Humble Pie20 Feb 2019 17:08
Credit is due to you. PMO recovered nicely from 73 to at close, so wiping out the 3% losses, but ending virtually unchanged, despite a huge jump by Brent from 65.5 to well over 67 in the space of an hour or so. My prediction today was wrong with regards to PMO, but TLW gained again almost 3%, so once again PMO has underperformed Brent and its peers. Rejoicing for a 0.3 % increase on a massively positive Brent day is a sign of the current market. Btw, PMO spread is sell 76.10 and Buy 77.05, so a full 1p difference and I am at a loss to explain why it closed at the bottom range of it when Brent was at its highest at FTSE close. But well done to you and stupid me. Still lower than I sold yesterday with Brent at 75.92 though...