Member Info for Krakenoil

Epic you were correct unfortunately! Oil couldn’t maintain the bounce yesterday and now likely to test $70 ! Lets hope it doesn’t ! I’m suprised to see Saudi and Russia pumping at record levels and pushing down prices to be honest! I would have thought they would have tried to maintain $75-$78

Lets hope that 36p is our new support level, consolidation before our next move to 40p

Yes Enq still in the hands of our manipulators ! Walk it up, short it back down. But it is what it is until our volume rises. We need a positive H1 and maybe we might start looking appealing !

So along with the US both Russia and Saudi pumping at record levels ! So where does that leave the oil market? Not much left in reserves then. One hiccup and oil will rocket ! Remember Iran sanctions to come into play by the end of the year !

Just need Brent to bounce and it’s game on !

But the overall driving force is the plain and simply fact oil stocks are still declining around the world along with rising demand !

I'm expecting a bounce any time now to be honest ! Moved into oversold area now and in my opinion a move back to the 74 mark likely this afternoon/evening.

Like you say Chilt things change so quickly nowadays its hard to define the trend in any direction. Like Trump and Russia will do the complete opposite to what the market predicts ! Next week Brent may rise above $80 again

The price set by the MM is strange compared to other stocks of the same size and volume, if you look at the trades going through I just cannot understand the logic in how the MM is setting the price. of all the stocks I've traded over the years I have never seen the same sort of fluctuation patterns we see here.

Trouble is Squif the volume is so low at the moment the sp can and is being controlled with ease. That will change sooner or later I hope ! Mind you we have been saying the same thing for what’s seems as years !

Yes, A little more good news to add to the pot !

Tumbleweeds ! lol

We still cannot hold a rise even with further broker upgrades ! Looking forward to when we get out of this sticky hole !

NH could well have lifted 650k as K was brimming as she arrived and was hooked up long enough but I very much doubt it as the load would have been pre ordered !

I think your wrong gold, because no way we would have seen both NH and AS full throttle over that 24hr period to get to K ! The cost involved would have been huge so it must have been extremely urgent. So NH took a large load of 550k plus or she took a smaller load as you say and we see the next tanker a few days quicker than the last.

Well we cannot shake off those shorts ! Done well to pull us into back into the red today !

That didn't last long did it ! lol

Thought we may have broken out today ! Come on Enq we haven't had a Repairer spike for months and months !

LOOOOOONNNNNGGGG overdue !

This may be the time for those working the SP to move on or just long the stock now, The SP being way under valued currently and we may start to move back towards a position of tracking the oil price as we used to penny for Dollar ! Yes a move to 74p would be very welcomed by me lol