Member Info for downbutnotout

at overbought levels now?? will it hold this wee $1 bounce..

pivotal level. possible sub £1 close today.

US gives waivers to 8 countries to buy Iranian oil!!

could be more downside for SP. its dropped back below its 50DMA.

Saudi Arabia has capacity to increase production by 1-2mbpd on top of 10.45mbpd its pumping now!!

Russia increased production to 11.41mbpd to a fresh 30yr high!!

reports that the US has agreed to let several countries keep purchasing Iranian oil!!

where is he today? not seen him post for a few days. last time he was mocking me about my purchase of SPI. its top rising on the LSE this week i think.

i've now liquidated most of my holdings and waiting to go long on some oil stocks when the time is right. i'm leaving my options open though. i may get tempted to buy back elsewhere..

pumping at highest level for 2 years!!

i've a new lower target for oil :)

held for a day and out with a £500 profit after fees. SGL up 6% off this mornings low already and back to yesterdays high c. 930

tomorrow's open price? should be lower as oil is nearly 3% down today!!
i think stocks will be weak tomorrow morning until US non-farm payrolls number is out..
tech stocks likely to be weak. Apple stock is down after the US close.

i'm here. brent under $73 now. target 71.50

why isn't this donkey rising? SGL is up 5% off the lows.

Two former Afren oil executives sentenced to 30 years for fraud and money laundering.

http://www.cityam.com/267517/two-former-uk-oil-executives-sentenced-30-years-fraud-and

drop is really gathering pace now. brent just gone under $75. target today $74

$75.42

i reckon minimum another $1 drop from here. i told you oil was going down.

out at 2:30?

gap needs closing.. 101.80p

$75.98 still dropping.

$76.12 and dropping. can't say i didn't warn you drop was coming.