#Brent_Futures #DAX Few things are less fun than writing something, while ensuring the document be saved every sentence. It’s that fun time of the year, here on the west coast of Scotland, when 80mph winds are expected and the power is playing silly games. Unfortunately, the biggest disaster shall come, if the electricity goes down. The microwave clock will need set again. Whoever designed this simple piece of electronics clearly lied on their CV.
Perhaps they actually intended join a mime act, giving micro waves to the audience with their pinky. To adjust the clock hours requires holding a button while turning the timer dial. But to adjust the minutes, you press the button twice, then tap another button repeatedly. My partner was frustrated at my irritation, announcing she’d look at it. Twenty minutes later, she flounced angrily back into the lounge, the clock remaining at flashing zero’s. Quite why designers feel the need to build a clock into every electrical item is a puzzle. It’s a case of “just because you can doesn’t mean you should” as a power cut means resetting the oven clock, the dishwasher clock, the fridge clock, the heating clock, and of course the sodding microwave.
What has all this to do with Barclays? I’ve absolutely no idea. The power went down for a while and I’ve utterly lost the elegant analogy which was supposed to impress readers, so now I’ve several unpleasant jobs to look forward to. The first one, obviously, is finding something interesting to say about Barclays share price. The second unpleasant job is setting all these annoying electronic clocks.
Three weeks ago, when we reviewed Barclays, we gave an initial target of 218p. The share price, for a pleasant change, managed to perform in adherence to our imaginary rules, reaching 219p on the initial surge but crucially, the share failed to close above 217.1p. Perhaps some growth is indeed coming, just not right now apparently. We actually are fairly optimistic for the future but suspect some near term reversals can be expected.
Near term, below 193p looks capable of driving traffic down to 187p. If broken, our secondary calculates at a less likely 182p. We’ve deemed 182p as “less likely” simply due to this taking the price below the immediate Red uptrend. This risks being a dangerous movement, taking the share into a region where arguments start to accumulate favouring eventual reversal to 159p. Instead, we’d hope for a bounce, should 187p make an appearance.
For things to start looking interesting for Barclays, the share price presently needs exceed the previous high of 219.6p as we now expect movement to 230p fairly soon thereafter. Our secondary, if such a level is exceeded, now works out at 241p but for those blessed with patience, the share price shall find itself in a region where we can mention a distant 292p without giggling.
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FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 3:16:29PM | BRENT | 89.11 | 87.96 | 87.135 | 86.07 | 89.12 | 90.33 | 91.19 | 92.17 | 87.9 | ‘cess |
| 3:35:16PM | GOLD | 1789.02 | |||||||||
| 9:00:48PM | FTSE | 7506 | Success | ||||||||
| 9:03:22PM | FRANCE | 6954.9 | Success | ||||||||
| 9:06:40PM | GERMANY | 15440 | 15181 | 15110.5 | 14952 | 15347 | 15489 | 15507 | 15636 | 15275 | Success |
| 9:08:36PM | US500 | 4374.72 | ‘cess | ||||||||
| 9:12:17PM | DOW | 34363 | |||||||||
| 9:14:28PM | NASDAQ | 14228 | ‘cess | ||||||||
| 9:16:38PM | JAPAN | 26680 |
28/01/2022 FTSE Closed at 7466 points. Change of -1.16%. Total value traded through LSE was: £ 10,846,360,111 a change of 33.05%
27/01/2022 FTSE Closed at 7554 points. Change of 1.14%. Total value traded through LSE was: £ 8,151,826,198 a change of 20.71%
26/01/2022 FTSE Closed at 7469 points. Change of 1.33%. Total value traded through LSE was: £ 6,753,491,510 a change of 0.93%
25/01/2022 FTSE Closed at 7371 points. Change of 1.01%. Total value traded through LSE was: £ 6,691,379,675 a change of -33.53%
24/01/2022 FTSE Closed at 7297 points. Change of -2.63%. Total value traded through LSE was: £ 10,066,916,711 a change of 27.66%
21/01/2022 FTSE Closed at 7494 points. Change of -1.2%. Total value traded through LSE was: £ 7,885,774,103 a change of 20.92%
20/01/2022 FTSE Closed at 7585 points. Change of -0.05%. Total value traded through LSE was: £ 6,521,628,941 a change of -25.14%
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:AFC AFC Energy** **LSE:AVCT Avacta** **LSE:BT.A British Telecom** **LSE:CCL Carnival** **LSE:EMG MAN** **LSE:FRES Fresnillo** **LSE:ITM ITM Power** **LSE:ODX Omega Diags** **LSE:OPG OPG Power Ventures** **LSE:OXIG Oxford Instruments** **LSE:POLY Polymetal** **LSE:TRN The Trainline** **LSE:TSCO Tesco** **LSE:VOD Vodafone** **LSE:ZOO Zoo Digital** **
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Updated charts published on : AFC Energy, Avacta, British Telecom, Carnival, MAN, Fresnillo, ITM Power, Omega Diags, OPG Power Ventures, Oxford Instruments, Polymetal, The Trainline, Tesco, Vodafone, Zoo Digital,
LSE:AFC AFC Energy Close Mid-Price: 31.45 Percentage Change: -6.40% Day High: 33.75 Day Low: 30.4
Target met. If AFC Energy experiences continued weakness below 30.4, it w ……..
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View Previous AFC Energy & Big Picture ***
LSE:AVCT Avacta. Close Mid-Price: 95.9 Percentage Change: + 5.97% Day High: 101.5 Day Low: 87
In the event of Avacta enjoying further trades beyond 101.5, the share sh ……..
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View Previous Avacta & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 197 Percentage Change: + 1.78% Day High: 197.45 Day Low: 193.5
All British Telecom needs are mid-price trades ABOVE 197.45 to improve ac ……..
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View Previous British Telecom & Big Picture ***
LSE:CCL Carnival Close Mid-Price: 1275.8 Percentage Change: -8.04% Day High: 1326.4 Day Low: 1244.2
In the event Carnival experiences weakness below 1244 it calculates with ……..
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View Previous Carnival & Big Picture ***
LSE:EMG MAN Close Mid-Price: 188.1 Percentage Change: -0.05% Day High: 191.75 Day Low: 186.35
Weakness on MAN below 186.35 will invariably lead to 183 with secondary ( ……..
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View Previous MAN & Big Picture ***
LSE:FRES Fresnillo Close Mid-Price: 631.8 Percentage Change: -0.72% Day High: 641 Day Low: 614.8
Target met. Continued weakness against FRES taking the price below 614.8 ……..
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View Previous Fresnillo & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 239.4 Percentage Change: -0.99% Day High: 246 Day Low: 228.2
If ITM Power experiences continued weakness below 228.2, it will invariab ……..
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View Previous ITM Power & Big Picture ***
LSE:ODX Omega Diags Close Mid-Price: 10.65 Percentage Change: -9.36% Day High: 11.75 Day Low: 10.25
If Omega Diags experiences continued weakness below 10.25, it will invari ……..
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View Previous Omega Diags & Big Picture ***
LSE:OPG OPG Power Ventures Close Mid-Price: 10.38 Percentage Change: -3.49% Day High: 10.75 Day Low: 10.38
Weakness on OPG Power Ventures below 10.38 will invariably lead to 10.2 w ……..
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View Previous OPG Power Ventures & Big Picture ***
LSE:OXIG Oxford Instruments Close Mid-Price: 2045 Percentage Change: -2.62% Day High: 2120 Day Low: 2040
If Oxford Instruments experiences continued weakness below 2040, it will ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:POLY Polymetal Close Mid-Price: 1048.5 Percentage Change: -4.20% Day High: 1102.5 Day Low: 1040
Continued weakness against POLY taking the price below 1040 calculates as ……..
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View Previous Polymetal & Big Picture ***
LSE:TRN The Trainline Close Mid-Price: 211.8 Percentage Change: -2.04% Day High: 215.4 Day Low: 202.2
Below 199 still points at the potential of an initial 164 with secondary, ……..
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View Previous The Trainline & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 303.4 Percentage Change: + 1.13% Day High: 304.1 Day Low: 299.05
Continued trades against TSCO with a mid-price ABOVE 304.1 should improve ……..
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View Previous Tesco & Big Picture ***
LSE:VOD Vodafone. Close Mid-Price: 127.62 Percentage Change: + 1.22% Day High: 129.08 Day Low: 125.1
Further movement against Vodafone ABOVE 129.08 should improve acceleratio ……..
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View Previous Vodafone & Big Picture ***
LSE:ZOO Zoo Digital. Close Mid-Price: 147 Percentage Change: + 1.73% Day High: 147 Day Low: 144.5
Target met. In the event of Zoo Digital enjoying further trades beyond 14 ……..
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View Previous Zoo Digital & Big Picture ***