#Brent #Germany It’s not often you get to prove to your wife that you’re not a fruitcake but on Saturday night a miracle happened. At 9pm, outside and looking at the sky, there were three stars in a neat row, a formation which had no business being in the sky at that time of night. Due to repeated inept attempts to catch recent Borealis, somehow I’d become aware of what to expect and for a change, I called my wife to come look at the strange lineup. Needless to say, neither of us brought a camera. She came outside, started to become irritated at the sub-zero temperature but finally understood which line of stars we were looking at.
Suddenly, the “middle” star moved, heading in the direction of the southern one, then reversed, moving at the sort of speed expected when the International Space Station meanders through the night sky. Abruptly, it changed direction, moving off at an angle at an even higher speed, then suddenly accelerated north and vanished from sight at stunning speed in utter silence. My wife forgot the cold, asking instead “what the heck was that?” We returned indoors, I explained what it couldn’t have been, conceding a loss to explain what we’d just watched, something unidentified. And just to confirm, a check of one of the aircraft radar sites showed nothing was in the sky. We’d officially watched something “Unidentified”. And to give a polite cough, it was also above Europe’s Top Secret nuclear arms dump here in Argyll which will probably be making conspiracy theorists detonate.
For a change, our leader article actually relates to our discussion topic, mystery signs which simply cannot be clearly identified. Barclays keeps showing optimistic signals, suggesting the share price might actually move in a positive direction. Maybe like our unidentified light in the sky, it simply needs sufficient numbers of folk to believe in it…
Our latest “positive signal” for Barclays comes from the point at which the share price closed the session on Friday 11th October. By closing at 235.85p, the share price managed to close above a downtrend which dates back to a silly sounding February 2007. When we extrapolate on this particular trend line, on Friday it needed to close above 235.229p and by a less than impressive 0.3p, this feat was achieved. Perhaps it’s meaningless, perhaps it’s the case the market is conceding this share price could actually become useful.
Currently, we shall be inclined to take movements above 241.65, the prior high before the trend was exceeded, at holding the potential of triggering share price shuffles toward an initial 255p with our longer term secondary, if this initial is exceeded, calculating at a future 316p. To judge by historical behaviour, we shall not be surprised if the 316p level experiences some hesitation.
Should things intend go wrong, Barclays share price needs diminish below 216 to cause trouble, risking promoting reversal to 194 with our secondary, if broken, at an eventual 162p. We do have a suspicion, if such messy reversals are triggered, we would hope to see the share price bounce well before our secondary target at 162p, ideally around 180p.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 3:11:48AM | BRENT | 7878 | 7732 | 7669 | 7570 | 7968 | 7968 | 8138 | 8347 | 7856 |
| 11:19:31PM | GOLD | 2656.68 | 2651 | |||||||
| 11:24:05PM | FTSE | 8256.4 | 8247 | |||||||
| 11:25:57PM | STOX50 | 4999 | 4994 | |||||||
| 11:28:11PM | GERMANY | 19352.9 | 19174 | 19103 | 19004 | 19266 | 19402 | 19449 | 19630 | 19346 |
| 11:39:36PM | US500 | 5812 | 5800 | |||||||
| 11:43:46PM | DOW | 42847.2 | 42700 | |||||||
| 11:45:34PM | NASDAQ | 20261.1 | 20227 | |||||||
| 11:47:20PM | JAPAN | 39725 | 39690 |
11/10/2024 FTSE Closed at 8253 points. Change of 0.19%. Total value traded through LSE was: £ 4,151,259,780 a change of -12.55%
10/10/2024 FTSE Closed at 8237 points. Change of -0.07%. Total value traded through LSE was: £ 4,747,138,967 a change of 12.51%
9/10/2024 FTSE Closed at 8243 points. Change of 0.65%. Total value traded through LSE was: £ 4,219,173,545 a change of -36.61%
8/10/2024 FTSE Closed at 8190 points. Change of -1.36%. Total value traded through LSE was: £ 6,655,496,813 a change of 41.95%
7/10/2024 FTSE Closed at 8303 points. Change of 0.28%. Total value traded through LSE was: £ 4,688,627,065 a change of -10.63%
4/10/2024 FTSE Closed at 8280 points. Change of -0.02%. Total value traded through LSE was: £ 5,246,156,906 a change of -2.97%
3/10/2024 FTSE Closed at 8282 points. Change of -0.1%. Total value traded through LSE was: £ 5,406,589,998 a change of 0.25% 
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:CCL Carnival** **LSE:CPI Capita** **LSE:ECO ECO (Atlantic) O & G** **LSE:FGP Firstgroup** **LSE:FRES Fresnillo** **LSE:ITM ITM Power** **LSE:OXIG Oxford Instruments** **LSE:RR. Rolls Royce** **
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Updated charts published on : Carnival, Capita, ECO (Atlantic) O & G, Firstgroup, Fresnillo, ITM Power, Oxford Instruments, Rolls Royce,
LSE:CCL Carnival. Close Mid-Price: 1446 Percentage Change: + 1.83% Day High: 1446.5 Day Low: 1411
All Carnival needs are mid-price trades ABOVE 1446.5 to improve accelerat ……..
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View Previous Carnival & Big Picture ***
LSE:CPI Capita. Close Mid-Price: 20.95 Percentage Change: + 2.70% Day High: 21.25 Day Low: 20.4
Continued trades against CPI with a mid-price ABOVE 21.25 should improve ……..
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View Previous Capita & Big Picture ***
LSE:ECO ECO (Atlantic) O & G Close Mid-Price: 10 Percentage Change: -5.66% Day High: 10.62 Day Low: 10.12
Continued weakness against ECO taking the price below 10.12 calculates as ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:FGP Firstgroup Close Mid-Price: 137.4 Percentage Change: -0.07% Day High: 138 Day Low: 135.8
Target met. Weakness on Firstgroup below 135.8 will invariably lead to 12 ……..
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View Previous Firstgroup & Big Picture ***
LSE:FRES Fresnillo. Close Mid-Price: 663.5 Percentage Change: + 1.45% Day High: 666.5 Day Low: 656
Target met. In the event of Fresnillo enjoying further trades beyond 666. ……..
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View Previous Fresnillo & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 45.94 Percentage Change: -3.69% Day High: 48.86 Day Low: 45.4
Continued weakness against ITM taking the price below 45.4 calculates as ……..
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View Previous ITM Power & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 1970 Percentage Change: + 1.13% Day High: 2040 Day Low: 1932
Weakness on Oxford Instruments below 1932 will invariably lead to 1853p w ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 537.2 Percentage Change: + 1.36% Day High: 535.8 Day Low: 523
All Rolls Royce needs are mid-price trades ABOVE 535.8 to improve acceler ……..
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View Previous Rolls Royce & Big Picture ***