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Although stg 's recent rise. So has
Brent made a healthy inroads to top side.
Despite healthy buybacks we are
Still on years low.
Two questions;
1, Are Norways wealth fund selling their holding into market?
2. Why did new chairman sell his 7 million shares at £569 or there about? Have the buybacks been a way of trying to aleviate downward pressure for sales coming out of Norway????
Just a theory. Any ideas chaps?
Hi Zzzzz
My broker lets me trade
T10 so I can job 15-20 PT moves
In up to 50k shares without charges knocking
Out profit, I pay stamp and a small community getting in but only pay £10 to close on a 50k share trade
Hoping we see dip 504-520
Hi Guys,
Managed to buy 50k shares 538 and sell 553 last week T10 which negates loss the previous week and still get Divi
:-) But I think Brent and ftse are at top of range around here and risk more so on downside as think we have heard all the whims of Saudis and Opec and still we stay below $68 and BP 562 AFTER Q4 RESULT.
Don't get me wrong I am a buyer £526 ,£514 and £504 but reckon I would rather wait to buy a dip than get caught long at the top to get divi two weeks ago.
I appreciate I am a fundamental buyer but try to job smart in between and for some of you , a hold and wait is your game.
A lot more selling recorded recently as I have noticed which would explain resistance in Brent at these levels but there has to be someone the otherside!! also a huge amount of option volume puts being bought as a hedge from
various countries.
After Cheltenham sitting on my hands and waiting for a flash dip in the coming weeks, I may be wrong but the risks
are limited
Hi zzzzzz
Brent was holding nice above 65 till that dog Trump opened his mouth!!
Got divi , think bottom is limited but will be dependant on crude short term, reckon we have a top now at 67 usd for the being.
Citi posted an average of 64 usd for 2019 but normally take their advice with a pinch of salt as they are probably unwinding a position contrary to recommendation as do Goldmans.
Reckon buy levels 523 508 and 502 , I will average in hopefully to get a net position at say 512 if we see a sell of in crude.
reckon you buy if ftse 100 near 6800 Brent base now 55 usd but we might see 58 and pounce if we hit these lvls.
We need a big shock now in markets, probably lead stateside if we are to see further aggressive momentum on the upside say 560 break!
Hi guys we all know the long term trend is up,getting more compressed ranges and although should be long Q4
willing to risk 20p to get on a real move.
That said Brent holding onto gains for the time being.
So often buy the rumour sell the fact whilst markets digest data, you have till the 13th to be long to get Divi.
I am hoping to buy 500-505 and 480-485 if I need the average on position now 60k shares.
May be in range still but the bottoms are definitely rising, good luck all tom
Hi ZZZZ,
I have got two strong FIBS @ 523 and 487 which also corresponds to a nice up trend line, also a minor FIB @
507. I missed selling my 487 longs at 537 ( high 535.30 )
I think markets are a little toppy around these levels and running with buy panic dips scenarios, my 487 purchases
corresponded nicely with Brent breaking below 50 USD.
For the meantime think we struggle to breach 540 and we need some new positive news to do so.
OIL price is key at mom but sometimes takes a day to kick in so be patient and disciplined.
I think a buy 490-500 will be a good move longterm and I want to long before Q4 RELEASE but my gut telling
me we might see one more extended dip before we resume higher.
I think oil will find support now 54-56 so we might see 475-485