#Brent #Dax Barclays are the definition of mixed signals currently, their share price perhaps still trying to impress upon us that the downtrend in Blue, a line which dates back to 2007 and a day when the share was worth 792p, remains a viable trend for the company. We’re focussed upon it, due once again to price movements treating this line with a degree of importance.
From our perspective, there’s a risk of Barclays turning into a “sure thing”, something we doubt due to the overall feel of the markets currently. Despite the UK FTSE remaining the worst performing market among the majors, there are very slight signs Barclays may be on the edge of doing something useful. Who knows, perhaps they are considering using Mr Farage for some sort of PR boost, an initiative which would surely create a “hold my beer” moment when compared with Nike or Budweiser. However, with Barclays share price now closing marginally above the Blue downtrend (the trend is at 161.16 at time of writing), we’re willing to present some criteria which should prove capable of provoking reasonable upward share travel.
We can calculate now above 168p should apparently trigger share price recovery to an initial 175p with our longer term secondary, if the initial is exceeded, working out at 186p along with almost certain hesitation. Our thinking about the 186p level becoming a problem is fairly straightforward. This almost matches the highs of February this year, invariably giving a bunch of folk an excuse to bail at break even. In addition, any gain will be seen as “covering the circled gap”, once again providing a reason to cash in on any rise.
And third, the share price shall once again decorate the price level experienced, before Covid-19 hit the fan.
Thus, a little collection of excuses are making themselves apparent, allegedly capable of causing some upward hesitation.
Less obvious, a little market truism. If the market comes to the conclusion a bunch of folk intend bail at the 186p, the odds grow an attempt at our 3rd level ambition of 200p shall become valid! After all, there are few things folk enjoy more than selling a share, only to watch the price gallop off into the distance.
In the event things intend go horribly wrong for Barclays, the share price needs weakness below Red (currently 136) as this threatens to trigger reversal to an initial 126 with secondary, if broken, at 116p and hopefully a bounce.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 2:13:37PM | BRENT | 8056 | 7940 | 7901 | 7832 | 8046 | 8108 | 8120 | 8160 | 8049 |
| 2:15:33PM | GOLD | |||||||||
| 2:17:29PM | FTSE | |||||||||
| 2:20:17PM | STOX50 | |||||||||
| 2:23:00PM | GERMANY | 16170.4 | 16100 | 16066 | 16025 | 16138 | 16190 | 16216 | 16258 | 16153 |
| 2:32:06PM | US500 | |||||||||
| 2:46:02PM | DOW | |||||||||
| 2:47:49PM | NASDAQ | |||||||||
| 2:50:24PM | JAPAN |
21/07/2023 FTSE Closed at 7663 points. Change of 0.22%. Total value traded through LSE was: £ 4,470,558,321 a change of -16.97%
20/07/2023 FTSE Closed at 7646 points. Change of 0.76%. Total value traded through LSE was: £ 5,384,109,244 a change of -16.08%
19/07/2023 FTSE Closed at 7588 points. Change of 1.81%. Total value traded through LSE was: £ 6,416,071,113 a change of 56.65%
18/07/2023 FTSE Closed at 7453 points. Change of 0.63%. Total value traded through LSE was: £ 4,095,812,024 a change of 3.79%
17/07/2023 FTSE Closed at 7406 points. Change of -0.38%. Total value traded through LSE was: £ 3,946,111,838 a change of 6.88%
14/07/2023 FTSE Closed at 7434 points. Change of -0.08%. Total value traded through LSE was: £ 3,691,976,999 a change of -20.65%
13/07/2023 FTSE Closed at 7440 points. Change of 0.32%. Total value traded through LSE was: £ 4,652,935,320 a change of -35.19% 
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:ASC Asos** **LSE:CNA Centrica** **LSE:FGP Firstgroup** **LSE:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:ITM ITM Power** **LSE:OCDO Ocado Plc** **
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Updated charts published on : Asos, Centrica, Firstgroup, Hargreaves Lansdown, HSBC, ITM Power, Ocado Plc,
LSE:ASC Asos Close Mid-Price: 395.5 Percentage Change: -1.12% Day High: 405 Day Low: 386.4
Target met. Continued trades against ASC with a mid-price ABOVE 405 shoul ……..
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View Previous Asos & Big Picture ***
LSE:CNA Centrica. Close Mid-Price: 126.9 Percentage Change: + 0.99% Day High: 128.6 Day Low: 125.9
Target met. Further movement against Centrica ABOVE 128.6 should improve ……..
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View Previous Centrica & Big Picture ***
LSE:FGP Firstgroup. Close Mid-Price: 149.8 Percentage Change: + 3.10% Day High: 151.2 Day Low: 145.2
Target met. Continued trades against FGP with a mid-price ABOVE 151.2 sho ……..
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View Previous Firstgroup & Big Picture ***
LSE:HL. Hargreaves Lansdown. Close Mid-Price: 927 Percentage Change: + 1.87% Day High: 944.8 Day Low: 919.4
Target met. In the event of Hargreaves Lansdown enjoying further trades b ……..
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View Previous Hargreaves Lansdown & Big Picture ***
LSE:HSBA HSBC. Close Mid-Price: 642 Percentage Change: + 0.31% Day High: 645.7 Day Low: 637.6
Target met. Further movement against HSBC ABOVE 645.7 should improve acce ……..
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View Previous HSBC & Big Picture ***
LSE:ITM ITM Power. Close Mid-Price: 95.72 Percentage Change: + 2.59% Day High: 98.8 Day Low: 92
Target met. Further movement against ITM Power ABOVE 98.8 should improve ……..
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View Previous ITM Power & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 687 Percentage Change: + 0.62% Day High: 700.2 Day Low: 681.4
In the event of Ocado Plc enjoying further trades beyond 700.2, the share ……..
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View Previous Ocado Plc & Big Picture ***