Royal Bank of Scotland, 28/11/2019

#DAX #FTSE We’re starting to wonder whether the slight, very slight, optimism present against the retail banks may be due to expectations against next months election result in the UK. If this is indeed the case, Royal Bank of Scotland PLC are carefully sticking their tartan bonnet above the parapet at present.

The immediate situation is pretty straightforward as moves above 232p look capable of achieving a near term 240p. In itself, a pretty useless movement but greater interest is aroused, if the price somehow betters 240p. A movement like this will be a solid nod in the right direction, calculating with a secondary target of 250p.

In a ‘back to school’ moment, achieving 250p shall prove important taking the price above the last point the downtrend (Blue from 2009) was defined and thus, officially creating a Higher High. Stumbling into such territory risks truly stirring the pot, from a Big Picture perspective. In fact, we’d strongly suggest shelving celebrations until the share actually closes around the 250p point. A miracle like this will tend promise 282p and beyond for the longer term.

Of course, there’s a reasonable chance this optimism could be dashed, if politicians (or voters) do something exquisitely stupid. In the case of RBS, anything capable of driving the price below 210p is liable to have dire consequences, transporting the price back into a region where 174p is yet again calculating as a probable drop location. Secondary, if broken, remains at 150p.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:44:46PM	BRENT	63.1									‘cess
9:47:02PM	GOLD	1454.64
9:50:07PM	FTSE	7430.8	7407	7401	7386	7444	7448	7456	7472	7417	‘cess
9:51:49PM	FRANCE	5928.7									Shambles
9:54:59PM	GERMANY	13307.72	13217	13202	13120	13267	13316	13324	13368	13262	Success
9:57:51PM	US500	3155.52									Success
9:59:41PM	DOW	28179.5
10:03:46PM	NASDAQ	8453.24									Success
10:06:28PM	JAPAN	23584

 

27/11/2019 FTSE Closed at 7429 points. Change of 0.35%. Total value traded through LSE was: £ 5,291,535,835 a change of -43.03%

26/11/2019 FTSE Closed at 7403 points. Change of 0.09%. Total value traded through LSE was: £ 9,287,781,943 a change of 67.52%

25/11/2019 FTSE Closed at 7396 points. Change of 0.96%. Total value traded through LSE was: £ 5,544,320,565 a change of 6.78%

22/11/2019 FTSE Closed at 7326 points. Change of 1.22%. Total value traded through LSE was: £ 5,192,412,665 a change of -5.45%

21/11/2019 FTSE Closed at 7238 points. Change of -0.33%. Total value traded through LSE was: £ 5,491,994,018 a change of -12.81%

20/11/2019 FTSE Closed at 7262 points. Change of -0.83%. Total value traded through LSE was: £ 6,298,819,044 a change of 17.12%

19/11/2019 FTSE Closed at 7323 points. Change of 0.22%. Total value traded through LSE was: £ 5,378,033,826 a change of -0.49%