#Brent #Dax
Sunday afternoons used to be fun but the gathering clown show which is Formula 1 brought a sharp reminder of “ridiculous” happening in all walks of life. The UK retail banking sector remains a prime candidate, a glance at Barclays share price movements since 2009 giving a distinct aura of dismay. In many ways, they could even be thought of as The Ferrari of the banking sector, especially if one reviews how poorly the red cars perform in the championship.
Broadly speaking, Ferrari would be strongly ahead in the championship, if it were not for Ferrari fouling each race up. This afternoons (quite funny) debacle came when one of their cars visited the pits for a tyre change. It looked like the driver had disturbed a team coffee break, such was the utter panic which ensued. A Ferrari drivers afternoon was ruined, the team again drifting down the championship table and the term, “performing like a Ferrari” again changes from a complement to quite the converse.
However, surely Barclays must be about more than the last 13 years, surely deserving their place on the podium eventually?
In the search for optimism, above 174p now looks like it could prove significant, suggesting a cycle to an important 202p could be about to commence. This is liable to prove a really big deal for the future, moving the price above a trend which dates back to 2007 and risks triggering real strength, essentially taking the share price into a zone with a viable 307p proving a distant attraction eventually. Such an ambition even makes some visual sense, the chart promising a glass ceiling around such a target level.
However, it’s probably as well to remember “the Ferrari effect” as the share price doesn’t need try too hard to force itself off track. Below 152p looks serious problematic, calculating with the potential of reversals to an initial 131p with secondary, if (when) broken at 98p and hopefully a bounce and another attempt at recovery.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 9:24:13PM | BRENT | 92.91 | 91.73 | 89.565 | 84.82 | 95.16 | 95.18 | 95.815 | 97.18 | 93.4 |
| 9:26:09PM | GOLD | 1712 | ||||||||
| 9:28:43PM | FTSE | 7214 | ||||||||
| 9:30:43PM | STOX50 | 3466.5 | ||||||||
| 9:33:00PM | GERMANY | 12712 | 12635 | 12536 | 12361 | 12817 | 13063 | 13182 | 13376 | 12874 |
| 9:35:32PM | US500 | 3923 | ||||||||
| 9:40:12PM | DOW | 31322 | ||||||||
| 9:51:09PM | NASDAQ | 12102 | ||||||||
| 9:53:20PM | JAPAN | 27530 |
2/09/2022 FTSE Closed at 7281 points. Change of 1.86%. Total value traded through LSE was: £ 4,931,431,269 a change of -2.21%
1/09/2022 FTSE Closed at 7148 points. Change of -1.87%. Total value traded through LSE was: £ 5,042,745,604 a change of -38.48%
31/08/2022 FTSE Closed at 7284 points. Change of -1.05%. Total value traded through LSE was: £ 8,197,472,854 a change of 27.31%
30/08/2022 FTSE Closed at 7361 points. Change of -0.89%. Total value traded through LSE was: £ 6,438,857,207 a change of 48.05%
26/08/2022 FTSE Closed at 7427 points. Change of -0.7%. Total value traded through LSE was: £ 4,349,079,886 a change of 12.01%
25/08/2022 FTSE Closed at 7479 points. Change of 0.11%. Total value traded through LSE was: £ 3,882,636,574 a change of -18.23%
24/08/2022 FTSE Closed at 7471 points. Change of -0.23%. Total value traded through LSE was: £ 4,748,027,124 a change of -4.63%
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:BDEV Barrett Devs** **LSE:BT.A British Telecom** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:MKS Marks and Spencer** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:RMG Royal Mail** **LSE:TW. Taylor Wimpey** **
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Updated charts published on : Barrett Devs, British Telecom, IG Group, ITM Power, Marks and Spencer, Ocado Plc, Primary Health, Royal Mail, Taylor Wimpey,
LSE:BDEV Barrett Devs Close Mid-Price: 410.1 Percentage Change: -1.23% Day High: 411.2 Day Low: 393.1
Target met. Continued weakness against BDEV taking the price below 393.1 ……..
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View Previous Barrett Devs & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 146.45 Percentage Change: + 0.27% Day High: 147.2 Day Low: 144.15
Target met. Continued weakness against BT.A taking the price below 144.15 ……..
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View Previous British Telecom & Big Picture ***
LSE:IGG IG Group. Close Mid-Price: 794.5 Percentage Change: + 0.38% Day High: 799 Day Low: 781
If IG Group experiences continued weakness below 781, it will invariably ……..
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View Previous IG Group & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 179.4 Percentage Change: -0.03% Day High: 185.9 Day Low: 177.95
In the event ITM Power experiences weakness below 177.95 it calculates wi ……..
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View Previous ITM Power & Big Picture ***
LSE:MKS Marks and Spencer Close Mid-Price: 121.25 Percentage Change: -0.37% Day High: 122.5 Day Low: 117.25
If Marks and Spencer experiences continued weakness below 117.25, it will ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 704 Percentage Change: + 2.89% Day High: 706 Day Low: 670
Weakness on Ocado Plc below 670 will invariably lead to 604 initially wit ……..
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View Previous Ocado Plc & Big Picture ***
LSE:PHP Primary Health. Close Mid-Price: 135.2 Percentage Change: + 1.96% Day High: 135.5 Day Low: 132.9
Continued weakness against PHP taking the price below 132.9 calculates as ……..
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View Previous Primary Health & Big Picture ***
LSE:RMG Royal Mail. Close Mid-Price: 259.7 Percentage Change: + 2.41% Day High: 262.3 Day Low: 251.9
In the event Royal Mail experiences weakness below 251.9 it calculates wi ……..
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View Previous Royal Mail & Big Picture ***
LSE:TW. Taylor Wimpey Close Mid-Price: 104.8 Percentage Change: -0.19% Day High: 105.25 Day Low: 101.9
In the event Taylor Wimpey experiences weakness below 101.9 it calculates ……..
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View Previous Taylor Wimpey & Big Picture ***