100p, exactly a year ago.
Things are starting to look promising, finally, for this share price. We’ve made a fair bit of noise about the 190p level looking crucially important for the longer term. Finally, it appears to be the case some hope is justified for this irritating level to experience a movement attempt. Above just 179p looks capable of an initial 192p with secondary, if exceeded, at 199p. Both ambitions should provide a reasonable chance for Barclays to finally close a session above the critical 190p level, hopefully opening the gates to some proper longer term recovery.
Once the share finds sufficient excuse to close above the 190p level, we regard 240p as exerting a pretty significant influence for the future.
We were fairly relieved the recent reversal failed to make it all the way down to our secondary 149p, instead opting to bounce at 156p. Perhaps this implies some strength in the way the market is viewing Barclays. It’s now the case below 161 threatens an initial 143 with secondary, if broken, at a bottom of 128p. Visually this appears unlikely.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 3:17:56PM | BRENT | 75.17 | 74.36 | 73.94 | 73.37 | 75.3 | 75.4 | 75.74 | 76.3 | 74.7 | ‘cess |
| 3:21:01PM | GOLD | 1814.34 | Success | ||||||||
| 10:26:49PM | FTSE | 7038.72 | ‘cess | ||||||||
| 10:31:27PM | FRANCE | 6618 | ‘cess | ||||||||
| 10:33:58PM | GERMANY | 15570 | 15528 | 15494 | 15455 | 15567 | 15611 | 15653 | 15726 | 15532 | Success |
| 10:44:53PM | US500 | 4397 | ‘cess | ||||||||
| 10:47:27PM | DOW | 34944 | |||||||||
| 10:49:50PM | NASDAQ | 14966 | |||||||||
| 10:51:42PM | JAPAN | 27492 | Success |
30/07/2021 FTSE Closed at 7032 points. Change of -0.65%. Total value traded through LSE was: £ 5,206,905,420 a change of -14.32%
29/07/2021 FTSE Closed at 7078 points. Change of 0.88%. Total value traded through LSE was: £ 6,077,251,516 a change of 24.02%
28/07/2021 FTSE Closed at 7016 points. Change of 0.29%. Total value traded through LSE was: £ 4,900,403,964 a change of 0.43%
27/07/2021 FTSE Closed at 6996 points. Change of -0.41%. Total value traded through LSE was: £ 4,879,437,530 a change of 9.03%
26/07/2021 FTSE Closed at 7025 points. Change of -0.03%. Total value traded through LSE was: £ 4,475,417,848 a change of 19.69%
23/07/2021 FTSE Closed at 7027 points. Change of 0.85%. Total value traded through LSE was: £ 3,739,108,834 a change of -21.27%
22/07/2021 FTSE Closed at 6968 points. Change of -0.43%. Total value traded through LSE was: £ 4,748,992,590 a change of -28.77%
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 info@trendsandtargets.com. 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:CEG Challenger Energy (aka Bahamas Pet)** **LSE:CNA Centrica** **LSE:EXPN Experian** **LSE:IPF International Personal Finance** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:RMG Royal Mail** **
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Updated charts published on : Challenger Energy (aka Bahamas Pet), Centrica, Experian, International Personal Finance, Intertek, ITV, Royal Mail,
LSE:CEG Challenger Energy (aka Bahamas Pet). Close Mid-Price: 1.85 Percentage Change: + 2.78% Day High: 1.9 Day Low: 1.85
In the event Challenger Energy (aka Bahamas Pet) experiences weakness bel ……..
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LSE:CNA Centrica Close Mid-Price: 45.47 Percentage Change: -2.17% Day High: 46.91 Day Low: 45.21
Continued weakness against CNA taking the price below 45.21 calculates as ……..
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LSE:EXPN Experian Close Mid-Price: 3168 Percentage Change: -0.06% Day High: 3185 Day Low: 3123
All Experian needs are mid-price trades ABOVE 3185 to improve acceleratio ……..
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View Previous Experian & Big Picture ***
LSE:IPF International Personal Finance. Close Mid-Price: 149.2 Percentage Change: + 5.22% Day High: 149 Day Low: 138.6
Continued trades against IPF with a mid-price ABOVE 149 should improve th ……..
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View Previous International Personal Finance & Big Picture ***
LSE:ITRK Intertek Close Mid-Price: 5156 Percentage Change: -7.99% Day High: 5262 Day Low: 5024
If Intertek experiences continued weakness below 5024, it will invariably ……..
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View Previous Intertek & Big Picture ***
LSE:ITV ITV Close Mid-Price: 112.2 Percentage Change: -1.71% Day High: 114.2 Day Low: 111.1
Weakness on ITV below 111.1 will invariably lead to 104 with secondary, i ……..
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View Previous ITV & Big Picture ***
LSE:RMG Royal Mail Close Mid-Price: 504.2 Percentage Change: -0.75% Day High: 508.4 Day Low: 497.4
If Royal Mail experiences continued weakness below 497.4, it will invaria ……..
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View Previous Royal Mail & Big Picture ***