Member Info for downbutnotout

its fallen to that support level i posted before..WTI 52.60

Crude +5.36MM
Cushing +1.44MM
Gasoline +3.61MM
Distillates +4.32MM

down almost 3% this evening.

DOW down 790 pts. wow. so much for circuit breakers..

getting hit by negative headlines today..
-opec back tracking on statements already made at the G20.
-trade fears still linger despite supposedly good news out of the G20.
-USD rising.

WTI $52.60 should get testing shortly. oil close to lows of the day now. API data may tip Olivia over the edge.

Russia wants to reduce by a maximum of 150,000 barrels a day. not enough!

https://www.bloomberg.com/news/articles/2018-12-04/saudi-oil-minister-says-too-early-to-say-if-opec-to-cut-output

oil holding up, its not following the indices down. DOW is down 550 pts. circuit breakers will be kicking in soon lol.
every index down 2%

no i'm looking at the US indices after LSE close. its a big red day there!
S&P 500 falls below 200 DMA.
sell off started by the banks i think. but tech stocks there are down alot (c.2%).

repeat play tomorrow would be great. JohnnyB.Goode says 10% but i was up over 20% on a trade. not selling at the low price of 24.5p.

in the last few minutes. VIX up and S&P 500 just dropped 20 pts FTSE 100 futures down 0.5%.

it's anyone's guess where oil goes to if $52.60 breaks. but next support would be $51.46
i think Olivia is resting on the 50DMA.

oil just tested support at WTI $52.60

my foot soldier on the ground in Vienna tells me its raining. that may be a clue as to how this week pans out.

50% retrace back to 22p before moving up again. dream on JohnnyB.Goode.

sour grapes. did you miss buying at 20p then?

going mental now. in auction again. not complaing though!! gap to close..36p anyone?

remember hows DEBs rose from 4.6p to 7.5 in a couple of days. same could happen here..

could be in for a big drop in the oil price today. expect the unexpected.

13:45:55 20.2000 10,889,930 O 20.1400 20.2000 Buy

10m shares.. :)

quote "I don’t think any agreement would be reached".re: opec meeting.

wee pull back coming. WTI broken below $54

WTI broken 52.60. drop coming imo.