#Brent_Futures #DAX For Barclays, news of their recent penalty for sterling trading activities almost a decade ago must have felt similar to the 10 second race penalty given to Louis Hamiltons competitor in the Saudi Arabia GP. The fine amount of £50m+ was inconsequential, when viewed against the probable gains. Similarly, behaviour intended to cause a crash, resulted in a slap on the wrist which did nothing to change the points total.
The final race of the season has both drivers entering on equal points, meaning the world championship depends on a single race in the UAE next weekend. Perhaps a dream situation which should generate impressive viewing figures but the penalty is a nuisance, doing nothing to actually deter utterly appalling behaviour on the race track. Equally, it remains possible the banks will continue to make their own rules, until such time legal action is taken against all the individuals involved.
When we reviewed Barclays share price a few weeks ago, we’d a fairly justified lack of optimism, a tone which appears justified. Maybe it shall be the case of news from the Bank of England being poised to loosen (some truly absurd) mortgage lending rules. Things have gotten so bad, when friends had their offer to buy a house accepted, they eventually cancelled their mortgage application and opted to make the purchase from savings. Their brush with “jobsworth” behaviour led to an expectation the lender was doubtless going to require details of the change of numbers of chest-hairs over the last 5 years, such was the absurdity being given to justify constant delays in the application. Somehow, the very salient element kept being ignored, they didn’t actually need a mortgage!
Surely it must be the case easing of lending rules shall finally benefit the banks?
From a strictly charty viewpoint, Barclays share price now looks destined to head to 217p as the next major point of interest. The share price has already exceeded the high, pre-pandemic, of 184p, and while it’s tending to treat this level as a flat trend, essentially bouncing above and below, we’re hopeful for its future. Now, when we apply similar growth models to those experienced in wider markets, should the 217p level be exceeded, we can now calculate 229p as a viable secondary ambition.
The recent discovery of another variant for Covid-19 saw Barclays share price gapped down by the market, in common with virtually everything else. As a result, we are supposed to accept ongoing weakness below 180p should threaten reversal to an initial 173p with secondary, if broken, at 166p and hopefully a solid bounce. This level of reversal does not open the share up to panic, the price needing below 157p to justify serious concerns.
For now, we believe this intends 217p, just requiring unbelievable levels of patience and ideally, no new pandemic.
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| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | PriorFUTURES |
| 5:25:22PM | BRENT | 69.8 | 69.12 | 67.91 | 66.35 | 70.69 | 72.59 | 73.1 | 75.55 | 70.74 | Success |
| 5:28:37PM | GOLD | 1783.22 | ‘cess | ||||||||
| 5:30:53PM | FTSE | 7131.15 | ‘cess | ||||||||
| 8:04:16PM | FRANCE | 6733 | Shambles | ||||||||
| 8:06:07PM | GERMANY | 15187.25 | 15111 | 15066 | 14941 | 15196 | 15234 | 15252 | 15308 | 15165 | Success |
| 8:07:47PM | US500 | 4501 | ‘cess | ||||||||
| 8:09:21PM | DOW | 34304.2 | |||||||||
| 9:18:14PM | NASDAQ | 15571.69 | Success | ||||||||
| 9:20:07PM | JAPAN | 27777 | ‘cess |
3/12/2021 FTSE Closed at 7122 points. Change of -0.1%. Total value traded through LSE was: £ 5,149,568,407 a change of -8.34%
2/12/2021 FTSE Closed at 7129 points. Change of -0.54%. Total value traded through LSE was: £ 5,618,064,136 a change of -12.19%
1/12/2021 FTSE Closed at 7168 points. Change of 1.54%. Total value traded through LSE was: £ 6,397,928,527 a change of -42.03%
30/11/2021 FTSE Closed at 7059 points. Change of -0.7%. Total value traded through LSE was: £ 11,036,747,551 a change of 76.98%
29/11/2021 FTSE Closed at 7109 points. Change of 0.92%. Total value traded through LSE was: £ 6,236,169,403 a change of -24.07%
26/11/2021 FTSE Closed at 7044 points. Change of -3.64%. Total value traded through LSE was: £ 8,213,079,898 a change of 119.92%
25/11/2021 FTSE Closed at 7310 points. Change of 0.33%. Total value traded through LSE was: £ 3,734,503,289 a change of -30.71%
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:AML Aston Martin** **LSE:BDEV Barrett Devs** **LSE:CASP Caspian** **LSE:DARK Darktrace Plc** **LSE:ECO ECO (Atlantic) O & G** **LSE:EMG MAN** **LSE:IGAS Igas Energy** **LSE:OXIG Oxford Instruments** **
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Updated charts published on : Aston Martin, Barrett Devs, Caspian, Darktrace Plc, ECO (Atlantic) O & G, MAN, Igas Energy, Oxford Instruments,
LSE:AML Aston Martin Close Mid-Price: 1368 Percentage Change: -3.08% Day High: 1450 Day Low: 1388.5
Weakness on Aston Martin below 1388.5 will invariably lead to 1366 with s ……..
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View Previous Aston Martin & Big Picture ***
LSE:BDEV Barrett Devs. Close Mid-Price: 718.8 Percentage Change: + 1.10% Day High: 726.2 Day Low: 712.6
Target met. Further movement against Barrett Devs ABOVE 726.2 should impr ……..
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View Previous Barrett Devs & Big Picture ***
LSE:CASP Caspian. Close Mid-Price: 4.05 Percentage Change: + 0.00% Day High: 4.05 Day Low: 3.95
Weakness on Caspian below 3.95 will invariably lead to 3.5p. If broken, s ……..
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View Previous Caspian & Big Picture ***
LSE:DARK Darktrace Plc Close Mid-Price: 426.8 Percentage Change: -1.61% Day High: 449.4 Day Low: 424.2
Target met. In the event Darktrace Plc experiences weakness below 424.2 i ……..
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View Previous Darktrace Plc & Big Picture ***
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 17.75 Percentage Change: + 2.16% Day High: 17.75 Day Low: 17.25
Continued weakness against ECO taking the price below 17.25 calculates as ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:EMG MAN Close Mid-Price: 210.8 Percentage Change: -0.66% Day High: 213.3 Day Low: 209.5
Target met. Weakness on MAN below 209.5 will invariably lead to 206 with ……..
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View Previous MAN & Big Picture ***
LSE:IGAS Igas Energy. Close Mid-Price: 14 Percentage Change: + 2.94% Day High: 13.95 Day Low: 13.45
If Igas Energy experiences continued weakness below 13.45, it will invari ……..
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View Previous Igas Energy & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 2340 Percentage Change: + 0.00% Day High: 2350 Day Low: 2335
Apparently this needs only exceed 2400 to suggest coming travel to 2572 in ……..
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View Previous Oxford Instruments & Big Picture ***