Member Info for downbutnotout

no! Premier is on a sugar high this morning. oil going back down to retest yesterday's lows..

that drop is more significant then you think. the way is open for a retest of yesterday's lows. EIA data 3.1m build expected. anything more than that would be bad for oil price.

sudden drop just a minute ago??

maybe you are right. but the market is ruled by fear.

i tried selling a share at the open but it didn't go through. now its down 5%. gaps been filled. same could happen here.

if i'm right oil price will go lower than where it was yesterday. that could happen today with EIA data out later..

my technicals still tell me to stay out of oil.. negative pressure on the oil price is still there. OPEC meeting in a weeks time i think. increase in production is on the table.

its only up 4p whats the big deal?? see where it is later ;-)

brent now $76.14

holders will need a 🤢 bag in the morning. i think sub £1 is highly likely.

Crude +5.69MM
Cushing +14.4MM
Gasoline -3.5MM
Distillate -3.1MM

a 5.7m build. i wasn't expecting another 9.88m build so 6m is a big build. oil price up a wee bit. relief rally as it wasn't a 10m build.

all the regulars have sold out?

i'm not sure where Olivia is heading. won't really know until oil market is closed and where it opens tomorrow may set the theme for the rest of the day.

phew! back under resistance again. happy days.

see that sudden pul back in the oil price? like i said its at resistance. trend still down IMO.

too risky to buy an oil stock for me. i'm staying out for now.

oil has bounced $1 but its hitting resistance now.

oil hitting resistance. likely it pull back down again?

dead cat bounce?? mmmmmm

maybe but it could be a long wait. if WTI 66 doesn't hold then next support is at 64.43 not sure how quickly it will get there..