#Brent #Dax
Our usual quick trawl of Google News, prior to writing about Barclays, took us down an accidental rabbit hole. Apparently there’s a politician called Steve Barclay who’s tasked with keeping NHS staff impoverished and he’s nothing to do with the bank. While considering the various stories, a similarity with the 1st and 2nd World Wars, and the Pandemic, became clear.
During times of conflict, the folk at the front line were celebrated in their home country, the media devoting constant front pages feting the devotion of those involved in the fight. This hype, used extensively to praise “front line” workers during the Pandemic, unfortunately had an identical ending to that experienced after the two major wars of the 20th century. When troops returned, the rhetoric from a grateful nation proved empty, and it’s not difficult to understand the frustration among those in the NHS who, once again, feel undervalued and underappreciated by the Government.
To be fair, personally I’m not so sure about the train drivers, suspecting they’re jumping on a bandwagon. With the UK enjoying among the highest rail fares anywhere, often coupled with truly dreadful service, there’s clearly a problem with the industry but it’s difficult to find sympathy for the dispute.
As said earlier, this was an unexpected rabbit hole and it’s time to return to Barclays!
Three weeks ago, when we covered Barclays, we expressed a scenario where movement above 160.22p should promote travel toward an initial 169p. Our trigger level has been exceeded, the share price closing above on no less than four occasions. However, subsequent price movements are proving less generous than a government negotiator at a nurses pay dispute, the highest price achieved being a parsimonious 162.8p. It’s still the case the share price needs tumble below 148p to spoil our optimism but we can refine (again) our upper target ambitions.
The situation now is of movement above 162.8p now expected to trigger travel up to an initial 169p with secondary, if beaten, now reduced to a viable looking 184p.
A contrary scenario is indicated, should Barclays share wander below 148p as reversal to an initial 145p is expected. If broken, our secondary works out at 135p and hopefully a bounce. As the chart below shows, there are quite unpleasant indications in the event 135p breaks.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 5:36:49PM | BRENT | 79.49 | 78.85 | 78.54 | 76.99 | 80.08 | 80.31 | 80.87 | 81.67 | 78.9 | |
| 5:57:32PM | GOLD | 1792.37 | |||||||||
| 6:00:09PM | FTSE | 7341 | Success | ||||||||
| 6:43:19PM | STOX50 | 3812.5 | ‘cess | ||||||||
| 6:46:14PM | GERMANY | 13911 | 13810 | 13770 | 13559 | 13903 | 14013 | 14032 | 14106 | 13957 | ‘cess |
| 6:48:28PM | US500 | 3844.77 | |||||||||
| 6:56:24PM | DOW | 32833 | ‘cess | ||||||||
| 8:04:38PM | NASDAQ | 11225.19 | |||||||||
| 8:07:53PM | JAPAN | 27337 | Success |
16/12/2022 FTSE Closed at 7332 points. Change of -1.27%. Total value traded through LSE was: £ 12,798,409,041 a change of 152.21%
15/12/2022 FTSE Closed at 7426 points. Change of -0.92%. Total value traded through LSE was: £ 5,074,557,667 a change of -3.77%
14/12/2022 FTSE Closed at 7495 points. Change of -0.09%. Total value traded through LSE was: £ 5,273,114,917 a change of -15.16%
13/12/2022 FTSE Closed at 7502 points. Change of 0.77%. Total value traded through LSE was: £ 6,215,222,839 a change of 28.4%
12/12/2022 FTSE Closed at 7445 points. Change of -0.41%. Total value traded through LSE was: £ 4,840,427,704 a change of -2.03%
9/12/2022 FTSE Closed at 7476 points. Change of 0.05%. Total value traded through LSE was: £ 4,940,691,101 a change of -3.99%
8/12/2022 FTSE Closed at 7472 points. Change of -0.23%. Total value traded through LSE was: £ 5,146,170,093 a change of -10.96%
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:AML Aston Martin** **LSE:ASC Asos** **LSE:AVCT Avacta** **LSE:CBX Cellular Goods** **LSE:CCL Carnival** **LSE:DARK Darktrace Plc** **LSE:EZJ EasyJet** **LSE:FOXT Foxtons** **LSE:IPF International Personal Finance** **LSE:RBD Reabold Resources PLC** **LSE:STAN Standard Chartered** **LSE:TLW Tullow** **LSE:TSCO Tesco** **LSE:VOD Vodafone** **
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Updated charts published on : Aston Martin, Asos, Avacta, Cellular Goods, Carnival, Darktrace Plc, EasyJet, Foxtons, International Personal Finance, Reabold Resources PLC, Standard Chartered, Tullow, Tesco, Vodafone,
LSE:AML Aston Martin. Close Mid-Price: 173.5 Percentage Change: + 2.27% Day High: 173.85 Day Low: 159.35
All Aston Martin needs are mid-price trades ABOVE 173.85 to improve accel ……..
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View Previous Aston Martin & Big Picture ***
LSE:ASC Asos. Close Mid-Price: 511 Percentage Change: + 0.10% Day High: 515.5 Day Low: 495.4
In the event Asos experiences weakness below 495.4 it calculates with a d ……..
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View Previous Asos & Big Picture ***
LSE:AVCT Avacta. Close Mid-Price: 104.1 Percentage Change: + 2.06% Day High: 104 Day Low: 99.5
Weakness on Avacta below 99.5 will invariably lead to 92 with secondary, ……..
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View Previous Avacta & Big Picture ***
LSE:CBX Cellular Goods Close Mid-Price: 0.95 Percentage Change: -7.32% Day High: 1.02 Day Low: 0.95
In the event Cellular Goods experiences weakness below 0.95 it calculates ……..
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View Previous Cellular Goods & Big Picture ***
LSE:CCL Carnival Close Mid-Price: 613 Percentage Change: -1.19% Day High: 623.8 Day Low: 606
If Carnival experiences continued weakness below 606, it will invariably ……..
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View Previous Carnival & Big Picture ***
LSE:DARK Darktrace Plc Close Mid-Price: 279 Percentage Change: -1.41% Day High: 289.4 Day Low: 268.6
Target met. Weakness on Darktrace Plc below 268.6 will invariably lead to ……..
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View Previous Darktrace Plc & Big Picture ***
LSE:EZJ EasyJet Close Mid-Price: 351.3 Percentage Change: -4.28% Day High: 365.1 Day Low: 351.3
Continued weakness against EZJ taking the price below 351.3 calculates as ……..
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View Previous EasyJet & Big Picture ***
LSE:FOXT Foxtons Close Mid-Price: 29.45 Percentage Change: -4.07% Day High: 30.7 Day Low: 29
Weakness on Foxtons below 29 will invariably lead to 28 with secondary, i ……..
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View Previous Foxtons & Big Picture ***
LSE:IPF International Personal Finance Close Mid-Price: 64.4 Percentage Change: -9.42% Day High: 70.9 Day Low: 65
Target met. Continued weakness against IPF taking the price below 65 calc ……..
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View Previous International Personal Finance & Big Picture ***
LSE:RBD Reabold Resources PLC Close Mid-Price: 0.2 Percentage Change: -4.65% Day High: 0.22 Day Low: 0.2
Target met. In the event Reabold Resources PLC experiences weakness below ……..
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View Previous Reabold Resources PLC & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 616.8 Percentage Change: + 2.02% Day High: 618.6 Day Low: 605.6
In the event of Standard Chartered enjoying further trades beyond 618.6, ……..
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View Previous Standard Chartered & Big Picture ***
LSE:TLW Tullow Close Mid-Price: 34.96 Percentage Change: -2.07% Day High: 35.68 Day Low: 34.3
Target met. Continued weakness against TLW taking the price below 34.3 ca ……..
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View Previous Tullow & Big Picture ***
LSE:TSCO Tesco Close Mid-Price: 222.3 Percentage Change: -0.54% Day High: 225.7 Day Low: 220
If Tesco experiences continued weakness below 220, it will invariably lea ……..
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View Previous Tesco & Big Picture ***
LSE:VOD Vodafone Close Mid-Price: 83.76 Percentage Change: -2.58% Day High: 85.94 Day Low: 83.25
Weakness on Vodafone below 83.25 will invariably lead to 80 with secondar ……..
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View Previous Vodafone & Big Picture ***