UK: Barclays hits the resistance – Analysis – 15-7-2019

Barclays shares price ended the correctional bullish rebound by facing the bearish channel’s resistance at 159.45, to form good obstacle against the positive trades, while the resistance line stability supports the attempt to renew the main bearish attack, to expect suffering many losses by moving towards 149.20 followed by reaching 138.75 in the upcoming period.

Stochastic approach to the overbought areas along with the price fluctuation within the bearish channel confirm getting rid of the positive pressures, to start getting the additional negative momentum and prepare to build the negative trading in the near term period.

The expected trading range for today is between 159.00 and 151.20

The expected trend for today: Bearish