#ClarksonsFarm #BrentCude We were watching the Grand Prix from Italy on Sunday, when my wife had the genius suggestion of watching paint dry rather than view the boring race. Obviously, the only thing slower than paint drying is life on a farm, so we opted to catch the new episodes of Clarkson’s Farm. As with the previous series, it proved impossible to watch just a single episode. Instead, Jeremy Clarkson drew us in with the pair of us binge watching 4 hours of Diddly Squat farm. It took the 4th episode with the piglets for my wife to call time, unable to cope with the constant sadness of economics versus animal lives. However, the genius butcher delivering pork sausages said it best; “You get to love them twice, first when they’re alive and again, when you get to sell the meat!”
We’ve saved the next 4 episodes of Clarkson’s Farm for next weekend, when we doubtless give up on watching the procession of the Monaco Grand Prix. Quite why the organisers don’t run qualifying on both the Saturday and Sunday remains a puzzle as it’s the one track where “racing” has become virtually impossible, a background drone to the endless corporate events which dominate the weekend.
This, oddly, has quite a lot to do with Barclays. Back in January 2022, the share price closed a session at 217.1p. Last week, it managed to close Tuesday at 217.2p, officially a higher high. Similar to motor racing, this 0.1p difference can prove significant. A difference of 0.1 of a second in qualifying can make all of the difference, whereas during a race, it often doesn’t matter if the car behind is a little bit faster during a single lap as the only thing which counts is the ability to pass the car in front, something almost impossible at Monaco. We find, constantly, the biggest sane indicator on the stock market will be a share price actually closing higher, rather than simply trading higher during a session.
And Barclays, thankfully, by 1/10th of a penny have achieved this. As a result, we’re supposed to continue oozing optimism for this retail bank share.
The immediate situation now suggests movement above 218p should make an attempt at 223.6p with our longer term secondary, if bettered, at 246.6p. All things considered, it makes a lot of visual sense and hopefully world events don’t throw a spanner in the works.
Should Barclays share price opt to treat investors with similar motherly instincts given by Mr Clarkstons pigs to their piglets, below 195p looks like it could be troubling, risking promoting reversal to an initial 181 with secondary, f broken, at a hopeful bottom of 164p.
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FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 1:32:46AM | BRENT | 8378.2 | 8226 | 8094 | 7733 | 8346 | 8398 | 8425 | 8473 | 8294 |
| 1:37:10AM | GOLD | 2414.39 | ||||||||
| 1:41:44AM | FTSE | 8430.9 | ||||||||
| 1:45:21AM | STOX50 | 5069.9 | ||||||||
| 10:44:54PM | GERMANY | 18719.7 | 18625 | 18553 | 18466 | 18705 | 18733 | 18800 | 19080 | 18677 |
| 10:49:28PM | US500 | 5305.4 | ||||||||
| 10:51:20PM | DOW | 40000.5 | ||||||||
| 10:53:36PM | NASDAQ | 18544.5 | ||||||||
| 10:55:42PM | JAPAN | 38664 |
17/05/2024 FTSE Closed at 8420 points. Change of -0.21%. Total value traded through LSE was: £ 5,762,302,042 a change of 1.63%
16/05/2024 FTSE Closed at 8438 points. Change of -0.08%. Total value traded through LSE was: £ 5,669,902,118 a change of -17.37%
15/05/2024 FTSE Closed at 8445 points. Change of 0.2%. Total value traded through LSE was: £ 6,861,663,966 a change of 1.88%
14/05/2024 FTSE Closed at 8428 points. Change of 0.17%. Total value traded through LSE was: £ 6,735,233,272 a change of 43.21%
13/05/2024 FTSE Closed at 8414 points. Change of -0.23%. Total value traded through LSE was: £ 4,703,191,844 a change of -3.6%
10/05/2024 FTSE Closed at 8433 points. Change of 0.62%. Total value traded through LSE was: £ 4,878,616,617 a change of -3.08%
9/05/2024 FTSE Closed at 8381 points. Change of 0.32%. Total value traded through LSE was: £ 5,033,811,028 a change of -35.46% 
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:AVCT Avacta** **LSE:FRES Fresnillo** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:LLOY Lloyds Grp.** **
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Updated charts published on : Avacta, Fresnillo, IG Group, IQE, Lloyds Grp.,
LSE:AVCT Avacta Close Mid-Price: 43.25 Percentage Change: -0.57% Day High: 43.5 Day Low: 42.5
If Avacta experiences continued weakness below 42.5, it will invariably l ……..
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View Previous Avacta & Big Picture ***
LSE:FRES Fresnillo. Close Mid-Price: 615 Percentage Change: + 3.36% Day High: 625.5 Day Low: 591.5
Target met. All Fresnillo needs are mid-price trades ABOVE 625.5 to impro ……..
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View Previous Fresnillo & Big Picture ***
LSE:IGG IG Group. Close Mid-Price: 799.5 Percentage Change: + 1.01% Day High: 796.5 Day Low: 787.5
All IG Group needs are mid-price trades ABOVE 796.5 to improve accelerati ……..
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View Previous IG Group & Big Picture ***
LSE:IQE IQE. Close Mid-Price: 33.5 Percentage Change: + 3.88% Day High: 34.25 Day Low: 32.35
Target met. All IQE needs are mid-price trades ABOVE 34.25 to improve acc ……..
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View Previous IQE & Big Picture ***
LSE:LLOY Lloyds Grp.. Close Mid-Price: 55.52 Percentage Change: + 0.91% Day High: 55.56 Day Low: 54.96
Continued trades against LLOY with a mid-price ABOVE 55.56 should improve ……..
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View Previous Lloyds Grp. & Big Picture ***