Member Info for downbutnotout

remember the 4 hour time-frame. worth waiting to see if this has legs or not.

up 30c in a few seconds.

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waiting for the mud to clear. not easy to see which way oil will go.. but i do think its heading lower.

$62.40 next stop.

not sure why brent is higher when USD has risen alot last couple of days. hmmmmmm

crunch time. oil is at the next resistance as i type.. lets see what happens from here..

i'm waiting to test for next resistance now. not too far away..

Quadrophenia - not watched it enough to know. its about mods & rockers fighting? a bit like this forum! ;-)

183p hitting resistance there.

mid-morning. good time to recap events. yesterday's low was 177p. SP 181p. lets see where oil price is at 12:30, thats the end of the 4 hour time-frame.

positive start for oil but still far too early to tell if its an up or down day.

all my correct calls have been on the day of the drops. i often sell too soon so will try to hold for longer this time. maybe sell half to lock in a profit along the way.

stabilising or overbought? its a fine line sometimes. i still see negative pressure on the oil price.

path of least resistance for oil price is down at the moment. don't know about a rise but 175p close looks possible. few will want to hold this baby overnight.

correction, that should be 62p yesterday.

forget Janet Jackson thats was the 80s. its 70s now!! https://www.youtube.com/watch?v=na7A3-UCCYE

looking good today so far. looks like i called it right again, 3rd time lucky! previous calls at sub 70p (1st drop), mid 50s (2nd drop) and yesterday 52p..

summary of whats changed in last 6 weeks appreciated. apart from an increase in short positions!

oil is like a juggernaut. once it sets on a path nothing can stop it. 1st service stop at $60.