Member Info for downbutnotout

$70 coming this week Bobblicious you see! maybe today!! oil price overbought on Friday, its coming back down for sure.

yes. its a suckers rally this afternoon in oil. watch the yanks take it down before close this evening.. still holding onto some Ophir (OPHR) i'm at breakeven there.

no sell the bounce in oil. brent going to $70

thats the 50DMA taken out.

$70 coming today. will get there in the end even if its taken a few weeks.

superb news!!

oil may get a dead cat bounce today. good op. to sell into it IMO. WTI $68.06 is resistance.

a measly 10,651 shares is the biggest buy trade so far today.

bid dropped to 17.14p.

meeting my MMs to decide do we take this above 17.50p or take the sucker back down?

its a waiting game now for the next bit of news.

greedy MMs.

08:06:15 18.6588 10,651 O 17.5200 18.9800 Buy

look at the offer price 18.98 at 8:06 this morning. now its 17.78p. i don't see many big buys going through today nor yesterday.

i'm in for alot more now @ 162.2p. support around this level me thinks. i could be wrong though!

aa111 - 120p is the 50DMA. i'm 100% sure that will get broken tomorrow. this will act as a big negative on the SP going into the end of the week. trend for oil is bearish. likely it'll take a day or two to get anywhere close to £1 as the hangers on will be hoping for a quick bounce in the oil price.

Premier will end the week a penny share i.e. under £1

its never catch a falling knife.

i'm afraid not Givingthelowdown. if $66.6 (devil's number!) doesn't hold then next support is at 65. it may get a bounce from there but technically its not a strong support level so it may eventually give way to the next support at c.$64.

i got WTI $64 as support.

support at WTI $66.60, dipped under it already..

its really important this holds else all of this year's gain (from Feb) in oil could be lost.

$70 will come very quickly in next half hour i'd say.

time to get life jackets boys..

oil trading sideways at the moment but not for long! i've calling this correct. watch & learn. brent $72.22

its bang on support. will it hold?? if not low $70s is coming. you watch!

$72.50 getting very close to 1st support. its critical that it holds else $70 is coming.