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Sold remaining 35k shares just below 520, got a resistance fib at 523.
Hopefully it won't sail through on Mondays open after dows rally, buy any dips near £500 now,
Still got Divi, bought 50k T10 @ 487.5 and sold them 517.5 :-)
Also 66 Mil sold against
19 Mil bgt, someone smart soaked a chunk in below 490 and connected director bought 600k shares ( £3 mil ) at 492.7 a couple of days earlier.
Dow making a recovery as to is Brent, erasing automated sell off in thin markets!!
Hi guys , took a small hit when my Fib support broke 525, sold 50k shares at 523 few weeks ago as the markets
looked soft.
I think oil price drop over done and got next Fib support level here.
Just bought 30k shares T10 at 487.50, got another 20k in reserve to average if we keep going but I doubt it!!!
Been a very vicious sell off in Brent the past two weeks (25%) but there is some light at the end of the tunnel.
Natural gas has jumped some (60 %) during the
same period causing funds to sell oil buy gas.
This move together with Trump's comments but
Despite this hefty drop I still see a Q4 average @
70-72 USD average.
Bob has already said they are profitable at 55 USD a barrel and expects oil to settle in the 55-65 range which we well above!!
As to future profits with the gas bonus ,profits will remain robust.
Buy any dips made available
Wish I hadn't gone full in 50k 536 average but didn't expect trump to spoil the market with a stupid Twitter! Opted for shares rather than Divi down here as believe we are near bottom, cable should hold tippy here with Mays plans finding multiple opposition, hold your nerve we will be higher soon