#Brent #SP500 “Why would a recipe for bread follow the same rules as making Boiled Rice? I can’t believe I just had to ask that question,” said my wife as we both watched the thin tendrils of smoke rising from our burnt out blender! To be fair, I am seriously good at boiling rice, always using the right amount of water, salt, lime juice, and garden peas but a YouTube video had given me an idea about making bread. All it needed was some rice, some sugar, some yeast, salt, and water, all the ingredients dumped in a blender to be chewed on for 90 seconds or so. Then, the mashed ingredients wanted to serve time in an oven for 35 minutes or so.
It was the most brilliant bread recipe I’d come across and the YouTube video highlighted excellent results. The only tiny problem was a lack of actual quantities, so some guesswork was necessary and everything worked brilliantly until the blender was called upon to do its job. At this point, my wife chose to enter the kitchen to monitor what I was doing just as the blender silently opted to stop and refuse to decimate the contents. There was also an electrical smell and some smoke, along with quite a lot of guilt as I’d bought the blender for my wife a few years ago. (She likes kitchen gadgets, rarely using them) Opting to complete the “blender” process with an electric cordless drill and bent coat hanger, I eventually had a mix which looked similar to the YouTube video, letting it sit for 20 minutes before giving it to the oven.
Somewhat inevitably, the baked result looked wonderful until removed from its container, turning into something which looked like failed rice pudding, the baked crusty bits tasting fairly awful. Worse, they still concealed grains of rice of a perfect size to get stuck in teeth. All things considered, perhaps I should not be left unsupervised on wet Saturday afternoons when there are no Grand Prix events…
YouTube, while sometimes entertaining, contains rather a lot of videos which appear produced to monetise, rather than actually inform the viewer. As a result, they essentially lie and it’s a bit irritating and reminiscent of the voodoo methodology used in internet chatrooms to create enhanced expectation for prices of shares, commodities, or crypto-currency. Gold at $3,000, anyone? Or BitCoin at $100,000? Or the Retail Banks being underperforming giants?
When we reviewed Barclays three weeks ago, we proposed a scenario for a rise to 172.7p, a modest criteria and one which was fulfilled. While a rise from trigger to target of just 5.7p isn’t impressive, the share price has thankfully closed above 172.7p, opening the door hopefully for further price recovery. The situation now looks like above 179.5 should next trigger share price movement to an initial 191.4p, along with a strong visual suggestion of some hesitation as this ambition matches the highs of 2023. Our secondary is a bit vague, thanks to the circled manipulation gap. Closure above 191p should move the share price into a region, where our secondary calculates at 201p, perhaps even 221p, assigning the share a position where some true long term recovery looks possible.
We can hope!
The flip side of the coin is now at 150p, thanks to movement below such a level calculating with the potential of reversal to an initial 135 with secondary, if broken, at a painful bottom of 99p. Visually, it’s unlikely but similar to my attempt to make Rice Bread, something can look okay, yet still turn out awful. But on the bright side, I now know what to buy my wife for her looming birthday. Someone, somewhere, must make black and chrome blenders, preferably with plenty of flashing lights and complex controls.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 9:33:04PM | BRENT | 8484 | 8420 | 8378 | 8328 | 8471 | 8512 | 8537 | 8551 | 8455 |
| 9:41:50PM | GOLD | 2155.44 | 2164 | |||||||
| 9:44:16PM | FTSE | 7737.8 | 7730 | |||||||
| 9:46:04PM | STOX50 | 5001.8 | 4996 | |||||||
| 9:48:00PM | GERMANY | 17983.4 | 17980 | |||||||
| 9:50:52PM | US500 | 5118.8 | 5091 | 5072 | 5033 | 5132 | 5185 | 5194 | 5224 | 5151 |
| 9:52:52PM | DOW | 38703 | 38866 | |||||||
| 9:54:50PM | NASDAQ | 17816.1 | 17957 | |||||||
| 9:56:38PM | JAPAN | 38879 | 38807 |
15/03/2024 FTSE Closed at 7727 points. Change of -0.21%. Total value traded through LSE was: £ 14,485,048,081 a change of 162.41%
14/03/2024 FTSE Closed at 7743 points. Change of -0.37%. Total value traded through LSE was: £ 5,520,093,152 a change of -24.07%
13/03/2024 FTSE Closed at 7772 points. Change of 0.32%. Total value traded through LSE was: £ 7,270,420,862 a change of 0.35%
12/03/2024 FTSE Closed at 7747 points. Change of 1.02%. Total value traded through LSE was: £ 7,245,332,425 a change of 15.81%
11/03/2024 FTSE Closed at 7669 points. Change of 0.13%. Total value traded through LSE was: £ 6,256,339,396 a change of 13.77%
8/03/2024 FTSE Closed at 7659 points. Change of -0.43%. Total value traded through LSE was: £ 5,498,882,120 a change of -31.93%
7/03/2024 FTSE Closed at 7692 points. Change of 0.17%. Total value traded through LSE was: £ 8,077,896,758 a change of 24.94% 
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:ASC Asos** **LSE:BBY BALFOUR BEATTY** **LSE:BP. BP PLC** **LSE:CEY Centamin** **LSE:DARK Darktrace Plc** **LSE:FGP Firstgroup** **LSE:HL. Hargreaves Lansdown** **LSE:QED Quadrise** **LSE:RR. Rolls Royce** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:TRN The Trainline** **
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Updated charts published on : Asos, BALFOUR BEATTY, BP PLC, Centamin, Darktrace Plc, Firstgroup, Hargreaves Lansdown, Quadrise, Rolls Royce, Scottish Mortgage Investment Trust, The Trainline,
LSE:ASC Asos Close Mid-Price: 343.4 Percentage Change: -0.09% Day High: 356.7 Day Low: 337.4
Weakness on Asos below 337.4 will invariably lead to 317p with secondary, ……..
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View Previous Asos & Big Picture ***
LSE:BBY BALFOUR BEATTY. Close Mid-Price: 386.2 Percentage Change: + 1.63% Day High: 387.4 Day Low: 376.8
Continued trades against BBY with a mid-price ABOVE 387.4 should improve ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 491 Percentage Change: + 0.20% Day High: 494.95 Day Low: 490.4
Further movement against BP PLC ABOVE 494.95 should improve acceleration ……..
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View Previous BP PLC & Big Picture ***
LSE:CEY Centamin. Close Mid-Price: 106.5 Percentage Change: + 2.60% Day High: 106.9 Day Low: 102.6
Further movement against Centamin ABOVE 106.9 should improve acceleration ……..
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View Previous Centamin & Big Picture ***
LSE:DARK Darktrace Plc Close Mid-Price: 482.7 Percentage Change: -1.57% Day High: 501 Day Low: 469
Continued trades against DARK with a mid-price ABOVE 501 should improve t ……..
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View Previous Darktrace Plc & Big Picture ***
LSE:FGP Firstgroup. Close Mid-Price: 187.7 Percentage Change: + 13.41% Day High: 186.5 Day Low: 166.1
All Firstgroup needs are mid-price trades ABOVE 186.5 to improve accelera ……..
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View Previous Firstgroup & Big Picture ***
LSE:HL. Hargreaves Lansdown Close Mid-Price: 701.8 Percentage Change: -2.07% Day High: 717.4 Day Low: 699.8
Target met. Continued weakness against HL. taking the price below 699.8 c ……..
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View Previous Hargreaves Lansdown & Big Picture ***
LSE:QED Quadrise Close Mid-Price: 1.45 Percentage Change: -2.68% Day High: 1.5 Day Low: 1.45
Continued weakness against QED taking the price below 1.45 calculates as ……..
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View Previous Quadrise & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 393.5 Percentage Change: + 1.05% Day High: 396.5 Day Low: 383.2
Continued trades against RR. with a mid-price ABOVE 396.5 should improve ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 824.2 Percentage Change: + 5.53% Day High: 823.8 Day Low: 790
Continued trades against SMT with a mid-price ABOVE 823.8 should improve ……..
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View Previous Scottish Mortgage Investment Trust & Big Picture ***
LSE:TRN The Trainline. Close Mid-Price: 378.4 Percentage Change: + 2.33% Day High: 380.6 Day Low: 366.6
Target met. All The Trainline needs are mid-price trades ABOVE 380.6 to i ……..
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View Previous The Trainline & Big Picture ***