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.

Hey, chart goes here

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.

Hey, 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

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%

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