As we’d hoped, the Spanish Grand Prix indeed provided an entertaining race and the new(ish) guy – Antonelli- delivered a race which must make Verstappen realise he’ll never be one of the “greats”, unable to equal or beat the Schumacher & Hamilton count of victories. Perversely, this is liable to produce more entertainment in future races as Verstappen rarely performs fairly when under pressure. But Barclays bank shares are certainly showing considerable cool, despite the pressure of its Blue downtrend since 2007, a trend line which has no business in effecting share prices, aside from the fact it clearly is.
The most recent three weeks has seen Barclays share price adhere to the Blue line as if it were important! This is proving a little confusing as the chart extract below highlights.
This 19 year trend line shuffle is a bit mad but, if we apply our conventional criteria, it’s apparently the share were future weakness below 484p now risks triggering reversal to an initial 475p with our secondary, if broken, a potential bottom of 453p. Hopefully achieving such a level shall also prove capable of generating a bounce.
But on a brighter note, above 500p should now trigger gains to an initial 512p with our secondary, if exceeded, calculating at a future 525p and almost certain hesitation. Things shall only become exciting in the event the share closes above 525p, strongly suggesting a breakaway from “safe” harbour of the Blue trend line has commenced as a future ambition at 564p has commenced.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 10:44:12PM | BRENT | 10265 | 10171 | 10032 | 9781 | 10330 | 10794 | 11176 | 11767 | 9836 |
| 10:47:30PM | GOLD | 4347.61 | 4333 | 4313 | 4283 | 4362 | 4362 | 4397 | 4430 | 4333 |
| 10:49:43PM | FTSE | 10663 | 10651 | 10623 | 10592 | 10665 | 10683 | 10692 | 10711 | 10651 |
| 10:51:39PM | STOX50 | 6320.2 | 6284 | 6270 | 6246 | 6316 | 6337 | 6353 | 6387 | 6307 |
| 11:06:06PM | GERMANY | 25425.9 | 25396 | 25351 | 25272 | 25556 | 25592 | 25696 | 25828 | 25540 |
| 11:16:21PM | US500 | 7606.4 | 7601 | 7593 | 7564 | 7622 | 7680 | 7697 | 7736 | 7654 |
| 11:18:14PM | DOW | 52335.6 | 52198 | 52043 | 51819 | 52392 | 52724 | 52955 | 53284 | 52564 |
| 11:20:25PM | NASDAQ | 29001.8 | 28966 | 28824 | 28607 | 29091 | 29478 | 29704 | 29950 | 29374 |
| 11:22:34PM | JAPAN | 63370 | 63091 | 62610 | 61855 | 63639 | 64897 | 65049 | 65623 | 64636 |
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:ECO ECO (Atlantic) O & G** **LSE:FGP Firstgroup** **LSE:NG. National Glib** **LSE:OXIG Oxford Instruments** **LSE:STAN Standard Chartered** **
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Updated charts published on : ECO (Atlantic) O & G, Firstgroup, National Glib, Oxford Instruments, Standard Chartered,
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 41.8 Percentage Change: + 0.00% Day High: 42 Day Low: 40.8
Managing to get the share price BELOW 40.8p is the next problem level for ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:FGP Firstgroup. Close Mid-Price: 169.3 Percentage Change: + 0.00% Day High: 169.9 Day Low: 158.9
If the share price of Firstgroup manages to move BELOW 158.9p, initial DO ……..
</p
View Previous Firstgroup & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 1130.5 Percentage Change: + 0.00% Day High: 1140.5 Day Low: 1124.5
If National Glib intends to relax, the price needs to get below 1124.5p ( ……..
</p
View Previous National Glib & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 2760 Percentage Change: + 0.00% Day High: 2840 Day Low: 2732
Simply managing to get the share price above 2840 is the next hurdle for ……..
</p
View Previous Oxford Instruments & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 2298 Percentage Change: + 0.00% Day High: 2298 Day Low: 2262
Further movement against Standard Chartered ABOVE 2298 should improve acc ……..
</p
View Previous Standard Chartered & Big Picture ***
*** End of “Updated Today” comments on shares. Listed below are those where commentary remains valid.
Click Epic to jump to share:LSE:AAL Anglo American** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BLOE Block Energy PLC** **LSE:BME B & M** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:GRG Greggs** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:MRO Melrose** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:ONT Oxford Nanopore Tech** **LSE:PHP Primary Health** **LSE:PMG Parkmead** **LSE:QED Quadrise** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:SAGA SAGA Plc** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SFOR S4 Capital** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SPX Spirax** **LSE:SRP Serco** **LSE:STAR Star Energy** **LSE:TERN Tern Plc** **LSE:TLW Tullow** **LSE:TRN The Trainline** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **LSE:ZOO Zoo Digital** **
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Many thanks for taking the time to read this and good luck for today. Please feel free to mention us after something goes right!