Trends and Targets for 11/12/2018

Barclays #Gold #Nasdaq News an incompetent UK Govt has (again) delayed the end of the world was quite a relief. Few things are more irritating than the world ending just before Xmas! Equally, for #Barclays, their share price has not yet encroached on the danger zone and just moved inexorably closer.

 

All three retail banks have RED uptrend lines which stretch back to their lowest price. Only Lloyds commenced trading below RED, something which accounts for the banks tendency to produce overdramatic movements. RBS, quite amazingly, are a country mile away from their RED line of doom and Barclays share price requires to close a session below 145.383p (at time of writing) to confirm a drop into the abyss. On Monday, the share closed the session at 153.36p.

We’ve ample reason to be nervous about Barclays. At present, “normal” rules suggest it’s heading toward 137p, a point where some sort of short lived bounce is possible. If broken, our secondary calculation remains at 112p. Despite daring apply the word “normal” against a Retail Bank, it’s going to need some sort of miracle for Barclays to avoid 137p and a break of the uptrend since 2009. This would rate pretty high on the “Bad Things Scale”, given below Red on the chart remains with 78 exerting magnetic long term attractions. Barclays needs above 183p to get out of trouble.

 

There’s a feeling of pretence about many price and index moves, everything feeling on the edge of doom. The funny thing, market movements no longer give a clue as to which Brexit recipe is preferred. Regardless the politician, anything major about Brexit just appears give things a little nudge up AND down.

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

10:02:16PM

BRENT

60.01

10:03:44PM

GOLD

1245.09

1241.5

1240.625

1237.5

1247

1250

1252.435

1256.08

1243

10:05:43PM

FTSE

6775.76

Shambles

10:07:26PM

FRANCE

4783.7

10:15:57PM

GERMANY

10729.31

10:17:45PM

US500

2641.32

10:20:24PM

DOW

24468

10:22:17PM

NASDAQ

6692.99

6530

6507

6393

6653

6712

6739

6808

6612

‘cess

10:24:22PM

JAPAN

21338

Success

10/12/2018 FTSE Closed at 6721 points. Change of -0.84%. Total value traded through LSE was: £ 7,398,221,418 a change of 1.03%
7/12/2018 FTSE Closed at 6778 points. Change of -2.07%. Total value traded through LSE was: £ 7,323,127,201 a change of 5.12%
5/12/2018 FTSE Closed at 6921 points. Change of -1.44%. Total value traded through LSE was: £ 6,966,600,933 a change of -11.83%
4/12/2018 FTSE Closed at 7022 points. Change of -0.57%. Total value traded through LSE was: £ 7,901,119,671 a change of 9.83%
3/12/2018 FTSE Closed at 7062 points. Change of 1.17%. Total value traded through LSE was: £ 7,194,186,755 a change of -22.49%
30/11/2018 FTSE Closed at 6980 points. Change of -0.82%. Total value traded through LSE was: £ 9,281,193,872 a change of 48.56%
29/11/2018 FTSE Closed at 7038 points. Change of -100%. Total value traded through LSE was: £ 6,247,553,227 a change of 0%

 

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