#Brent #Dax
The Blue downtrend on the Barclays chart (since 2013!) is proving fascinating. For 7 years, the market appeared committed to stopping the share price bettering Blue, not matter what. But since March 2021 and the share price finally exceeding Blue, the market appears committed to stopping the share price moving below Blue. Instead, we’ve a painful series of reversals which tease Blue but fail to close below.
We fear this respect for the trend line may be close to coming to an end.
Currently trading around 147p, the share price need only break below 142p to trigger reversal to an initial 132p. If broken, our secondary calculates at 126p, along with a vague hope for a bounce. We’re forced to be a little cagey with our hopes, due to the harsh reality of the share price entering a zone where a longer term cycle to an eventual bottom at 95p becomes very possible. What’s truly surprising about this shambles is pretty straightforward. For a while, Barclays looked like shining brightly among the UK banking sector but somehow, now appears to have face-planted in the mud. It’s not an encouraging sight and we’re inclined to suggest keeping an eye on this as surely, if 95p makes an appearance, a proper bounce shall become possible.
In the hope everything going on with Barclays is just an optical delusion (it’s not) allegedly the share price need only exceed 152p to give hope for surprise recovery, calculating with an initial potential of recovery to a tame looking 168p. With closure above such a level, things become rather more interesting as we now work out the potential of 210p making a future appearance. For now, we suspect the price is as safe as the current UK Prime Ministers grip on the keys of power. Watching “Have I Got News For You” on Friday, the opening 10+ minutes comprised constant jokes at the PM’s gaffes, not one of the jokes being repeated to pad things out.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:55:48PM | BRENT | 104.32 | 102.04 | 100.415 | 96.51 | 105.3 | 106.03 | 107.32 | 109.08 | 103.6 | ‘cess |
| 9:57:45PM | GOLD | 1925.65 | ‘cess | ||||||||
| 10:00:00PM | FTSE | 7563.62 | |||||||||
| 10:01:33PM | FRANCE | 6703 | |||||||||
| 10:03:39PM | GERMANY | 14474 | 14376 | 14335 | 14278 | 14472 | 14503 | 14547 | 14604 | 14424 | |
| 10:05:57PM | US500 | 4544 | Success | ||||||||
| 10:07:52PM | DOW | 34807.7 | Success | ||||||||
| 10:10:12PM | NASDAQ | 14855 | Success | ||||||||
| 10:13:53PM | JAPAN | 27696 | ‘cess |
1/04/2022 FTSE Closed at 7537 points. Change of 0.29%. Total value traded through LSE was: £ 5,416,602,044 a change of -16.69%
31/03/2022 FTSE Closed at 7515 points. Change of -0.83%. Total value traded through LSE was: £ 6,501,691,261 a change of -12.58%
30/03/2022 FTSE Closed at 7578 points. Change of 0.54%. Total value traded through LSE was: £ 7,437,044,011 a change of -7.97%
29/03/2022 FTSE Closed at 7537 points. Change of 0.86%. Total value traded through LSE was: £ 8,081,315,259 a change of 39.66%
28/03/2022 FTSE Closed at 7473 points. Change of -0.13%. Total value traded through LSE was: £ 5,786,403,389 a change of -6.97%
25/03/2022 FTSE Closed at 7483 points. Change of 0.21%. Total value traded through LSE was: £ 6,219,662,517 a change of -9.68%
24/03/2022 FTSE Closed at 7467 points. Change of 0.09%. Total value traded through LSE was: £ 6,886,600,225 a change of 4.56%
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:AGM Applied Graphene** **LSE:CASP Caspian** **LSE:FOXT Foxtons** **LSE:RMG Royal Mail** **LSE:TRN The Trainline** **
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Updated charts published on : AFC Energy, Applied Graphene, Caspian, Foxtons, Royal Mail, The Trainline,
LSE:AFC AFC Energy Close Mid-Price: 39.96 Percentage Change: -1.82% Day High: 42 Day Low: 39.2
In the event of AFC Energy enjoying further trades beyond 42, the share s ……..
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View Previous AFC Energy & Big Picture ***
LSE:AGM Applied Graphene Close Mid-Price: 20 Percentage Change: -4.76% Day High: 22 Day Low: 19.5
In the event Applied Graphene experiences weakness below 19.5 it calculat ……..
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View Previous Applied Graphene & Big Picture ***
LSE:CASP Caspian. Close Mid-Price: 3.9 Percentage Change: + 4.00% Day High: 3.9 Day Low: 3.75
Below 3.2p now looks capable of panic, suggesting reversal to an initial 2 ……..
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View Previous Caspian & Big Picture ***
LSE:FOXT Foxtons. Close Mid-Price: 44.35 Percentage Change: + 3.14% Day High: 44.6 Day Low: 42.7
All Foxtons needs are mid-price trades ABOVE 44.6 to improve acceleration ……..
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View Previous Foxtons & Big Picture ***
LSE:RMG Royal Mail Close Mid-Price: 328.5 Percentage Change: -0.15% Day High: 332.2 Day Low: 325.9
In the event Royal Mail experiences weakness below 325.9 it calculates wi ……..
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View Previous Royal Mail & Big Picture ***
LSE:TRN The Trainline. Close Mid-Price: 257.1 Percentage Change: + 2.84% Day High: 257.5 Day Low: 248.5
Target met. Further movement against The Trainline ABOVE 257.5 should imp ……..
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View Previous The Trainline & Big Picture ***