#Brent #Barclays Last week, the entire UK resounded to the sound of party poppers going off, an event strangely reminiscent of the day the nation apparently shook to the sound of church bells as news of the end of the 2nd world war erupted. Okay, perhaps the exuberance was a little more muted but Barclays share price actually did something interesting!
From our perspective, the interest doesn’t reside in the fact it achieved our 191.4p target but rather the fact the market actually permitted the share price to close Thursday very slightly above this target level. Despite a near certainty the share price shall mess around a bit at the current level, possibly even discovering an excuse to retreat to 183p with secondary, if broken, at 173p, we’d not be immediately alarmed as movements such as this just fall into the criteria of “share prices can go down and up”, rather than establishing a strong trend. In fact, should 173p make an appearance, there’s a pretty fair argument in favour of taking a Long position with a seriously tight stop as we suspect another return to the 191p level shall be on the cards.
We’re making a bit of noise about this, thanks to that Blue downtrend line on the chart. It dates back to 2007, and the end of the era when politicians still resigned when being caught with their paws in the cookie jar.
However, the adrenalin is flowing due to Barclays now achieving a fairly important Big Picture movement, one which effectively forces us to take cognisance of the long term Blue line as it allows a scenario where this retail bank finds itself in a position where a four letter word describes the future; HOPE.
Now above 194.2p should apparently prove capable of triggering share price movement to an initial 220p with our secondary, if exceeded, at a future 251p. Perhaps we are placing a lot of emphasis on a positive movement of just a couple of pence but it “feels” like the market is taking cognisance of the same trend we are, hence our efforts are crossing fingers, buying rabbits paws, and ensuring all the horse-shoes are pointing the correct way… (Nope, even Google fails to provide a straight answer for this!)
If Barclays intends a return to the days of clown school, the share price needs below 155p to justify serious concern.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 8:42:18PM | BRENT | 9058.2 | 9026 | 8989 | 8932 | 9104 | 9164 | 9175 | 9288 | 9056 |
| 8:46:24PM | GOLD | 2329 | 2321 | 2319 | 2315 | 2330 | 2332 | 2409 | 2523 | 2315 |
| 8:48:39PM | FTSE | 7918.6 | 7885 | 7873 | 7854 | 7922 | 7923 | 7931 | 7956 | 7903 |
| 8:50:40PM | STOX50 | 5016.8 | 4982 | 4966 | 4914 | 5020 | 5028 | 5039 | 5058 | 5005 |
| 8:53:51PM | GERMANY | 18181.9 | 18087 | 18077 | 17889 | 18177 | 18277 | 18299 | 18330 | 18148 |
| 9:03:50PM | US500 | 5206.7 | 5147 | 5131 | 5100 | 5199 | 5224 | 5261 | 5300 | 5188 |
| 9:06:30PM | DOW | 38924.5 | 38581 | 38470 | 38275 | 38767 | 39055 | 39288 | 39532 | 38923 |
| 9:08:39PM | NASDAQ | 18111.9 | 17863 | 17793 | 17653 | 18000 | 18213 | 18265 | 18399 | 18086 |
| 9:15:58PM | JAPAN | 39291 | 38906 | 38786 | 38587 | 39293 | 39381 | 39435 | 39660 | 39268 |
5/04/2024 FTSE Closed at 7911 points. Change of -0.8%. Total value traded through LSE was: £ 7,169,871,265 a change of 23.49%
4/04/2024 FTSE Closed at 7975 points. Change of 0.48%. Total value traded through LSE was: £ 5,806,012,925 a change of -4.14%
3/04/2024 FTSE Closed at 7937 points. Change of 0.03%. Total value traded through LSE was: £ 6,056,901,297 a change of -5.31%
2/04/2024 FTSE Closed at 7935 points. Change of -0.21%. Total value traded through LSE was: £ 6,396,592,284 a change of 13.98%
28/03/2024 FTSE Closed at 7952 points. Change of 0.26%. Total value traded through LSE was: £ 5,611,823,607 a change of -19.65%
27/03/2024 FTSE Closed at 7931 points. Change of 0.01%. Total value traded through LSE was: £ 6,984,265,081 a change of 6.21%
26/03/2024 FTSE Closed at 7930 points. Change of -100%. Total value traded through LSE was: £ 6,575,880,287 a change of 0% 
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:AFC AFC Energy** **LSE:OCDO Ocado Plc** **LSE:TERN Tern Plc** **LSE:TLW Tullow** **
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Updated charts published on : Ocado Plc, Tern Plc, Tullow,
LSE:AFC AFC Energy. Close Mid-Price: 18.14 Percentage Change: + 6.71% Day High: 17.74 Day Low: 16
This now needs above 19p to make a significant movement, giving the potent ……..
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View Previous AFC Energy & Big Picture ***
LSE:OCDO Ocado Plc Close Mid-Price: 379.7 Percentage Change: -8.99% Day High: 410.4 Day Low: 380.5
Target met. If Ocado Plc experiences continued weakness below 380.5, it w ……..
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View Previous Ocado Plc & Big Picture ***
LSE:TERN Tern Plc. Close Mid-Price: 2.85 Percentage Change: + 21.28% Day High: 2.85 Day Low: 2.3
Potentially slightly interesting, above an important 2.95 should prove cap ……..
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View Previous Tern Plc & Big Picture ***
LSE:TLW Tullow. Close Mid-Price: 34.02 Percentage Change: + 0.06% Day High: 34.58 Day Low: 33.7
Target met. Further movement against Tullow ABOVE 34.58 should improve ac ……..
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View Previous Tullow & Big Picture ***