DBNO you have zero credibility with your predictions! Traders overall are still long on oil ! Enough said ! Do you really think that if your theory were anywhere near possible we would see longs of 58% ?
You have been wrong on so many occasions it’s laughable! - it’s red or black with you !
Long term over the next 2 years this will be back in the 300’s may even be higher than that ! Let’s not forget that lack of investment between 2015-2017 will hit the oil market hard as declining production From the other 60% of the worlds production starts to take affect! $100 plus oil is inevitable sooner or later
This has mega bounce written all over this ! Oil bulls back in control but caution is weighing on oillies at the moment. Won’t last long ! Same as the last time.
Target for me is 136p
If we get a tree shake today, might grab some more, Lets see what oil does later on, hopefully as the profit takers exit the price drops back to around 113 then I top up.
If Brent trades between $70 - $80 for the rest of the year then I think we will all be having drinks together towards Christmas !
We should invite AB to the 60p party ! He can pick up the tab at the end of the night lol
DBNO I take it you didn’t buy back in then ? When it’s all doom and gloom and it looks like it’s a bear market do the opposite! The markets are being played like a fiddle at the moment ! Wouldn’t bet against $80 Brent in the next few weeks either !