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Member Info for bonker99

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Member Since: Thu, 17th Mar 2011

Number of Share Chat Posts (all time): 22,342
Number of Share Chat Posts (last 30 days): 590

Last Posted: Sat 15:30

Post Distribution over the last 30 days

Sat 15:30

It's a coin toss whether you'll ever be able to buy at mid 20s again - it could top out here and fiddle around in low/mid 20s for a while ahead of June test results or move further up and never be available at 20s again, barring poor test results in June ...

Given the attention and the fundamentals here, I'm much more inclined to think a move to 40s is more likely with, perhaps, a retrace to 27/28p afterwards but it's obviously very hard to know in advance :)
Sat 14:20

They've steered it to just under that key $47.40 level I pointed out for the weekly close, go figure :)

Gotta tell you though that, fortunately for me, having opened increasingly large shorts from $48.15 upwards, the Yanks smacked it down $1.50 in a matter of minutes to below $47 and that to me suggests the big money is taking profits pretty much where I thought they would after such an extraordinary run - I had $48.33 pegged as absolute top but it didn't quite make it, good job I started layering in the shorts a tad below my top target lol

What happens next is anybodies guess as per but I know the next technical target upwards is $53-55 so a retrace to at least $45.50 makes sense to me but it could go as low as $41 without snapping the elastic to a $53+ bounce - potential horrors below $41 though imo ...

None of that should have a dramatic effect on the SP here I wouldn't think but you know how the shorters love defenceless plays like XEL so watch that Brent price keenly imo ...
Sat 10:47

The next move will capture my attention for sure - if it locks in 27/28 then that SP may end up being the retrace target after another substantial move way above it; tough to know as always what the next move will be but clearly, this has much higher SPs on its radar, possibly even before the June test results ...
Sat 10:20

Also, of course, a hell of a time to be substantially enhancing recovery rates of Dollar-denominated oil and gas for other companies too - especially in an inflationary cycle that would, ordinarily, increase your costs to do that ...

I've adjusted my top target from 80s to 101p by the way ;)
Sat 10:14

The icing on the cake could end up being pretty thick :)

If the Dollar keeps on diving (I think it will - I have the DXY going to 86; currently at 93) it will drive another commodity boom/cycle plus the inflation the West desperately needs ...

A hell of a time to be sniffing around new deposits of anything traded in Dollars ...
Fri 17:27

$45.50 is my current read ...

Doesn't mean it's all over but it's had a great run and needs to cool off and find her way again ...
Fri 16:09


44p ;)
Fri 13:16

44p ;)
Fri 11:46

jubbly :)
Fri 11:44

8th April mate ;)

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