#Brent #Dax We made an editing mistake with Eurasia Mining the other day. Our sentence regarding commencement of extraction missed a key phrase, “ at all sites“. This was important, its absence implying the company produce nothing!. Our apologies. Back among the FTSE 100 gang, Barclays Plc, continue to confuse, their share price slowly moving up and down above a trend which has been obvious since 2013.
Presently trading around 180p, while the visuals continue to demand price movements dare not be taken seriously until such time the price betters 190p, price movements during the last few weeks allow us to slightly moderate this trigger level. From our perspective, even above 188.3p is now liable to trigger some ‘proper’ share price movement, allowing price growth to an initial 199p with secondary, if exceeded, at a longer term 240p. The historical visuals on the chart suggest we should expect some hesitation at the 240p level, if only due to a series of highs back in 2017. Essentially, there’s going to be a bunch of folk who’ve been trapped for fours years, doubtless keen to retrieve their funds and this invariably produces some selling pressure. We suspect, for the long term, this may prove an error, thanks to an underlying attraction quite a bit higher.
The alternate situation for Barclays Plc lurks at 156p. We would have considerable alarm, if the share price discovered an excuse to slump below such a level. The implications risk being truly unpleasant, calculating with an initial reversal potential of 125p with secondary, if broken, a seriously nasty bottom at 100p. Surprisingly, very little among the chart visuals tends agree with these target levels and as a result, we’re inclined to relax on the reversal potential front.
Trends and Targets. Past performance is not a reliable indicator of future results.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 8:24:38PM | BRENT | 64.65 | 64.6 | 63.5 | 59.48 | 66.75 | 66.75 | 67.5 | 68.45 | 64.8 | |
| 8:26:33PM | GOLD | 1781.63 | |||||||||
| 8:28:09PM | FTSE | 7110.1 | |||||||||
| 8:29:50PM | FRANCE | 6637 | |||||||||
| 8:32:29PM | GERMANY | 15827 | 15653 | 15585 | 15503 | 15755 | 15833 | 15841 | 15867 | 15766 | |
| 8:37:00PM | US500 | 4441.42 | ‘cess | ||||||||
| 8:44:12PM | DOW | 35177 | ‘cess | ||||||||
| 8:46:00PM | NASDAQ | 15086 | Success | ||||||||
| 8:48:47PM | JAPAN | 27237 | ‘cess |
20/08/2021 FTSE Closed at 7087 points. Change of 0.41%. Total value traded through LSE was: £ 4,737,378,456 a change of -4.32%
19/08/2021 FTSE Closed at 7058 points. Change of -1.55%. Total value traded through LSE was: £ 4,951,507,181 a change of -2.94%
18/08/2021 FTSE Closed at 7169 points. Change of -0.17%. Total value traded through LSE was: £ 5,101,308,767 a change of 1.33%
17/08/2021 FTSE Closed at 7181 points. Change of 0.39%. Total value traded through LSE was: £ 5,034,493,544 a change of 2.47%
16/08/2021 FTSE Closed at 7153 points. Change of -0.9%. Total value traded through LSE was: £ 4,913,032,412 a change of 23.5%
13/08/2021 FTSE Closed at 7218 points. Change of 0.35%. Total value traded through LSE was: £ 3,978,009,773 a change of -26.52%
12/08/2021 FTSE Closed at 7193 points. Change of -0.37%. Total value traded through LSE was: £ 5,413,411,006 a change of 4.45%
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:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:CEG Challenger Energy (aka Bahamas Pet)** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:MRW Morrisons** **LSE:NG. National Glib** **
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Updated charts published on : Barclays, BALFOUR BEATTY, Challenger Energy (aka Bahamas Pet), Genel, Gulf Keystone, British Airways, IG Group, ITM Power, Morrisons, National Glib,
LSE:BARC Barclays. Close Mid-Price: 179.32 Percentage Change: + 0.23% Day High: 180.12 Day Low: 176.94
Even above 183 is now supposed to bring recovery to an initial 188.5 with ……..
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View Previous Barclays & Big Picture ***
LSE:BBY BALFOUR BEATTY. Close Mid-Price: 289.6 Percentage Change: + 0.49% Day High: 291.2 Day Low: 284.8
If BALFOUR BEATTY experiences continued weakness below 284.8, it will inv ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:CEG Challenger Energy (aka Bahamas Pet) Close Mid-Price: 1.56 Percentage Change: -5.45% Day High: 1.65 Day Low: 1.55
Target met. If Challenger Energy (aka Bahamas Pet) experiences continued ……..
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View Previous Challenger Energy (aka Bahamas Pet) & Big Picture ***
LSE:GENL Genel Close Mid-Price: 122 Percentage Change: -10.29% Day High: 133.2 Day Low: 114
Target met. Weakness on Genel below 114 will invariably lead to 104 with ……..
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View Previous Genel & Big Picture ***
LSE:GKP Gulf Keystone Close Mid-Price: 143 Percentage Change: -2.19% Day High: 145.8 Day Low: 139.8
Continued weakness against GKP taking the price below 139.8 calculates as ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:IAG British Airways Close Mid-Price: 158.92 Percentage Change: -0.56% Day High: 160.84 Day Low: 155.6
If British Airways experiences continued weakness below 155.6, it will i ……..
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View Previous British Airways & Big Picture ***
LSE:IGG IG Group. Close Mid-Price: 936.5 Percentage Change: + 0.75% Day High: 942 Day Low: 929.5
In the event of IG Group enjoying further trades beyond 942, the share sh ……..
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View Previous IG Group & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 459.8 Percentage Change: -0.48% Day High: 465.4 Day Low: 450.4
All ITM Power needs are mid-price trades ABOVE 465.4 to improve accelerat ……..
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View Previous ITM Power & Big Picture ***
LSE:MRW Morrisons. Close Mid-Price: 291 Percentage Change: + 4.23% Day High: 292.6 Day Low: 290.7
Target met. Further movement against Morrisons ABOVE 292.6 should improve ……..
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View Previous Morrisons & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 979 Percentage Change: + 0.07% Day High: 983.6 Day Low: 974.1
Target met. In the event of National Glib enjoying further trades beyond ……..
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View Previous National Glib & Big Picture ***