#Brent #Dax When Bob Dylan wrote the line; “Speeding like a tumblin’ bullet through a hot New Jersey night.”, personally I thought it’s a bit daft as no sane person would shoot a gun without certainty of achieving target. We’ve a big rule locally; any animal on the shooting range makes it a no fire zone. It’s quite a bit deal, and sometimes disruptive due to red squirrel, deer, wood pigeon all finding it hilarious to parade in front of a frustrated shooter. Using the gas powered rifle to assassinate a crow or fat pigeon is a big no no. This is quite a big deal from a personal perspective, designed to keep the range safe and also, so assuage a personal hatred of needlessly killing animals.
Obviously, this personal hysteria dwindles when fishing, as locally, a fish called mackerel appear anxious to be caught. It’s genuinely not unusual to catch more than four of the things at a time but personally, taking more than 20 of the things home is silly as we run out of freezer space. But something funny happened in the garden this weekend while I was fussing with the little red tractor. A movement caught my eye as a large grey coloured rat emerged from below a log shelter.
For every rule, there are exceptions and it transpires rats are my own line in the sand. With indecent haste, after unlocking the gun cabinet, charging the rifle, loading a magazine, the transformation to sharp shooter was complete, sitting on the tractor while watching for the rat to make another appearance.
What the animal didn’t know was years of patience watching the UK’s retail bank sector had provided sufficient reserves of boredom, just waiting for something to happen. In the case of the garden rat, it remained out of sight but the camera which once scanned the front of the house now is positioned at the rear, my phone impatiently waiting for an alert from the movement sensor. Meanwhile, my wife bought some rat poison as she’s working on the basis I shall be too squeamish to pull the trigger, if the monster appears.
To get out of their immediate mess, Barclays share price needs close a session above 139p as this should rather neatly eradicate the reversal potentials. Closure above 139p should make surprise recovery to an initial 147p possible with secondary, if exceeded, at 161p and some probable hesitation, judging by the share price history at such a level. Future closure above 161p shall be viewed as quite a big deal, carrying an expectation of share price recovery to 181p and beyond. In the event the market discovers an excuse to gap Barclays up above Blue on the chart, this is almost certain to be a big deal for the longer term as it’s liable to be an early shot signalling proper price recovery.
Of course, we’ve an alternate argument, one which is quite painful. Movement now wandering below 129p risks promoting the concept of reversal to an initial 119p with secondary, if broken, at 116p. The proximity of these target levels tends suggest a share price bounce shall be possible, especially as any movement below 116p calculates with an eventual bottom potential at 100p.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 10:04:12PM | BRENT | 8508 | 8438 | 8394 | 8273 | 8541 | 8675 | 8714 | 8806 | 8552 |
| 10:06:09PM | GOLD | 1992.72 | ||||||||
| 10:12:37PM | FTSE | 7406.04 | ||||||||
| 10:15:05PM | STOX50 | 4180.6 | ||||||||
| 7:29:39PM | GERMANY | 15199 | 15146 | 15105 | 15049 | 15215 | 15273 | 15364 | 15624 | 15146 |
| 7:36:39PM | US500 | 4360.53 | ||||||||
| 7:40:43PM | DOW | 34063 | ||||||||
| 7:46:08PM | NASDAQ | 15106 | ||||||||
| 7:52:24PM | JAPAN | 32738 |
3/11/2023 FTSE Closed at 7417 points. Change of -0.39%. Total value traded through LSE was: £ 4,785,653,725 a change of -23.42%
2/11/2023 FTSE Closed at 7446 points. Change of 1.42%. Total value traded through LSE was: £ 6,249,429,649 a change of 34.92%
1/11/2023 FTSE Closed at 7342 points. Change of 0.29%. Total value traded through LSE was: £ 4,632,018,053 a change of -20.08%
31/10/2023 FTSE Closed at 7321 points. Change of -0.08%. Total value traded through LSE was: £ 5,795,517,732 a change of 15.68%
30/10/2023 FTSE Closed at 7327 points. Change of 0.49%. Total value traded through LSE was: £ 5,010,011,648 a change of 25.72%
27/10/2023 FTSE Closed at 7291 points. Change of -0.86%. Total value traded through LSE was: £ 3,985,095,310 a change of -23.59%
26/10/2023 FTSE Closed at 7354 points. Change of -0.81%. Total value traded through LSE was: £ 5,215,729,676 a change of -2.48%
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:AZN Astrazeneca** **LSE:BDEV Barrett Devs** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CPI Capita** **LSE:FGP Firstgroup** **LSE:IAG British Airways** **LSE:OCDO Ocado Plc** **LSE:SPT Spirent Comms** **
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Updated charts published on : Astrazeneca, Barrett Devs, British Telecom, Carclo, Capita, Firstgroup, British Airways, Ocado Plc, Spirent Comms,
LSE:AZN Astrazeneca Close Mid-Price: 10270 Percentage Change: -0.89% Day High: 10364 Day Low: 10162
If Astrazeneca experiences continued weakness below 10162, it will invari ……..
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View Previous Astrazeneca & Big Picture ***
LSE:BDEV Barrett Devs. Close Mid-Price: 442.4 Percentage Change: + 2.31% Day High: 447.4 Day Low: 431.4
All Barrett Devs needs are mid-price trades ABOVE 447.4 to improve accele ……..
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LSE:BT.A British Telecom. Close Mid-Price: 124.15 Percentage Change: + 5.70% Day High: 123.85 Day Low: 116.7
Continued trades against BT.A with a mid-price ABOVE 123.85 should improv ……..
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View Previous British Telecom & Big Picture ***
LSE:CAR Carclo Close Mid-Price: 10.15 Percentage Change: -0.98% Day High: 10.9 Day Low: 9.5
Weakness on Carclo below 9.5 will invariably lead to 9.25 with secondary, ……..
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View Previous Carclo & Big Picture ***
LSE:CPI Capita. Close Mid-Price: 17.77 Percentage Change: + 3.01% Day High: 18.25 Day Low: 17
All Capita needs are mid-price trades ABOVE 18.25 to improve acceleration ……..
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LSE:FGP Firstgroup Close Mid-Price: 162.6 Percentage Change: -0.37% Day High: 164.4 Day Low: 160
Continued trades against FGP with a mid-price ABOVE 164.4 should improve ……..
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View Previous Firstgroup & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 150.45 Percentage Change: + 1.86% Day High: 151.7 Day Low: 147.85
Further movement against British Airways ABOVE 151.7 should improve acce ……..
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View Previous British Airways & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 542.2 Percentage Change: + 6.48% Day High: 571.4 Day Low: 508.2
In the event of Ocado Plc enjoying further trades beyond 571.4, the share ……..
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View Previous Ocado Plc & Big Picture ***
LSE:SPT Spirent Comms. Close Mid-Price: 100.9 Percentage Change: + 2.96% Day High: 102.1 Day Low: 98.05
Continued trades against SPT with a mid-price ABOVE 102.1 should improve ……..
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View Previous Spirent Comms & Big Picture ***