Fossilfool, I know you like charts, check this video around the indicators, I use MACD, RSI and 20/50/200 moving average, they are really good at giving the strength of the trend (Connor RSI)and when to make decisions with buy and sell signals (MACD).
https://www.youtube.com/watch?v=eVjuGhTf2uc&t=618s
Fossilfool, TakingMyTime,
I use Charles Stanley Direct fro my ETFs (Funsmith, Lindsell, BlueWhale, Montanaro uk and Europe, Allianz performance bond), HSBC for my ISA Stock and SHare mostly RDSB and BP, and Capital.com for metal such as silver and swing trading for BP.
Capital.com spread is competitive, the difference between sell and buy is £20 for purchase off £3000 of BP , same % spread if you buy one share or10000, which means I can place multiple buying orders in order to average down effectively, charts and indicators (RSI, MACD, MA20/50/200) are dynamics too. I don't mind the spread because I always place an order for a price that I comfortable with. Have a try, it is really fun to use. They have a demo mode as well.
Exxon and Chevron are now trading at August 7th level, which is an equivalent of 287 for BP , the trend is still downward, the stock could go down on Monday by another 5 p, bought some at 292 but i am holding most of cash for Monday. I gave up waiting for this stimulus announcement.
2.92 does not stick, I think 2.90 will happen before the US opening or at the very opening as stop losses get triggered in the US side. I have an order at 290 and some at 289/288/287. 288 is strong because it translates to $22.50 with the spread on top. GLA
2.90 coming my way.... my moto is not to be emotional with stocks, milk BP as a cow, there is no reason for this stock to explode and stick at a higher price point in the near future. In fact, most analysts are planning for a market correction in September or October, FANG is trading at 1000x PE ration (mad), I think we will see 2.70 again in that time frame.
400 will not stick will Brent at $45 and most analysts think that oil will stay at this level for the rest of the Year. I think we will see a stabilise 350/400 by Q1/Q2 next year. It may peak at 400 in Q4 but it won't stick, also BP made Q2 profits because their trading arm and it may not happen in Q3. We are heading for a second wave in Winter, more drama ahead, great for short term trading.
Looks like Rosneft found a new friend with Shell. If Shell thinks green, they are not disconnected from their core business, hope this rumour is true.
https://uk.finance.yahoo.com/news/exclusive-shell-eyes-stake-nayaras-152959128.html?guce_referrer=aHR0cHM6Ly91ay5zZWFyY2gueWFob28uY29tL3NlYXJjaDtfeWx0PUF3ckpRNTZLRURSZnlDNEFFVXBMQlF4LjtfeWxjPVgxTURNakV4TkRjeE56QXdNd1JmY2dNeUJHWnlBM2xtY0MxelpXRnlZMmd0YzJJRVozQnlhV1FEZDJscGEySTRkbDlVWDNsNWREY3VVekZKTkZWMVFRUnVYM0p6YkhRRE1BUnVYM04xWjJjRE1UQUViM0pwWjJsdUEzVnJMbk5sWVhKamFDNTVZV2h2Ynk1amIyMEVjRzl6QXpBRWNIRnpkSElEQkhCeGMzUnliQU13QkhGemRISnNBekV6QkhGMVpYSjVBM2xoYUc5dkpUSXdabWx1WVc1alpRUjBYM04wYlhBRE1UVTVOekkwTnpZMU53LS0_cD15YWhvbytmaW5hbmNlJmZyMj1zYi10b3AmZnI9eWZwLXNlYXJjaC1zYg&guce_referrer_sig=AQAAAIeT8I-UMGslp9un6dKQBQONGJb4QJTx0sXjd0DZrHOSGlwbw_eesYBXCBfYAR5pQV8e7EGsZ_Ugjx4RrPtRjK796qPFaK81QF2xR3xLLoEgw59kV0o2ippaCgZ1xWGwezg9NUxoBRaoUgVlYu_CY4Bd11uzQVykJQiMrHVlKxAr&_guc_consent_skip=1597248092
Oil Prices Leap Higher On Bullish Inventory Data. 314 tomorrow? LOL , good luck to the bag holders, I will be waiting at the bottom of the stairs in few days...maybe.
https://oilprice.com/Energy/Crude-Oil/Oil-Prices-Leap-Higher-On-Bullish-Inventory-Data.html?utm_source=browser&utm_medium=push_notification&utm_campaign=vwo_notification_1597262987&_p_c=1