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Member Info for bonker99

Member Since: Thu, 17th Mar 2011

Number of Share Chat Posts (all time): 14,039
Number of Share Chat Posts (last 30 days): 0

Last Posted: 21 Oct '14

21 Oct '14

Descending channel line on the chart that proved resistance last time it went there - that was the breakout point back then but as time moves on it gets lower so now it's at 8s ...

Had another look at the chart - I defo like upper teens/20p but can make an argument for 47p too and that's interesting cos I mentioned c25/26p sometime back as a target here which would be exactly halfway there from the recent 4p low - funny old game ;)

As ever, anything can happen and there's always an argument for trading the peaks etc but I sure wouldn't blame anyone for holding on here, even at 8s ...
21 Oct '14

Channel line to beat at 8s (same line at 9s not so long ago) so no surprise there's sellers but if it blows through it it's not likely coming back imo ...
21 Oct '14

this would come eventually ;)

Congrat's to all those 4/5p holders and some relief for those with bigger averages :)

16/17p looks good for a target to moi - buy back at 6s if seen from here ...
16 Oct '14

Fair chance this is the final shake before a prolonged recovery in all things energy but you need a good read on an awful lot of stuff to have real confidence in that view - oil is about as complicated as it can ever get at the mo with all the games going on, off market never mind on it, so a tough call this.

Still, gotta be worth a coin-toss with a tight stop at 30-something here imo ...
15 Oct '14

Be in no doubt that if there's an organised attempt by the US to take oil down (and why not, they fix everything else to their advantage) then you can bet your bottom Dollar that it's aimed at the Russians ...

Regan "beat" them by bankrupting them during the arms race so it could well be another attempt at that as the Syria and Ukraine stuff clearly is ...

Russia are at the centre of an attempt to end the Dollar's reserve currency and the Yanks have managed to "remove" everyone else who tried that but Putin is clearly a tougher proposition ...

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