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I can see a rally towards 22p, but then there is the trading statement which could bring at least one of four to five positive announcements.

Brent I can see 20 at the bottom we are now in the midst of a depression like never seen before oil demand is currently down by as much as 40%, there is no where to store all this surplus oil. Central banks have nothing left but more and more QE.

The only way is to trade this enq and pmo. Short term though tlw looks excellent value but I can foresee another stock market plunge with the ftse at 4,000.

Wow what a close should see 20p early on Monday

With my first tranche

Continues - typo

I disagree I think sub 24 will be seen for at least a few weeks we are in the midst of deep global recession/depression and central banks and governments have used all their ammo apart from more money printing.

For every day this contributes the financial implications on the economy are catastrophic

Fast I called that right for once :-)

Brent looks a bit toppy. back in at sub 10p later hopefully

Tomorrow is my guess

The move up to 12.42 on Tuesday eve was rapid. 160 million mc really?

Drop from Tuesday at 4:30pm this will rally over 11p easy

To 9.5 in one trading day way overdone bounce back to 12p plus

I will add my next top up tomorrow if this is still at 9.5p ish.

I see a rally back over 11p-12p by the end of the week. Brent already bounced strongly from the low 27’s.

Good posts this evening

Likewise Squif, enq is the best prepared to weather the storm compared with tlw and pmo by a mile.

Just trying to trade the swings and I thought it would take at least a couple off weeks to get back in at the 10p level.

Gla

Very pleased

Very pleased

And me called it at the weekend and got shouted at Brent is heading for the low 20’s for a bit.
Read an article that said consumption is down by as much as 40-45% not the reported 30% previously.

I must add that this is only going to be the case for the next three to four months ie once we are out of lockdown and the huge quantities of stored oil are utilised.

By thursday

Out at 13p Lee Rex :-) have a nice day I’m go out for a run in the sun keyboard warrior

Buy set at 10.25

Leerex cheers nice words t osser