why do you think SP will be 50p by Tuesday. markets have risen like you say every day for 3 weeks and you think the pull back is over after just one day??
its not good outcome if oil price closes below $36.10. i think it may trade sideways for awhile. but from here it could easily go +-10% if stocks drop more then likely oil price will follow.
funny how i just check oil price its at $35.99 and i've been banging on about it dropping to $36 for the last day or so. can't get any close that that!
nice wee bounce in oil price. feeling a little relief as i do hold some oil stock (not PMO). I think the energy sector was maybe the biggest faller today along with financials.