Member Info for AlfaMale

Goldman Sachs expects oil rally to run out of steam soon

https://uk.reuters.com/article/uk-global-oil-research-goldman/goldman-sachs-expects-oil-rally-to-run-out-of-steam-soon-idUKKBN23G0JU?il=0

Was tempted to load up another short on Brent earlier, but missed the initial morning drop.

Betrayed, buying or selling in the opening hour is rarely a good idea.

Nice moves. It's all about the oil price. I think it could hover around the $40 mark for a while.

I did wonder.
Someone got impaled on PMO open at 52p! Nasty business trading in the opening hour.

Tullow getting caned this morning.

PMO looking stronger.

"$40 per barrel is high enough for some U.S. shale producers and they will waste no time in restarting production shut in during the crisis."

https://oilprice.com/Energy/Oil-Prices/OPEC-Deal-Fails-To-Give-Prices-Major-Boost.html

It's going to be a fine balancing act from here on...

Beer, I hadn't seen that, but it would make sense so long as there isn't a 2nd wave of Corona, and economies are allowed to get back to a semblance of normality, increasing demand for oil. But oil has had a very strong run recently.

https://oilprice.com/Energy/Oil-Prices/Morgan-Stanley-This-Oil-Rally-Wont-Last.html

Food for thought.

Olivia bouncing around recent trend line (since May 28). Too difficult to call it for me. Certainly been in a strong uptrend lately, so due a correction soon IMO. Like you say, needs a trigger.

Sensible move Ferret, lock in the profit.

Oil could go either way at present. Was tempted to go long again, but best to walk away until another day!

Just closed out Brent short for a nice 150 points!

Ferret, what was I saying? Just asked if you were short PMO!

Having a nice run on Brent going down... looks to have broken down through a short term trend line since 28th May. Could rebound tho.

Wouldn't call myself a long term holder here, or anywhere currently!

"Overbought" according to your technical indicators. Like I said...

So, me ole Ferret, have you opened a short on PMO?

I'm currently short on Brent, since earlier today...

Just pointing out that your last proclamation on here was way off the mark.

PS. technical indicators only tell you what has happened on an equity, not what is going to happen.

"this is massively overbought "

Ferret, you were saying similar at 30p!!

49p is coming

Blimey!
Is this the beginning of the end for Hurricane?
Personally I wouldn't continue holding here, given recent well results, and now the founder leaving.
Doesn't bode well.
Good luck.

Another 25% up...

What's going on, TLW also up the same....

Brent Oil only up a small amount since Friday, now $42.90

"Melga, so you another new poster here in recent time"

Just like yourself, Kenni boy.