{"id":745,"date":"2019-02-11T23:06:31","date_gmt":"2019-02-11T23:06:31","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=745"},"modified":"2019-02-12T08:27:10","modified_gmt":"2019-02-12T08:27:10","slug":"trends-and-targets-for-12-02-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/02\/11\/trends-and-targets-for-12-02-2019\/","title":{"rendered":"Trends and Targets for 12\/02\/2019"},"content":{"rendered":"

Barclays Bank #Gold #SP500 <\/b><\/span> At the start of 2019, #Barclays was ‘almost’ looking interesting. We’ve commented on our in-house thinking; the Banking Sector shall prove the real barometer of Brexit prospects. If this is the case, the prospects look pretty confused presently.<\/span><\/p>\n

At present, weakness continuing below 155 looks capable of traffic down to an initial 152p, along with a probable short lived bounce. Our secondary, if (when) 152 breaks is a bottom hopefully at 148p.<\/span><\/p>\n

 <\/p>\n

As the chart below illustrates (badly due to scaling issues), should Barclays hit 148p it can expect a bounce against the Brexit vote uptrend. Quite surprisingly, this uptrend actually stretches back in time to 2009 and the shambles which was “the last crash”. This creates quite a difficult scenario as the bank share price really cannot afford closure below RED on the chart. This would be a bad thing, launching the share price into territory where some epically poor drop potentials calculate with slight rebound potentials while the Big Picture allows a bottom at 78p eventually.<\/span><\/p>\n

 <\/p>\n

Of course, as with everything, there’s a “however” and in the case of Barclays, it’s at 166p. The share price only requires trade above such a level to launch itself into a region where 172p is our initial expectation. With closure above 172p, it shall exceed a downtrend since 2008 and giving ample expectation for continued recovery to 186p and beyond.<\/span><\/p>\n

 <\/p>\n

For now, it’s messing around and we shall not be surprised to witness the price oscillate between 148 and 166 until whatever Brexit means becomes clear.<\/span><\/p>\n

<\/p>\n

 <\/p>\n

<\/a>FUTURES<\/span><\/span><\/span><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Time Issued<\/span><\/p>\n<\/td>\n

\n

Market<\/span><\/p>\n<\/td>\n

\n

Price At Issue<\/span><\/p>\n<\/td>\n

\n

Short Entry<\/span><\/p>\n<\/td>\n

\n

Fast Exit<\/span><\/p>\n<\/td>\n

\n

Slow Exit<\/span><\/p>\n<\/td>\n

\n

Stop<\/span><\/p>\n<\/td>\n

\n

Long Entry<\/span><\/p>\n<\/td>\n

\n

Fast Exit<\/span><\/p>\n<\/td>\n

\n

Slow Exit<\/span><\/p>\n<\/td>\n

\n

Stop<\/span><\/p>\n<\/td>\n

\n

Prior<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

10:02:42PM<\/span><\/p>\n<\/td>\n

\n

BRENT<\/span><\/p>\n<\/td>\n

\n

61.61<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

10:12:15PM<\/span><\/p>\n<\/td>\n

\n

GOLD<\/span><\/p>\n<\/td>\n

\n

1308.79<\/span><\/p>\n<\/td>\n

\n

1303<\/span><\/p>\n<\/td>\n

\n

1299<\/span><\/p>\n<\/td>\n

\n

1290<\/span><\/p>\n<\/td>\n

\n

1310<\/span><\/p>\n<\/td>\n

\n

1312<\/span><\/p>\n<\/td>\n

\n

1319.125<\/span><\/p>\n<\/td>\n

\n

1321.5<\/span><\/p>\n<\/td>\n

\n

1303<\/span><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

10:23:42PM<\/span><\/p>\n<\/td>\n

\n

FTSE<\/span><\/p>\n<\/td>\n

\n

7112.31<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

10:25:18PM<\/span><\/p>\n<\/td>\n

\n

FRANCE<\/span><\/p>\n<\/td>\n

\n

5014<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

‘cess<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

10:26:50PM<\/span><\/p>\n<\/td>\n

\n

GERMANY<\/span><\/p>\n<\/td>\n

\n

11009<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

10:29:08PM<\/span><\/p>\n<\/td>\n

\n

US500<\/span><\/p>\n<\/td>\n

\n

2709.27<\/span><\/p>\n<\/td>\n

\n

2700<\/span><\/p>\n<\/td>\n

\n

2693.5<\/span><\/p>\n<\/td>\n

\n

2684<\/span><\/p>\n<\/td>\n

\n

2718<\/span><\/p>\n<\/td>\n

\n

2715<\/span><\/p>\n<\/td>\n

\n

2724<\/span><\/p>\n<\/td>\n

\n

2739<\/span><\/p>\n<\/td>\n

\n

2700<\/span><\/p>\n<\/td>\n

\n

Success<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

10:30:44PM<\/span><\/p>\n<\/td>\n

\n

DOW<\/span><\/p>\n<\/td>\n

\n

25061.8<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

‘cess<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

10:32:10PM<\/span><\/p>\n<\/td>\n

\n

NASDAQ<\/span><\/p>\n<\/td>\n

\n

6907.87<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

‘cess<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

10:33:40PM<\/span><\/p>\n<\/td>\n

\n

JAPAN<\/span><\/p>\n<\/td>\n

\n

20455<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
11\/02\/2019 FTSE Closed at 7129 points. Change of 0.82%. Total value traded through LSE was: \u00a3 5,117,035,244 a change of -2.43%<\/span><\/h5>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Barclays Bank #Gold #SP500 At the start of 2019, #Barclays was ‘almost’ looking interesting. We’ve commented on our in-house thinking; the Banking Sector shall prove the real barometer of Brexit prospects. If this is the case, the prospects look pretty confused presently.<\/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-745","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/745","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=745"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/745\/revisions"}],"predecessor-version":[{"id":746,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/745\/revisions\/746"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=745"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}