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<\/p>\n#Brent #SP500 <\/b>“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,”\u00a0 said my wife as we both watched the thin tendrils of smoke rising from our burnt out blender!\u00a0 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.<\/p>\n
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.<\/p>\n
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…<\/p>\n
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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?<\/p>\n
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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.<\/p>\n
We can hope!<\/p>\n
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.<\/p>\n
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FUTURES<\/p>\n
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