#Brent #Dax One of our favourite metrics ranks alongside “how long is a bit of string” but perhaps it shall prove more meaningful as time goes by. Barclays share price
has exceeded its price level, prior to the pandemic reversal but more importantly, it is doing it above a Blue downtrend which dates back to 2007. Impressively, the share price has continued to accelerate despite a 25% drop in profits in Q1 of this year, thanks to the Bank of England adhering to its dodgy interest rate policies. Adhering to high rates ‘cos everyone else is doing it, lacks a single iota of economic sense. A logical suspicion is of the first central bank crumbling and deciding to reduce rates shall be followed by a stampede and a race to the bottom, countries everywhere desperature to alleviate pressure on business.
The immediate situation for Barclays remains quite flamboyant as movement continuing above 207p now calculates with the potential of a lift to 210p next with our secondary, if bettered, now at a significant 221p. This secondary should prove important as it affords the bank share price the opportunity to close a session above its high from 2022 of 219p. From our perspective, this shall be viewed as quite a bit deal, confirming the share price is existing in a zone where a long term attraction calculates as coming from a distant looking 291p.
Should Barclays somehow discover a banana skin to slip on, below 188p risks providing the first real early warning signal as this risks pushing reversal down to an initial 173p with our secondary, if broken, a substantially less likely visit to 148p.
For now, we remain optimistic over the future for Barclays. Thankfully, there’s nothing dangerous happening in the world capable of derailing things and no important elections coming up, where politicians risk feeding a hungry media their usual load of rubbish…
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 8:42:15PM | BRENT | 8805.7 | 8763 | 8740 | 8700 | 8816 | 8835 | 8864 | 8898 | 8800 |
| 8:44:33PM | GOLD | 2337.52 | 2330 | 2318 | 2307 | 2341 | 2353 | 2359 | 2369 | 2337 |
| 8:47:05PM | FTSE | 8152 | 8103 | 8076 | 8046 | 8125 | 8166 | 8176 | 8187 | 8136 |
| 8:52:15PM | STOX50 | 5011.7 | 4954 | 4944 | 4918 | 5006 | 5022 | 5035 | 5080 | 5002 |
| 8:54:26PM | GERMANY | 18173 | 17962 | 17862 | 17748 | 18042 | 18204 | 18222 | 18364 | 18147 |
| 8:56:42PM | US500 | 5099.3 | 5074 | 5066 | 5050 | 5099 | 5114 | 5125 | 5170 | 5086 |
| 8:59:17PM | DOW | 38260 | 38051 | 37981 | 37862 | 38180 | 38340 | 38533 | 38794 | 38141 |
| 9:01:49PM | NASDAQ | 17706.3 | 17544 | 17511 | 17423 | 17650 | 17775 | 17800 | 17837 | 17688 |
| 9:55:41PM | JAPAN | 38338 | 37696 | 37621 | 37362 | 38005 | 38398 | 38455 | 38900 | 38269 |
26/04/2024 FTSE Closed at 8139 points. Change of 0.76%. Total value traded through LSE was: £ 5,195,337,438 a change of -32.25%
25/04/2024 FTSE Closed at 8078 points. Change of 0.47%. Total value traded through LSE was: £ 7,668,407,153 a change of -4.61%
24/04/2024 FTSE Closed at 8040 points. Change of -0.05%. Total value traded through LSE was: £ 8,038,861,258 a change of 24.9%
23/04/2024 FTSE Closed at 8044 points. Change of 0.26%. Total value traded through LSE was: £ 6,436,213,150 a change of 18.32%
22/04/2024 FTSE Closed at 8023 points. Change of 1.62%. Total value traded through LSE was: £ 5,439,622,583 a change of -22.9%
19/04/2024 FTSE Closed at 7895 points. Change of 0.23%. Total value traded through LSE was: £ 7,055,208,688 a change of 7.7%
18/04/2024 FTSE Closed at 7877 points. Change of 0.38%. Total value traded through LSE was: £ 6,551,072,926 a change of 27.48% 
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:AAL Anglo American** **LSE:AZN Astrazeneca** **LSE:DARK Darktrace Plc** **LSE:NWG Natwest** **LSE:SCLP Scancell** **
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Updated charts published on : Anglo American, Astrazeneca, Darktrace Plc, Natwest, Scancell,
LSE:AAL Anglo American. Close Mid-Price: 2643 Percentage Change: + 3.24% Day High: 2721 Day Low: 2518.5
In the event of Anglo American enjoying further trades beyond 2721, the s ……..
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View Previous Anglo American & Big Picture ***
LSE:AZN Astrazeneca Close Mid-Price: 11988 Percentage Change: -0.32% Day High: 12144 Day Low: 11882
Further movement against Astrazeneca ABOVE 12144 should improve accelerat ……..
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View Previous Astrazeneca & Big Picture ***
LSE:DARK Darktrace Plc. Close Mid-Price: 602 Percentage Change: + 16.44% Day High: 624 Day Low: 512.4
Target met. In the event of Darktrace Plc enjoying further trades beyond ……..
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View Previous Darktrace Plc & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 307.4 Percentage Change: + 6.07% Day High: 308.7 Day Low: 295.5
Target met. Continued trades against NWG with a mid-price ABOVE 308.7 sho ……..
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View Previous Natwest & Big Picture ***
LSE:SCLP Scancell. Close Mid-Price: 9.6 Percentage Change: + 0.00% Day High: 9.6 Day Low: 9.38
Target met. Continued weakness against SCLP taking the price below 9.38 c ……..
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View Previous Scancell & Big Picture ***