#Brent #Dax Fathers Day proved strangely satisfying. Rather than the usual invasion from grandchildren, a positive Covid test for their mum ensured the monsters remained 60 miles away for the period of self isolation. Instead, the day was designated as a DIY occasion, working down the ToDo list on the wall of the office to catch up on a growing list of jobs for which excuses could be found to avoid. Sound familiar?
Easy jobs like a few exterior light bulbs were attractive, rather more intimidating jobs such as sorting the hinges on a gate. For some reason, my brain “can’t do hinges” and I know my wife waits in cheerful anticipation, every single time I try to sort a hinge in the garden. It always goes wrong, often due to me buying the wrong sort of hinge for the job. To elaborate, living by the sea ensures salt spray and frequent 60mph+ winds gives conventional exterior metalwork a limited lifespan.
But Sundays workload involved something I’ve wanted for years. Daughter had given me a vice as an unusual Fathers Day gift, roughly a decade ago. I’d never bolted it to anything and in honesty, it’s principal job is to hold the shed door open (a hinge issue). Fitting a vice looked simple, a matter of drilling three holes. But first, a substantial bit of wood was needed as a dedicated work top. Around 5 hours were spent, cutting wood, making brackets, cutting the wood ago due to a measurement issue, making more brackets. Finally, around the same point Louis Hamilton lost the French GP, I drilled the three holes and bolted the vice in place.
All things considered, it was a perfect Fathers Day gift, watching Formula 1 while messing around in the shed and as I was doing something useful, beyond reproach. I often wonder why my wife has never opened the new ironing board I bought her for her birthday… <joke>
On the subject of useful gifts, Barclays Plc continues to tease the market, their share price carefully avoiding doing anything useful. Three weeks ago, we mentioned 188p as a potential trigger level and the share has avoided it with similar sentiment I apply to hinges. Despite whatever happened to Barclays (and the markets in general) on Friday, our normal rules suggest, quite firmly, Barclays is readying itself to gift traders some reasonable movement. It just needs to actually start going up!
The share price is presently fumbling around the 180p level and, as we’d anticipated, showing some hesitation as this markets the price level, prior to the Covid-19 drop. When we review other markets, both in Europe, Asia, and the USA, this hesitation has been standard behaviour until such a point when a share (or index) brakes free, painting Higher Highs.
With Barclays, it appears about as certain as we can be now above 189p – a slight change in trigger level – shall gift movement up to an initial 223p initially with secondary, if exceeded, calculating at a future 238p.
When Barclays decided to spend Friday, kicking open the gate into visual chaos, we’re not entirely convinced weakness will hang around. From a software perspective, there is a threat of weakness below 171p bringing travel down to an initial 161 with secondary 151 and hopefully a bottom. We’re not sold on this concept, due to the price already being at the pre-pandemic level and secondly, because of the inset on the chart. The market, for whatever reason, inhibited Barclays rise earlier this year and conventionally, this sort of thing can prove a free gift in the future as price movements tend be sharp and vivid. It’s “just” a matter of time.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 8:58:54PM | BRENT | 72.71 | 71.65 | 71.49 | 70.91 | 72.61 | 73.05 | 73.325 | 73.93 | 72.04 | |
| 9:01:24PM | GOLD | 1764.97 | Shambles | ||||||||
| 9:04:32PM | FTSE | 7014.32 | Success | ||||||||
| 9:06:46PM | FRANCE | 6567 | Success | ||||||||
| 9:09:14PM | GERMANY | 15406 | 15400 | 15351 | 15207 | 15494 | 15565 | 15617 | 15689 | 15456 | Success |
| 9:12:08PM | US500 | 4161.72 | Success | ||||||||
| 9:15:45PM | DOW | 33273.7 | Success | ||||||||
| 9:18:52PM | NASDAQ | 14041 | Shambles | ||||||||
| 9:22:09PM | JAPAN | 28461 |
18/06/2021 FTSE Closed at 7017 points. Change of -1.9%. Total value traded through LSE was: £ 11,756,764,970 a change of 103.69%
17/06/2021 FTSE Closed at 7153 points. Change of -0.43%. Total value traded through LSE was: £ 5,772,023,987 a change of -2.72%
16/06/2021 FTSE Closed at 7184 points. Change of 0.17%. Total value traded through LSE was: £ 5,933,708,307 a change of 0.36%
15/06/2021 FTSE Closed at 7172 points. Change of 0.36%. Total value traded through LSE was: £ 5,912,147,960 a change of 2.11%
14/06/2021 FTSE Closed at 7146 points. Change of 0.17%. Total value traded through LSE was: £ 5,789,732,909 a change of 12.95%
11/06/2021 FTSE Closed at 7134 points. Change of 0.65%. Total value traded through LSE was: £ 5,126,105,822 a change of 3.18%
10/06/2021 FTSE Closed at 7088 points. Change of 0.1%. Total value traded through LSE was: £ 4,968,352,767 a change of 1.13%
SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.
Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION
Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.
UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.
We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…
Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares
Click Epic to jump to share: LSE:AVCT Avacta** **LSE:BDEV Barrett Devs** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:FRES Fresnillo** **LSE:GLEN Glencore Xstra** **LSE:IQE IQE** **LSE:LLOY Lloyds Grp.** **LSE:ODX Omega Diags** **LSE:QFI Quadrise** **LSE:SRP Serco** **LSE:TW. Taylor Wimpey** **
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Updated charts published on : Avacta, Barrett Devs, Centrica, Capita, Diageo, MAN, Experian, Fresnillo, Glencore Xstra, IQE, Lloyds Grp., Omega Diags, Quadrise, Serco, Taylor Wimpey,
LSE:AVCT Avacta Close Mid-Price: 213.8 Percentage Change: -4.98% Day High: 233.5 Day Low: 217.5
Now looking a bit worrying, weakness continuing below 211 now looks capabl ……..
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View Previous Avacta & Big Picture ***
LSE:BDEV Barrett Devs Close Mid-Price: 707.8 Percentage Change: -2.35% Day High: 730.2 Day Low: 701.6
Weakness on Barrett Devs below 701.6 will invariably lead to 689 with sec ……..
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View Previous Barrett Devs & Big Picture ***
LSE:CNA Centrica Close Mid-Price: 51.12 Percentage Change: -0.89% Day High: 51.76 Day Low: 50.8
Continued weakness against CNA taking the price below 50.8 calculates as ……..
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View Previous Centrica & Big Picture ***
LSE:CPI Capita Close Mid-Price: 37.64 Percentage Change: -0.61% Day High: 38.44 Day Low: 36.63
If Capita experiences continued weakness below 36.63, it will invariably ……..
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View Previous Capita & Big Picture ***
LSE:DGE Diageo Close Mid-Price: 3459.5 Percentage Change: -0.83% Day High: 3518 Day Low: 3452
Continued trades against DGE with a mid-price ABOVE 3518 should improve t ……..
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View Previous Diageo & Big Picture ***
LSE:EMG MAN Close Mid-Price: 186.1 Percentage Change: -2.16% Day High: 192.3 Day Low: 186.4
Further movement against MAN ABOVE 192.3 should improve acceleration towa ……..
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View Previous MAN & Big Picture ***
LSE:EXPN Experian Close Mid-Price: 2757 Percentage Change: -1.01% Day High: 2814 Day Low: 2759
In the event of Experian enjoying further trades beyond 2814, the share s ……..
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View Previous Experian & Big Picture ***
LSE:FRES Fresnillo. Close Mid-Price: 823.4 Percentage Change: + 2.26% Day High: 835 Day Low: 812
In the event Fresnillo experiences weakness below 812 it calculates with ……..
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View Previous Fresnillo & Big Picture ***
LSE:GLEN Glencore Xstra Close Mid-Price: 297.55 Percentage Change: -2.63% Day High: 307.3 Day Low: 294.8
If Glencore Xstra experiences continued weakness below 294.8, it will inv ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:IQE IQE Close Mid-Price: 47.65 Percentage Change: -6.39% Day High: 51.5 Day Low: 47.4
Weakness on IQE below 47.4 will invariably lead to 40p with secondary, if ……..
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View Previous IQE & Big Picture ***
LSE:LLOY Lloyds Grp. Close Mid-Price: 46.43 Percentage Change: -3.17% Day High: 48 Day Low: 46.17
Target met. Continued weakness against LLOY taking the price below 46.17 ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:ODX Omega Diags Close Mid-Price: 59 Percentage Change: -2.48% Day High: 60.5 Day Low: 56.5
In the event Omega Diags experiences weakness below 56.5 it calculates wi ……..
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View Previous Omega Diags & Big Picture ***
LSE:QFI Quadrise Close Mid-Price: 3.78 Percentage Change: -7.80% Day High: 3.99 Day Low: 3.68
In the event Quadrise experiences weakness below 3.68 it calculates with ……..
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View Previous Quadrise & Big Picture ***
LSE:SRP Serco Close Mid-Price: 132.1 Percentage Change: -2.15% Day High: 135.4 Day Low: 132
This is not happy. Weakness below 132 now looks like attempting 120p with ……..
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View Previous Serco & Big Picture ***
LSE:TW. Taylor Wimpey Close Mid-Price: 160.7 Percentage Change: -3.66% Day High: 168.25 Day Low: 161.75
In the event Taylor Wimpey experiences weakness below 161.75 it calculate ……..
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View Previous Taylor Wimpey & Big Picture ***