Member Info for AlfaMale

Someone taking profit no doubt, possibly a big sale, hence price dropping to accommodate it.

With oil still rising, am expecting SP to bounce back quickly to 53p+.

https://www.bbc.co.uk/news/uk-53106673

Art Berman:

https://www.artberman.com/2020/06/18/u-s-energy-dominance-is-over/

Reckon WTI on it's way back to $40 a barrel, should drag Brent in upwards direction too, assuming no immediate alarming news on Covid infections etc.

India and China spat could escalate into something more significant.
Iran throwing missiles around in the Gulf.
Upcoming US elections.
etc.

https://www.bbc.co.uk/news/uk-53093127

"they said there was growing evidence that the hit to the economy would be "less severe" than initially feared."

"The Bank said more recent indicators of economic activity suggested the economy was starting to bounce back."

Caution advised. LOL

Sorry, you've lost me. What irony, and which assumptions?

But yesterday, Kilgeever said about the VIX:

"Sudden upturn for the worse.
Caution advised."

Don't recall this person ever mentioning the VIX previously. Must be since he turned into a trader that he is now advising others to be cautious.

Caution advised, indeed.

"Iran Navy launched long-range cruise missiles during an exercise and the missiles hit a target 280KM away."

Is this what is driving oil price today??

Will Trump respond? US Elections coming up, opportunity for Donald to look strong...

UBS SAYS "WE ANTICIPATE AN UNDERSUPPLIED OIL MARKET IN 2H20 AND 2021"

"Pointless and repetitive"

Much like your tedious responses to him.

"Covid 2nd wave is just scaremongering propaganda "

https://uk.reuters.com/article/uk-health-coronavirus-beijing/beijing-district-in-wartime-emergency-after-virus-cluster-at-major-food-market-idUKKBN23K03X

Wake up, RiskReep!

https://uk.reuters.com/article/uk-health-coronavirus-beijing/beijing-district-in-wartime-emergency-after-virus-cluster-at-major-food-market-idUKKBN23K03X

Hahaha Ferret, indeed. Everything depends on the virus for the remainder of this year IMO. If they can get it under control with testing and tracing, then economies will open up more, create more oil demand, then the oil price will rise again. But if it goes the other way, then it will get bad. Global depression predicted by many regardless.

News today that the UK economy shrank by 20.4% I doubt will go down well. DOW futures look ready for a bounce after the trouncing yesterday. Interesting mix.

Good luck Dave, everyone has to take their own view, as it's their own money they are risking. So many variables at play, it's hard to call directional movements accurately. I think we all go by gut instinct a lot of the time here!

No opening SP predictions tonight??

"However by Tuesday onwards 40 to 50p will surely be back on and more.
It's only a paper loss for a few days. "

Are you sure about that, Dave?

Things look somewhat bleaker IMO.

Increased virus in 20 US states, which drove today's US indices drop, is unlikely to fade away within a few days.

Oil market questioning demand and looking at high inventory levels.

Etc...

"ARCM short now stands at 6.21%."

Blimey, DOW down 4.7% now. That has to be one of the highest historical drops, Shirley?
FTSE down 4%.
Oil looking wobbly.
Big numbers.
Ferret, well done on closing short in profit.

Kenni - are you "Members"?

Your posts keep reminding me of an old poster from here who bought at 180p held on all the way back down to 19p and then back up for a while before disappearing off the board.

Then you turn up!

Kenni:

"So simply saying,you both should f off from this board."

Now now!