{"id":1161,"date":"2019-08-18T22:47:04","date_gmt":"2019-08-18T21:47:04","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=1161"},"modified":"2019-08-19T08:07:36","modified_gmt":"2019-08-19T07:07:36","slug":"banking-sector-for-19-08-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/08\/18\/banking-sector-for-19-08-2019\/","title":{"rendered":"Banking Sector for 19\/08\/2019"},"content":{"rendered":"\n

#Brent #DAX <\/strong>It’s been nearly a year since we last irritated ourselves (link) with a look at the clown farm, The Banking Sector. Unsurprisingly, it did NOT escape from trouble, it achieved our initial drop target, and now is closing (finally) on our secondary target, the point at which we hope for a rebound.<\/p>\n\n\n\n

Or will it?<\/p>\n\n\n\n

The immediate situation is of weakness below 3360 still \nindicating the potential of 3236 and hopefully a bounce but we’re pretty \nconcerned. A break below 3236 shall move the index below the long term RED \nuptrend and suggest the potential of 3078 making a guest appearance. This would \ntend be a jolly poor show as while there will be hope for a bounce as the index \nmeets the lows of 2016 and the Brexit vote, the impact of breaking the uptrend \nsince the banking crash of 2009 will easily allow a third target level to make \nan appearance, a completely absurd looking 2460.<\/p>\n\n\n\n

To be honest, it’s not as absurd as a major attraction \nbelow RED calculating at just 320 points. Obviously, an utterly silly number as \nwe can surely trust the banking system…<\/p>\n\n\n\n

In the interests of fairness, there’s quite a lot \narguing for a recoil if 3236 makes an appearance and it’s certainly getting \nclose to this target level. If any strength is indeed evident, it could bounce \nanytime soon. This being the case, movement now above 3467 should prove capable \nof a market lift to 3529 points. If exceeded, secondary calculates at 3840 and a \ncoming challenge of the downtrend since 2008. We’re not inclined to any optimism \nover this scenario, just yet.<\/p>\n\n\n\n

About the only conclusion we draw suggests some misery \nremains within the retail banking sector but there appears a chance of some \nrecovery soon. We can hope!<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n\n
\n\t

Time Issued<\/font><\/TD>

\n\t

Market<\/font><\/TD>

\n\t

Price At Issue<\/font><\/TD>

\n\t

Short Entry<\/font><\/TD>

\n\t

Fast Exit<\/font><\/TD>

\n\t

Slow Exit<\/font><\/TD>

\n\t

Stop<\/font><\/TD>

\n\t

Long Entry<\/font><\/TD>

\n\t

Fast Exit<\/font><\/TD>

\n\t

Slow Exit<\/font><\/TD>

\n\t

Stop<\/font><\/TD>

\n\t

Prior<\/font><\/TD> <\/TR>\nFUTURES<\/font><\/a>

\n\t

12:07:19PM<\/font><\/TD>

\n\t

BRENT<\/font><\/TD>

\n\t

58.43<\/font><\/TD>

\n\t

57.9<\/font><\/TD>

\n\t

56.61<\/font><\/TD>

\n\t

55.04<\/font><\/TD>

\n\t

58.75<\/font><\/TD>

\n\t

58.8<\/font><\/TD>

\n\t

59.25<\/font><\/TD>

\n\t

59.84<\/font><\/TD>

\n\t

58<\/font><\/TD>

\n\t

<\/TD> <\/TR>\n

\n\t

12:41:38PM<\/font><\/TD>

\n\t

GOLD<\/font><\/TD>

\n\t

1512.97<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n

\n\t

1:26:37PM<\/font><\/TD>

\n\t

FTSE<\/font><\/TD>

\n\t

7131.75<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

<\/TD> <\/TR>\n

\n\t

1:34:09PM<\/font><\/TD>

\n\t

FRANCE<\/font><\/TD>

\n\t

5301<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

<\/TD> <\/TR>\n

\n\t

1:36:01PM<\/font><\/TD>

\n\t

GERMANY<\/font><\/TD>

\n\t

11578.86<\/font><\/TD>

\n\t

11418<\/font><\/TD>

\n\t

11367.5<\/font><\/TD>

\n\t

11295<\/font><\/TD>

\n\t

11505<\/font><\/TD>

\n\t

11585<\/font><\/TD>

\n\t

11657<\/font><\/TD>

\n\t

11788<\/font><\/TD>

\n\t

11490<\/font><\/TD>

\n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

1:39:52PM<\/font><\/TD>

\n\t

US500<\/font><\/TD>

\n\t

2891.29<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n

\n\t

1:41:58PM<\/font><\/TD>

\n\t

DOW<\/font><\/TD>

\n\t

25918.3<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

1:46:53PM<\/font><\/TD>

\n\t

NASDAQ<\/font><\/TD>

\n\t

7602.87<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n

\n\t

1:55:55PM<\/font><\/TD>

\n\t

JAPAN<\/font><\/TD>

\n\t

20605<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n\n<\/TABLE>\n\n

16\/08\/2019 FTSE Closed at 7117 points. Change of 0.71%. Total value traded through LSE was: \u00a3 4,796,388,479 a change of -14.47%<\/h>\n","protected":false},"excerpt":{"rendered":"

#Brent #DAX It’s been nearly a year since we last irritated ourselves (link) with a look at the clown farm, The Banking Sector. Unsurprisingly, it did NOT escape from trouble, it achieved our initial drop target, and now is closing (finally) on our secondary target, the point at which we hope for a rebound. Or … <\/p>\n

Continue reading “Banking Sector for 19\/08\/2019”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1161","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/comments?post=1161"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1161\/revisions"}],"predecessor-version":[{"id":1162,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1161\/revisions\/1162"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=1161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=1161"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=1161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}