Barclays for 15/04/2020

#Brent #Dax A month ago, we devoted 29 words to speculate what would happen to Barc’s share price, if it floundered below 139p. Guess what, it did! (LINK) Unfortunately, the price broke our target 90p level repeatedly which means we must now concentrate on worse potentials.

The situation now suggests trauma, if the price meanders below 79p. Such a ridiculous movement allows continued travel downward to an initial 47p. If broken, our secondary works out at 26p and (hopefully) ultimate bottom. We cannot currently calculate a bottom level below 26p.

There is something slightly interesting about 47p as an initial drop target. This matches Barclays low of 2009, presenting a point where most of the world shall anticipate a rebound. We’d advocate caution if 47p breaks on any initial surge downward. It will tend to make a bounce short-lived and worse, confirm the potential of 26p making a guest appearance sometime in the future.

 

At present, Barclays requires to trade above 110p just to suggest any recovery “might” be real. Moves above 109p calculate with an initial bounce target of 121p with secondary, if exceeded, up at a more reasonable sounding 135p.

 

For now, we’re not holding our breath but are wearing a face mask…

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:16:28PM	BRENT	32.06	31.25	30.025	27.74	32.86	33.38	33.68	34.49	31.86	Clsd
10:18:44PM	GOLD	1730									Clsd
10:20:18PM	FTSE	5809.39									Clsd
10:21:42PM	FRANCE	4520.7									Clsd
10:23:32PM	GERMANY	10759	10654	10605	10533	10749	10821	11022.5	12036	10300	Clsd
10:25:08PM	US500	2853									Clsd
10:28:06PM	DOW	24089									Clsd
10:30:01PM	NASDAQ	8718.37									Clsd
10:33:43PM	JAPAN	19542									Clsd

 

 

14/04/2020 FTSE Closed at 5791 points. Change of -0.87%. Total value traded through LSE was: £ 6,566,152,057 a change of -6.93%

9/04/2020 FTSE Closed at 5842 points. Change of 2.91%. Total value traded through LSE was: £ 7,054,916,655 a change of 16.86%

8/04/2020 FTSE Closed at 5677 points. Change of -0.47%. Total value traded through LSE was: £ 6,036,851,647 a change of -23.98%

7/04/2020 FTSE Closed at 5704 points. Change of 2.19%. Total value traded through LSE was: £ 7,941,411,250 a change of 28.33%

6/04/2020 FTSE Closed at 5582 points. Change of 3.08%. Total value traded through LSE was: £ 6,188,185,847 a change of 7.79%

3/04/2020 FTSE Closed at 5415 points. Change of -100%. Total value traded through LSE was: £ 5,740,716,351 a change of 0%

2/04/2020 FTSE Closed at 5480 points. Change of 0%. Total value traded through LSE was: £ 6,647,447,638 a change of 0%