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Any drop will be a buying opportunity imho... Tullow was oversold a few days back on dailies
S&P oversold and now recovery has begun
Brent within whisker of being oversold and then recovery will begin... if it hasn't started already
as previously said... TLW is oversold... s&p will go positive today I reckon
imho/dyor
Inventories at 15:30 gmt... should make things interesting!
my 2 cents... s&p (also has a gap on daily) and other indices oversold so will rally and hold up oil stocks slightly... Brent needs some more downside (albeit slightly) to be oversold and then will rally (Goldman Sachs forecast Brent 55-65 Wti 50-60... maybe target?)... wti needs more downside... a bit more than Brent... I don't think we r too far off the bottom here...
all imho! dyor
Tullow oversold on dailies...
One thing we know Trump wants: Stock markets up... be careful!
Kudlow the clue yesterday...
He doesn't give a flip about oil prices... does he pay pump prices?... of course he won't say that...all a charade...
However he does want the fed to cut and the dollar to weaken... its good for his chums and all their bank balances...
Be careful!
you've forgotten about Mr Trumpys feelings on the matter... be careful!
If Iran bombs Israel m8 we all better have a very deep bunker...
eh... its already hit 76.60?
This should be nearer 90p!
Because there was a mine collapse killing dozens of people... Glen down hence
Could the clue be in the name... hmmm... rubs chin
kazakhstan?
Ok roll up roll up...
My 2 cents... and prolly going against grain
Trump/china meeting goes better than expected - Russia, China, Iran axis forming and Trump will concede some sticking points but obviously say its a terrific win
- oil goes up
Opec meeting - Russia doesn't agree to cut
- oil goes down
Iran - Another incident and it all kicks off... well they did call Trump a ****** after all... massive tantrum and missile's fall out of pram...
- oil going up for the win?!?
p.s don't forget that meeting between Trump and MBS... deals being done? Tweets keeping oil in a pre-arranged range?... who knows!?!
Anyone else feel like the daily gap fill price would be a good entry point assuming we get there?
the reason is that the fed was dovish and the dollar sank... if you look back the vix did not even move when the tanker business broke... everyone was screaming and running naked around the plane and the vix did nothing... the trump card (pardon pun) is the weakening dollar...