Member Info for AlfaMale

Members, I see that Admin have removed your posts, so they must have agreed that your posting was inappropriate.

Every time you return, the board rapidly descends into the gutter.

Foul language and abusive posts. What a character.

Manju,
Oil (was) up over $1 today - hardly insignificant. PMO is only up 2.7%.

Afraid I don't see any correlation with those movements and "news on SL or Zama not being far away".

"Judging by todays movement I do not think Zama or SL can be far away."

Please explain?

In the last few trading sessions, Brent has bounced off a long term upward trend line spanning from Jan 2016 through Dec 2018.

Whether or not it continues to rise from here will of course depend on real world events.

"ISRAEL PM NETANYAHU SAYS ISRAEL "WELL-PREPARED" FOR ANY SPILL-OVER VIOLENCE FROM GULF AFTER ATTACK ON SAUDI OIL PLANT"

Israel are mad for it...

Couldn't let you boys have all the fun, me ole Ferret! :)

In and out - made a few bucks today.
Too risky holding this overnight for me - could swing violently either way.

Are you trading the half percent rises and dips?

Scalping, I believe they call it?!

Or a timely tweet from Trump could calm things down.

https://pbs.twimg.com/media/EElpNukXYAAj5xA.jpg:large

How apt :)

SAUDI ARAMCO HAS ASKED LOCAL AND INTERNATIONAL CONTRACTORS TO ASSESS THE DAMAGE CAUSED BY AERIAL ATTACKS ON TWO KEY OIL FACILITIES, WITH AT LEAST SOME OF THE REPAIR WORK EXPECTED TO TAKE SEVERAL WEEKS - ENERGY INTEL

Well, it's definitely risk-on now, that's for sure, but against a backdrop of an oil glut forming into 2020.

Any further escalation, or retaliation by US/KSA will send oil flying. I suspect global reserves will cushion any weeks-long outage in KSA. Otherwise things will calm for a while, and oil will revert back to regular pricing but with a risk premium.

IMO the market will become very touchy from here on. Lots of trading opportunities I suspect.

No luck here - am out since last week, and I don't buy on spikes personally.

Next thing, Members will be on saying he bought back in on Friday. Or maybe not LOL. He's more likely to have topped himself over the weekend. Bless.

"I went all in on Friday and left it in over the weekend (against my usual never leave in PMO over a weekend policy) "

LOL Ferret. We believe you.

QE should be positive for stock markets, no?

I got out today with a profit, but not as much profit as I was looking at yesterday as I hovered over the sell button then.

Oil looks like it is back inside the April downtrend channel again (after a quick breakout above it over the last few days), so if it closes within it, then looks like pants are gonna be pulled down again.

Just shows that any technical analysis is easily 'Trumped' by some ginger count these days.

Must be TD's fault (again) that the oil price has dropped.

Must try harder TD!!

Smoke?

The oil price drops 3% over 2 days, what else do you expect oil shares to do? Go up? LOL

ECB RESTARTS STIMULUS

BREAKING: The European Central Bank has announced a new stimulus package, in an attempt to boost growth in the eurozone.

It is cutting its deposit rate -- charged on commercial bank deposits at the ECB -- to a new all-time low of minus 0.5%. It was previously -0.4%.

That’s meant to encourage banks to lend to consumers and businesses.

The ECB’s governing council has also decided to leave its benchmark interest rate at zero percent -- rather than imposing negative rates on savers.

The ECB is also restarting its quantitative easing programme, and will start buying €20bn of bonds each month from the start of November.