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I bought the sxx at 13p, was quite smug and expecting double my money, then one day it gapped down to 10.5, I was out of it without hesitation
sxx is poison
i hope your lovemaking has more longevity than your trading
you never buy PMO
The dragonfly doji candle has been eliminated from the daily chart record, who did that then?
I topped up a few at 7.2 this afternoon, I think this tank will turn soon
...and all the while oil is falling.....mmmmmmmmm
https://finance.yahoo.com/news/saudis-race-restore-oil-output-075227121.html?.tsrc=rss
The International Energy Agency, which coordinates energy policies of industrialized nations, said on Saturday the markets were still well supplied despite the Saudi disruptions.
“We are massively oversupplied,” said Christyan Malek, head of oil and gas research for Europe, Middle East and Africa at J.P. Morgan, adding it would take five months of a 5 million-bpd outage to take global crude supply levels back to a 40-year normal average.
“Having said that, this attack introduces a new, irreversible risk premium into the market,” he added.
i think this is what will happen, Trump hates high oil , he will release their reserves into the market and price will bomb, so im not buying, GLA
Thanks Maxroi...'The Department of Energy said the US stands ready to release oil from the Strategic Petroleum Reserve if it is needed "to offset any disruptions to oil markets" as a result of the attacks. .....The reserve holds some 630 million barrels of oil'...!!!!!.
Surely this is now an opportunity for Russia, Kuwait etc. to open the taps, Im assuming the OPEC production cut agreement will be torn up? , thus mitigating the supply shock, I guess the markets will tell us tonight
69p.......oil is about 10 dollars higher than it will be in a few weeks from now.....GLA
Also you cant keep Iranian & Venezuelan oil off the market forever
The more Saudi cut, the more US pump and sell, Saudi's slitting their own throat.
by todays oil spurt, looks like a 1 hit wonder to me
That one is moving towards MExico
Leaked value of bids wont be meeting TD's valuation which is probably based on 70 dollar oil, we have WTI in low 50's and a downward spiral flirting with many ops breakeven, in this market Zama is worth at best half of the valuation 200 -250 m, if oil drops below 45 dollar Zama is worthless , TD wont be selling it for peanuts, he will hold onto it until confidence rises
I think that was sensible, I guess we will close at 77.7p today
The oil price fell on news from OPEC, higher production for August, the oil drop had nothing to do with weather forecasting