Barclays for 18/08/2020

#Brent #CAC40 It would be enjoyable to suggest a Retail Bank share price movement provoked a cardiac problem, confining our usual “headline section” writer to hospital. However, there has been no such movement amongst the usual culprits as they continue to play in the gutter of share prices, often trading below logical bottom levels.

For Barclays, there is an immediate issue looking dangerous as it produces an interesting “what if” scenario.

What if Barclays drops below 107p? Will the price plummet down to a pretty tame sounding 105p?

This scenario is quite a big deal, visually pretty certain to bring further reversals to 101p and the edge of a problem. If the price fails to rebound from Red on the chart (we do not think it shall rebound), the visuals indicate the risk of continued reversals down to 86p and hopefully (no guarantee) a real rebound.

Barclays now needs above 114p before we dare become slightly breathless with anticipation. Our ‘wounded soldier’ is recovering and will be back writing later this week hopefully.

 

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
12:36:57AM	BRENT	45.66	44.74	44.415	43.97	45.49	45.75	45.945	46.35	45.24
12:40:09AM	GOLD	1983.26
12:42:03AM	FTSE	6139.7
12:43:36AM	FRANCE	4974	4936	4911.5	4849	4981	5002	5013.5	5039	4958
12:45:30AM	GERMANY	12964
12:57:49AM	US500	3389.72
1:02:41AM	DOW	27896

17/08/2020 FTSE Closed at 6127 points. Change of 0.61%. Total value traded through LSE was: £ 4,261,456,332 a change of 16.19%

14/08/2020 FTSE Closed at 6090 points. Change of -1.54%. Total value traded through LSE was: £ 3,667,761,391 a change of -1.93%

13/08/2020 FTSE Closed at 6185 points. Change of -1.51%. Total value traded through LSE was: £ 3,740,034,569 a change of -28.55%

12/08/2020 FTSE Closed at 6280 points. Change of 2.05%. Total value traded through LSE was: £ 5,234,357,396 a change of 7.98%

11/08/2020 FTSE Closed at 6154 points. Change of 1.72%. Total value traded through LSE was: £ 4,847,593,064 a change of 33.01%

10/08/2020 FTSE Closed at 6050 points. Change of 0.3%. Total value traded through LSE was: £ 3,644,538,945 a change of -12.52%

7/08/2020 FTSE Closed at 6032 points. Change of 0.1%. Total value traded through LSE was: £ 4,166,017,548 a change of -2.34%