RE: VERY LONG TERM HOLD ?6 Jun 2020 22:44
Well Friday was the first real move up after many many weeks of being held in a very tight range, even though there has been very positive developments (New CEO, Uganda sale, POO rocketing)
I think Monday will see another big rise with the OPEC agreement to extend production cuts. OPEC + want oil in $50-$60 as a minimum, and US shale looks fooked. I'll be disappointed with any close below 35p
Shorts are over 8% and will want to close.
We should end next week 40p plus
What are your thoughts for Monday ?