#Brent #Stoxx50
With “I’m a Celebrity” back on TV, sadly missing from our screens during the last 3 Prime Ministers, the UK government must be hoping for a respite from bad headlines despite one of their number feeding at the Australian trough as part of the show. However, there’s now another facet of life which may detract from political incompetence in the weeks ahead, unusual optimism!
Barclays share price has done the unthinkable. It has finally closed a session above the level of trend break back in September (151.54p) making the likelihood of sharp reversal quite a difficult stance to defend. To be honest, we’re fairly hopeful for the share price to start doing something useful in the weeks ahead.
The immediate situation allows for movement next above 155p to make an attempt at an initial 160p. Our secondary target, if the initial is exceeded, works out at a visually sane ambition of 169p. A glance at the charts suggests the potential of some hesitation around the 169p level, if only due to the series of four attempts at this level during this year. It’s important to point out share price closure above the 169p level shall prove especially important for the longer term as a future lunge in the direction of 192p calculates as especially confident.
Should Barclays once again intend test the buttock clenching powers of traders, the share price needs execute a tumble below 146p to tick the first box marked “Trouble” as this risks provoking reversal to an initial 140p. Below this level, things get hairier than a Bushmaster Trial as a future secondary of 123p works out as possible.
For now, maybe it’s playing a game of “I’m a Reasonable Share Price, Get Up there”…
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 5:13:30PM | BRENT | 98.43 | 94.92 | 94.56 | 93.24 | 96.8 | 98.59 | 99.29 | 100.91 | 96.54 |
| 5:15:27PM | GOLD | 1681 | ||||||||
| 5:19:15PM | FTSE | 7347.48 | ||||||||
| 5:21:10PM | STOX50 | 3698.8 | 3651 | 3633 | 3607 | 3675 | 3712 | 3721 | 3744 | 3680 |
| 5:23:22PM | GERMANY | 13491.25 | ||||||||
| 5:25:03PM | US500 | 3769.28 | ||||||||
| 5:27:04PM | DOW | 32399 | ||||||||
| 5:57:51PM | NASDAQ | 10852.2 | ||||||||
| 5:59:42PM | JAPAN | 27492 |
4/11/2022 FTSE Closed at 7334 points. Change of 2.03%. Total value traded through LSE was: £ 5,280,778,356 a change of 17.81%
3/11/2022 FTSE Closed at 7188 points. Change of 0.62%. Total value traded through LSE was: £ 4,482,607,171 a change of -6.53%
2/11/2022 FTSE Closed at 7144 points. Change of -0.58%. Total value traded through LSE was: £ 4,796,024,351 a change of -6.77%
1/11/2022 FTSE Closed at 7186 points. Change of 1.3%. Total value traded through LSE was: £ 5,144,430,090 a change of -18.4%
31/10/2022 FTSE Closed at 7094 points. Change of 0.67%. Total value traded through LSE was: £ 6,304,594,565 a change of 56.13%
28/10/2022 FTSE Closed at 7047 points. Change of -0.37%. Total value traded through LSE was: £ 4,038,109,035 a change of -18.02%
27/10/2022 FTSE Closed at 7073 points. Change of 0.24%. Total value traded through LSE was: £ 4,925,692,743 a change of -22.87%
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:AGM Applied Graphene** **LSE:AML Aston Martin** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:BP. BP PLC** **LSE:CASP Caspian** **LSE:ECO ECO (Atlantic) O & G** **LSE:GLEN Glencore Xstra** **LSE:IAG British Airways** **LSE:IHG Intercontinental Hotels Group** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:RR. Rolls Royce** **LSE:SCLP Scancell** **LSE:TLW Tullow** **
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Updated charts published on : Applied Graphene, Aston Martin, Barclays, Barrett Devs, BP PLC, Caspian, ECO (Atlantic) O & G, Glencore Xstra, British Airways, Intercontinental Hotels Group, Just Eat, Marks and Spencer, National Glib, Rolls Royce, Scancell, Tullow,
LSE:AGM Applied Graphene Close Mid-Price: 12.25 Percentage Change: -2.00% Day High: 12.5 Day Low: 12.25
If Applied Graphene experiences continued weakness below 12.25, it will i ……..
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View Previous Applied Graphene & Big Picture ***
LSE:AML Aston Martin. Close Mid-Price: 111.95 Percentage Change: + 6.62% Day High: 114.3 Day Low: 103.45
In the event of Aston Martin enjoying further trades beyond 114.3, the sh ……..
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View Previous Aston Martin & Big Picture ***
LSE:BARC Barclays. Close Mid-Price: 153.52 Percentage Change: + 2.68% Day High: 154.52 Day Low: 150.38
All Barclays needs are mid-price trades ABOVE 154.52 to improve accelerat ……..
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View Previous Barclays & Big Picture ***
LSE:BDEV Barrett Devs. Close Mid-Price: 388.6 Percentage Change: + 2.42% Day High: 390.1 Day Low: 377.3
Further movement against Barrett Devs ABOVE 390.1 should improve accelera ……..
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View Previous Barrett Devs & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 499.95 Percentage Change: + 1.31% Day High: 504.4 Day Low: 493
Target met. Further movement against BP PLC ABOVE 504.4 should improve ac ……..
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View Previous BP PLC & Big Picture ***
LSE:CASP Caspian. Close Mid-Price: 3.6 Percentage Change: + 44.00% Day High: 4 Day Low: 2.6
Despite an interesting day, this managed to remain dodgy. The only good ne ……..
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View Previous Caspian & Big Picture ***
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 40.8 Percentage Change: + 3.03% Day High: 42 Day Low: 39.75
All ECO (Atlantic) O & G needs are mid-price trades ABOVE 42 to improve a ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:GLEN Glencore Xstra. Close Mid-Price: 532 Percentage Change: + 2.50% Day High: 548.2 Day Low: 529.1
Target met. All Glencore Xstra needs are mid-price trades ABOVE 548.2 to ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 124.98 Percentage Change: + 0.94% Day High: 126.64 Day Low: 123.96
Target met. Further movement against British Airways ABOVE 126.64 should ……..
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View Previous British Airways & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4789 Percentage Change: + 1.55% Day High: 4851 Day Low: 4691
In the event of Intercontinental Hotels Group enjoying further trades bey ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:JET Just Eat. Close Mid-Price: 1748.2 Percentage Change: + 16.39% Day High: 1755 Day Low: 1533
Target met. All Just Eat needs are mid-price trades ABOVE 1755 to improve ……..
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View Previous Just Eat & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 112.65 Percentage Change: + 2.78% Day High: 113.6 Day Low: 109.15
Continued trades against MKS with a mid-price ABOVE 113.6 should improve ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 967.4 Percentage Change: + 0.39% Day High: 975 Day Low: 958.6
Further movement against National Glib ABOVE 975 should improve accelerat ……..
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View Previous National Glib & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 85.11 Percentage Change: + 6.18% Day High: 85.52 Day Low: 80.58
Target met. In the event of Rolls Royce enjoying further trades beyond 85 ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SCLP Scancell. Close Mid-Price: 19.12 Percentage Change: + 2.68% Day High: 19.5 Day Low: 18.62
Further movement against Scancell ABOVE 19.5 should improve acceleration ……..
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View Previous Scancell & Big Picture ***
LSE:TLW Tullow. Close Mid-Price: 48.36 Percentage Change: + 5.73% Day High: 48.74 Day Low: 45.56
All Tullow needs are mid-price trades ABOVE 48.74 to improve acceleration ……..
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View Previous Tullow & Big Picture ***