Member Info for MrEMC2

Senario 1:
68p or lower tomorrow then back up to 75p. Then another fall to 60p during the summer. Then hopefully a rise to 90p etc etc

Senario 2:
68p or lower tomorrow then back up to 75p. Then next week no more builds. Then climb back to 90p etc etc

Senario 3:

?????????????????

Who is selling at these prices - is just shorts?

Yes 68p but will MM let us buy at that price?

Thom back into the 50s. Good Luck

Using all my will power to resist buying in before 68p but it is a strain:)

from Goldman since 28th May???

I wonder if we will see 68p today.

Fluffybutton I have been waiting since October 2015 for a T/O - and so have you it seems :)

Look it dropped to 73p when expectations were for a strong rise to 90p+ following good results; so expect the unexpected!!!

I expect a bounce to 78/79p before dropping to 68/67p - that's what I think looking at chart of past performance.

Capra any comments?

Someone is buying up the sales! Stockmarket too precarious a state to chance buying any myself.

Capra thanks for sharing your charts much appreciated.

Thanks - mid 60s PMO would do me even if it goes lower. FTSE chart looks horrid.

Capra well done on those forecasts; any new forecasts?

Traders' paradise - not for me. Waiting for buyin price lower down if not then waiting for clearer price trend. Who knows direction of POO?

Over 79p - shampoo has left a sour taste in my mouth!

I know that the chart is historical but current trend is down so even it it goes up to 77p+ I will try to wait for the 60s to buy.

A blonde girl was talking to her redhead friend about her boyfriend's dandruff problem.

The redhead says "Why don't you give him Head and Shoulders?"

The blonde replies, "How do you give shoulders?"

So that longer term 2017-2019 head and shoulders pattern I feared, back in early May, has happened. Chartwise, how low does PMO go? Mid 60s I guess?

Please note: the Brent Oil contract rolled over on May 26, 2019 to the Aug 19 contract hence as I write :

Brent Future is 67.67
Brent Spot is 69.02

Members - I just hope that I don't repeat the same mistake with PMO that I did with Glencore. In 2016 I sold Glencore at around 90p, for a small profit, only to see it go to £4 over the following two years.

If I am lucky enough to get back into PMO at a low entry point without losing half my capital first then the long term prospects look promising. Thing is that GLEN did something about its debt pile that pleased the market ie sold assets and the CEO put his own money in whereas what is PMO offering on that front ... hope for a higher oil price??