ON the daily chart, Xstrata looks to be forming a bear flag which could be a signal for the next move lower. However, the bulls have done well to keep the stock supported around the £10 level as recently any dip below here has led to a bout of buying pushing it higher. Capital Spreads quotes 986.1p-988.0p for Xstrata.

Barclays shares struggled again on Monday, with the ongoing sovereign debt issues still weighing on banking stocks. Traders were buying CFDs with Spread Co though, as the bank’s shares fell to support around 155p, near the 9 and 21-day moving averages. Barclays is struggling to retake a trend line in place since February, but if it manages to get back above 168p it could continue to the 180p level. Spread Co offers a spread on Barclays of 155.66p-156.05p.

Recent coverage by RBS brokers of Tui Travel states that misconceptions about the tour operator business, alongside general market volatility, means that shares in the travel company have received an unnecessary thrashing and now look cheap. So will its pre-close trading update on Thursday ignite the bulls and boost the company back to 52-week highs that we saw in January? Capital Spreads quotes a price of 151.0p-151.6p

Wheat for December delivery has seen a sharp decline since the start of the month to its lowest level last seen 9 August. In line with other soft commodities, it could be a sign that the Eurozone debt crisis will curb demand. Capital Spreads quotes Wheat December at 681-682.