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Hi Boyo thank for your valuable input as always, is nice to have you back!
BP Q3 report is on Tue 01/11/2022, let’s see if the Market is generous to Shell to the upside like it was to BP on Thursday
Well hello £24 is nice to see you again, I forgot what you look liked for a sec! :-)
https://oilprice.com/Energy/Crude-Oil/Oil-Could-Surge-Well-Above-100-After-Midterms.html
So far a new Lower Low 2500 (Closing price) was made on 23/09/2022 from the High 4180 (Closing price) made on 04/11/2021.
I think the next 3 to 4 weeks will show where the stock wants to go, IMHO it could make another a new Low before finally turning to upward momentum again that is excluding any unknown bad global economy surprises. I have been wrong before so let’s see what the follow-ups hold. IMHO DYOR GLA
https://oilprice.com/Energy/Oil-Prices/Oil-Prices-Are-About-To-Reverse-Course.html
Hi Barrie
I really don’t know what’s driving the SP today or if there’s a single driver but to me normally there are a lot of contributing factors like today’s UK economic data (PMI figures), the strength of the Dollar that makes Brent more expensive to buy, higher trading margins which might reduce the number of market participants etc etc...
https://www.hellenicshippingnews.com/dont-expect-gas-prices-to-go-much-lower/
Wow what a fall today 8.13% to a new Lower Lows 2770 from the High 4180 (Closing price) made on 04/11/2021.
Bears on the prowl again
https://www.cnbc.com/2022/08/31/an-iran-nuclear-deal-revival-could-dramatically-alter-oil-prices.html