Member Info for downbutnotout

looking a little weak today. british bulls posted a SHORT signal yesterday.

a fall from here if it comes could be massive. Olivia not able so far to regain the bullish channel thats been broken. i'm looking as far back as early Oct 2017.

WTI $69.44 is support level. a good chance it will get tested today. if broken then next support is around $68 - this is key. if broken run for the hills!

The Pound soared against the USD after optimistic comments from EU Chief Negotiator Michel Barnier, who stated that the EU would be prepared to offer a partnership with the UK after Brexit.

so this is bad for oilies whos profits are in USD?

i said oil may rise this evening after LSE close..

but why people selling today?

16:35:07 116.8000 913,901 UT 116.8000 117.0000 Sell

oh dear closed below 117p support.. oil may rise this evening. yes you heard it from DBNO! yanks controlling the price as usual. but its still too much of a gamble buying at 117p.

what its showing pre-market price? i'm not able to get a price.

unlucky guys.. heading for the 13s today (113s).

why 115p? i see the SP is struggling this morning. that 50DMA is now resistance. Tullow Oil is up i see!

before oils big move up about 2/3 months ago i made good calls on Tullow Oil. its risen maybe 50% off the lows.

ding ding round 1 3:30pm tomorrow, don't be late. it could be a pivotal moment for oil once those EIA figures are released..

inventory builds across the board. market wasn't expecting that..oh dear!

Crude +38k (-1.49mm exp)
Cushing +130k (+50k exp)
Gasoline +21k
Distillates +982k

$2.28 why down over 8% when SGL down only 2%?

i don't know about a build coming..i'd worry about WTI $67.45 not holding..i think the EMA50. if that breaks it could be a replay of a couple weeks ago when brent hit $70. maybe not that low again though as the USD has come off a fair bit.

got some funds to play with now. one of my stocks hit #1 spot on the LSE risers' board today!! glad i topped up last Thurs.

SBGL dropped back below its 50DMA. i think $2.25 could be tested today. its not too far off the 52 week low.

@ 819, it put in a lower high today. trend still down? maybe that 700 area was bottom.

market agrees with me this afternoon.. ;-) 121p

drops less than $1 yet SP tanks 4p.

a $6 drop to $70 equates to 24p (4 x 6). target sub $1. mmmmmm

where will SP be if brent drops back to $70? bounced from 108/109p area last time.

just saying.. who wants to be holding this baby on Monday when LSE closed and oil market still open?

maybe not.. $69.44 then

$68.90??