#Brent_Futures #DAX
Barclays share price remains behaving, to use a technical term, “utterly uselessly”. To judge by movements since April, one could almost imagine they’ve announced a forthcoming move to new headquarters in Moscow with Boris Johnston organising the grand opening party. The Blue line on the chart dates back to 2013 and about the only thing we must concede is the share price is paying close attention to it.
In an update to our numbers, now below 140p threatens reversal to an initial target level of 127p. Oddly, we’ve separate criteria pointing at such a drop ambition, creating a situation where we’d anticipate a solid bounce if such a target level appears. Our longer term secondary calculates down at 98p but, aside from this sort of price level making an appearance in 2020, very little visually backs up any logic pointing at such a target level. And in any case, the inset on the chart appears to enforce our thoughts the market doesn’t want Barclays to drop. It just doesn’t want the share price to go up either!
Presently trading around 150p, our inclination is to allocate 169p as a trigger level, our thought process suggesting should this share price trade above 169p, “proper” recovery should prove difficult to restrain. In this scenario, sharp movement to an initial 189 looks very possible with secondary, if exceeded, calculating at 213p. Visually, there appears to be a threat of hesitation, should this 213p make an appearance as some sort of glass ceiling becomes extremely probable. The chart inset suggests, with Barclays, it’s all just a matter of patience. He’s hoping!
Wall St (DOWi:DJI) When we previously reviewed Wall St in March, we’d proposed the threat of reversal to the 31,000 level. At the time it was trading around 33,900, so it was quite a big drop to consider. The US market hit 31,200 last week, making us question whether this shall be deemed “close enough”, creating a situation where we should anticipate a bounce?
It certainly appears to be the case. The bounce just above our Big Picture target level should have faded away by 32,200 points as, theoretically, there was only sufficient force to fuel a 1,000 point rebound. However, the market bounced higher, futures even joining in the fun by reaching 32,300 points. Maybe it is the case, by bouncing just before our drop target and bouncing higher than initial calculations permitted, we should now regard Wall St as enjoying some hidden strength.
This being the case, now above 32,300 calculates with the potential of ongoing recovery to an initial 32,600 with secondary, if exceeded, working out at 33,170 points. Of course, there’s a little problem with this secondary ambition as it fails to trouble the level at which the Red uptrend was broken (33,650 points), calling into question the integrity of any recovery. Currently we can calculate a third level target, should 33,170 be exceeded, at 33,900 points but, to be honest, we don’t expect it. Instead, the market “feels” like it risks experiencing a slow down for a while.
If trouble is planned in the days ahead, Wall St now needs below 31,400 to justify serious concern as we can point out new drop target levels at an initial 30,100 with secondary 28,000.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 5:31:12PM | BRENT | 110.45 | 107 | 106.81 | 105.45 | 109.03 | 110.84 | 111.17 | 114.66 | 109.5 | ‘cess |
| 5:34:10PM | GOLD | 1812.31 | Success | ||||||||
| 5:36:57PM | FTSE | 7426.11 | Success | ||||||||
| 5:40:03PM | FRANCE | 6367 | Success | ||||||||
| 5:42:19PM | GERMANY | 14041.87 | 13785 | 13772 | 13671 | 13935 | 14071 | 14179 | 14481 | 13875 | Success |
| 5:44:15PM | US500 | 4023.02 | Success | ||||||||
| 5:46:28PM | DOW | 32206 | ‘cess | ||||||||
| 5:49:18PM | NASDAQ | 12379 | Success | ||||||||
| 6:23:03PM | JAPAN | 26626 | Success |
13/05/2022 FTSE Closed at 7418 points. Change of 2.56%. Total value traded through LSE was: £ 6,900,608,037 a change of -14.47%
12/05/2022 FTSE Closed at 7233 points. Change of -1.55%. Total value traded through LSE was: £ 8,068,175,968 a change of -13.29%
11/05/2022 FTSE Closed at 7347 points. Change of 1.44%. Total value traded through LSE was: £ 9,304,334,633 a change of 45.01%
10/05/2022 FTSE Closed at 7243 points. Change of 0.37%. Total value traded through LSE was: £ 6,416,543,760 a change of 2.54%
9/05/2022 FTSE Closed at 7216 points. Change of -2.31%. Total value traded through LSE was: £ 6,257,631,157 a change of -11.88%
6/05/2022 FTSE Closed at 7387 points. Change of -1.55%. Total value traded through LSE was: £ 7,100,975,536 a change of 2.72%
5/05/2022 FTSE Closed at 7503 points. Change of 0.13%. Total value traded through LSE was: £ 6,912,828,845 a change of 20.87%
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:AV. Aviva** **LSE:BLVN Bowleven** **LSE:BT.A British Telecom** **LSE:ECO ECO (Atlantic) O & G** **LSE:IGAS Igas Energy** **LSE:IQE IQE** **LSE:LLOY Lloyds Grp.** **LSE:STAN Standard Chartered** **
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Updated charts published on : Aviva, Bowleven, British Telecom, ECO (Atlantic) O & G, Igas Energy, IQE, Lloyds Grp., Standard Chartered,
LSE:AV. Aviva. Close Mid-Price: 408.2 Percentage Change: + 2.54% Day High: 409.1 Day Low: 401.2
This is getting extremely confusing as below 394 now indicates coming reve ……..
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View Previous Aviva & Big Picture ***
LSE:BLVN Bowleven. Close Mid-Price: 2.75 Percentage Change: + 0.00% Day High: 2.87 Day Low: 2.75
Now below 2.5 indicates the potential of reversal to an initial 1.5 with s ……..
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View Previous Bowleven & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 180.6 Percentage Change: + 1.38% Day High: 180.55 Day Low: 172
It’s now the case above 190 should make an attempt at an initial 206 with ……..
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View Previous British Telecom & Big Picture ***
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 26.75 Percentage Change: + 1.90% Day High: 27.25 Day Low: 26
Now below 25 suggests coming drips down to an initial 22 with secondary, i ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:IGAS Igas Energy. Close Mid-Price: 36.4 Percentage Change: + 1.11% Day High: 38.6 Day Low: 36.3
Above 40 now has the potential of a lift to 44 with secondary, if exceeded ……..
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View Previous Igas Energy & Big Picture ***
LSE:IQE IQE Close Mid-Price: 28.95 Percentage Change: -2.36% Day High: 29.9 Day Low: 28.25
If IQE experiences continued weakness below 28.25, it will invariably lea ……..
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View Previous IQE & Big Picture ***
LSE:LLOY Lloyds Grp.. Close Mid-Price: 43.88 Percentage Change: + 2.13% Day High: 44.1 Day Low: 43.35
This nightmare appears to be getting nasty, now suggesting below 43 shall ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 581.4 Percentage Change: + 2.90% Day High: 585.2 Day Low: 571.2
In the event of Standard Chartered enjoying further trades beyond 585.2, ……..
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View Previous Standard Chartered & Big Picture ***