Member Info for downbutnotout

Strider4, i don't stick rigid to targets. since i set that initial target there has been quite a bit of negative news flow from OPEC and also big inventory builds. plus a big market sell-off! reduced global growth outlook. Saudi news etc.

sadly for you holders i still see brent falling to c.$74 thats nearly $2 away from here..

114p was just 1st base target. i didn't buy then as i see oil going lower. and i called that correct!!

$75.77

whos knows i this rate it may get to my infamous $70 target.

oil still in down trend or didn't you notice that??

hindsight is a wonderful thing.. i said in August 140p was top of range :) bottom of range is sub £1 from here for sure.
i think maybe half the fall today is due to a weak market with the DOW down about 2% at the low. but with oil sinking to the days low and staying there i don't expect a bounce in PMO's SP tomorrow.

yes huge huge build.

just read that OPEC has cut its world oil demand growth forecast for 2019..

SA energy minister Khalid Al-Falih announces that OPEC and its allies are in a ‘produce as much you can mode’. oh dear!

US indices and FTSE futures well off the day's lows. S&P 500 now only down 0.3%, but little change in the oil price!!, still close to day's low.

$74 brent looks possible..

priceless is oil dropping today. expect more drops this evening. SP will open sub £1 tomorrow.

why? when brent was $71 i think SP was c. 102p now brent is $78 and SP 107p. still plenty more downside from here. VIX up, markets down.

technicals say so..

drop is coming now. watch the rats jump ship. will 106p hold??

more support near the 106p level. but don't think that will hold if too many rats decide to jump ship. oil still has more downside IMO.

nooo that was 1st base. i don't have funds ready at the moment. i'm down on other stocks :(

i was just thinking that myself Peter18. theres little support if 106/108p level doesn't hold.

penny share club member by end of today a possibility..

because its the next support level. MMs make money on trades. they'll want to shake the tree as much as they can.

Mr MM will close this around 114p so they can drag it further down tomorrow.

firmly in the crosshairs. but i have a lower target too ;-)