The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Well lacklustre week , feel like a pin ball !!! Goldmans normally spoof market and talk it against there positions but admitted they got it wrong $70 usd brent this year!!! Now they are calling for cable to collapse to 1.20 and gbp/eur near parity? don't think so!! too much support at lower levels market been whipped up more than one occasion with current climate and all caught short!! Hey we are almost at the bottom of the range , buy any dip, may be a spoof by goldies but think they are still short and once 1.30 , 1.1620 goes they will be licking their wounds. as to BP reckon range bound with a bias to lower as above , oil in a lower range and still got to put 750million write off into the equation reckon 400 450 range now
With oil posting a lot lower average than 54 for Q1 opposed to Q2 and with a 750 million write off, reckon figures will dissapoint! Reckon may see an aggressive sell off if 440 goes as more longs/ bulls around. Would love a chance to buy near 400 to hold. Mother Theresa getting slammed in the press so any sell off in cable should give some support to ftse100 however slight. Be interesting to see the Q2,s of large U.S. oil companies to judge the true implications of crude sub 48, I think they come out a week earlier?
sold out my 200k as broken through lower channels and fib levels, despite oil up a tad, reckon indices still go lower as I said before rates going up worldwide. managed to buy stg/eur this morning at 1.1280 as had big fib support 1.1260 happy days then carney opens his mouth! love that man x As to Bp reckon with oil prices off reckon Q2 figures although good may disappoint , stabilization notice for Socgen gives some support but reckon we have a bit more on the downside next week or two. support 420 400 resistance 462 470 476 still think Bp a buy but rather be long near 400 than here and then hold
Hi Guys,, we are stuck in a rock or a hard place!!!!! Indices toppy and unless new encouraging news we HAVE topped . To make it worse oil has taken another hit to levels pre OPEC decision. Although the projected revenues look good, you can NEVER stand in the way of fundamentals so today's move very disappointing. All the good work unravels. We need to hope Q2 forecasts are not head of the game, with lower oil prices, resent sales may reinforce balance sheet but 46 USD per barrel is no where as good as 55!!!, im still long 200k@ 418 so sticking with it!!!!!
Hi guys , cable sell off gives S/T support to FTSE 100, but top of range!!! Moody's news encouraging together with a few brokers and Deutsche bank!! What I can't get my head around is why would someone buy a Dec call 10 million barrels at 80 USD strike???? Seems mad and pointless. Like to know the cost?? Think its either a mistake or some type of spoof, but still confused???
Oil price putting tops on share price together with election hold off, ecb tapering Thursday I feel as EU economy doing well bar Greece!! Any shocks election will cause Cable to be sold off, but that only a shorter hold for FTSE 100 as top of range. Muted fed hikes in US due to figs but ultimately rates are going up worldwide, so indices toppy. We need oil to bounce to say 54 to feel a little better, that's the only real catalyst
Hi guys, Oil has taken a hit but wait for 49.40 to break before getting excited!!! Still think there is a big buyer out there soaking up any spillage ( apologies for pun) The average price will be lower for 2nd Quarter but Hey lets look at the bigger picture as to restructure. Forecasts may be head of the game Q2 but lets get real, we are talking a much more leaner /meaner machine. I am long 200k now at 409 I expect to sell them at 617 very soon !!!
FTSE slips on latest poll news and cable breaches 1.29 so sp lower , Look at the volumes again 12k sold to 69k bought ??? that's strange, normally a silent buyer sits on the bid and not normally hits the offer to registrar as a buy? any explanation welcomed ???
Cautious fed comments allows Dow to trickle higher, market seems less impressed with OPEC comments/ decision and Brent lower, give the market time to digest and we will see true direction!! My guess 51-56 whichever breaks!!!! Support 470-475 cable topped on today's figures should give support to FTSE 100 7450- 7470
Hi guys, bottom limited till Thursday's Opec decision and then often taken with a pinch of salt!,,, Need oil to break 56 but support now 470 Have to be Patient but fuse 100 range bound Till election and at top of range 7550_7200 and cable In range 1.2850_1.3050
Yes, but if I were them and had a serious interest, rather pay £650 to get shareholder approval, why not sit on bid and buy say 100/150 million shares, then their average price for take over looks much better value!! We will see a sell off tin in FTSE after does dump today!!
Hi Borgy74 good thread worth reading https://www.poundsterlinglive.com/gbp-live-today/6792-gbp-to-eur-and-usd-rally-juckes-spreads