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API a touch disappointing, as seems we were just gaining a touch more momentum to the upside with oil.
Only positive is while oil lower, does it keep shale more suppressed. Oh well, we will only know true reaction tomorrow, after EIA comes out.
OPEC saying they were 139% of their target in September, so still not seemingly having the desired effect, although we know that Trump is a great chef as he is always "cooking the books" somehow with these reports and everything else.
I DO NOT trust anything that comes out of USA these days, becoming too corrupt these days. BAN TWEETS FROM PRESIDENTS I SAY !
Thanks TR re AHL
5th week of a build.
Largest since Feb 2017 apparently.
Beerbull, the AHL can be seen on this link......they have reduced (although only slightly) from 2.01% to 1.85% but that represents 1.32million shares, so a fair few. Last decrease was just 16th Oct.
If they are reducing, better than increasing, so we remain in hope, it may be start of a slow decrease. But then what do i know ?
https://shorttracker.co.uk/company/GB00B43G0577/
Surprised crude not off more
API crude +10.451
Cushing +1.648
Gasoline -.934
Distillate -2.862
Beerbull, I am off to America, as soon as I see Trump crossing the road, "Bam" I kill him instantly with my 20 ton truck.
No problem, its because I never get used to those pesky roads over there, I always seem to end up driving the wrong way up the motorway. Oh dear mind, best put notices all over USA warning to stay on the right side of the road, as its their fault they never reminded me which side I should be driving on.
The hypocritical law works both ways as you say !
On a different tack, when on holiday in the US, should you be unfortunate enough to drive on the opposite side of the road & cause a fatality, do you the Police will be as nonchalant as Trump appears to be re the UK case. He clearly has no moral compass, so scary.
Plebeens where are you sourcing your welcome news on AHL. Cheers.
Good news TR1 on AHL reducing. Still cannot work out why people would stay short oil or oil stocks in current geopolitical environment and at relatively low levels. Especially also with PMO if it’s being used as a Brexit hedge (poss the reason for recent movement rather than a leaky ship, which again is good news as Tolmount not priced in yet). A lot of PNL to risk at this stage of the year for the shorts, hopefully wipes out their end of year bonus. Crowded short trade. First out keeps the damage to a minimum, last out will be buying triple digits imo. Good luck to them....
Perhaps they are waiting for poo to decide which way to go before making their next move. I’m hoping oil can move back into the 60’s especially if big orange is too busy to tweet.
Slight movement in shorts could indicate they are getting twitchy.
All guess work as others have said.
Just 20p to get to £1.00, (25%ish increase) so near yet so far.
Shorts above 0.5% reduced to 5.51% by AHL who are one of main culprits in the past. Is this a promising sign.....maybe. As long as oil stays around 60.00 it is a ticking time bomb for shorters, as every week is nearer to Zama sale etc.....
Certainly a higher high with this priced oil.
Lastly it's worrying I am feeling positive while we touching 80's that we may be getting nearer to that £1.00 again.
Please don't let API or EIA spoil it FFS
Antigua18... I know, you are right. Currently trading at 80.36, virtually unchanged
Members, just as it seems like a regular pattern it goes off in a different direction which takes most by surprise.
The buying pressure seems to have stopped so will GS release the dreaded Rns today at some point if they are still playing their games. That’s assuming they or similar are behind the recent rise.
Antigua18... I am afraid none of us here has any clues to where the sp will go from here. Those who claim they do, they actually know less than those who admit they do not
"Guess" even......
Well, if any of us could forecast that at any time, we'd all be rich! However, since the SP has been remarkably resilient recently despite an erratic POO, I can only surmise that either good news is not far off, or shorters are beginning to leave us alone. Preferably both. My "gues" would be the SP is going to go north, and not before time I might add.
Anyone any guesses on where the share price goes next, is it taking a breather before upward movement or are we destined to retreat back to low 70’s