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UK and European gas prices hitting another record high today as the Russia/Ukraine tensions ratchet up another level. Surprised oil not following on the gas to oil switching….blame the iEA report for now

Also wouldn’t be surprised to see a directors buy notice pop up tonight or tomorrow. If they were happy to buy at 400, current levels are an absolute bargain..

Ideally need it to close above 355.20 to get a bullish engulfing key reversal candlestick on the daily charts…looks more than possible with current momentum

And on the third day Capitulation ended as the weak selling dried up. Still a risk that gamma off the options sellers. Wonder whether some of the legacy creditors got a bank to underwrite options for them whilst they are still locked in…? One theory for the transfer of these protected portfolios. Glencore IPO had citi writing options for the locked in principals to lock in their cash early..?

Don’t believe the hype about oil being the new tobacco sun stocks. World genuinely needs 100mmbd oil and this number is growing despite the so called transition. TTF gas price through the roof again as Europe try’s to control Putins intentions with Nordstream 2….energy transition is too far away to make up for the current underinvestment in new exploration. opec see the demand hence continued release of the cuts ( Saudis also need missiles as the ME tinderbox has started to simmer once more - Israel intentions are scarey).

Anybody who wants exposure to pure upstream oil and gas prices without paying for transition and having size in production, have very few investment choices. Dividend and solid debt reduction. Under my 360 b/d but added 2 tranches at 335 and 338. Good Luck all

Capitulation tends to always occur over 3 sessions, with the third day the final shakeout. Right back on the major support area, so hopefully this mornings minor shakeout was the end of it. Slow climb back up the stairs…grrr

200d MA at 401…tempting as seems to have bounced off the big number

Yep looks like a karmanix type trade going into the presentation…seems to be plenty of stopping out

Can we please find another place to debate the great reset chat…maybe the advfn board as nobody ever posts there! Clogs up the board with non hbr chat and I personally find it f’ing tedious.

….but more likely the headline that 3 doses of Pfizer neutralise omicron in lab tests. Certainly moved your indicators jefff, look at that 10y go ….

In my view Capital Markets Days are about selling the company to investors, and showing all the future projects, revenue generators and a general health check. Results days are the ones for dropping bombshells. Not to say that some of the story may end up disappointing some investors. May be wrong but after months of sparse news, it should answer a lot of questions….is there a closed period for ramping or deranging a share ahead of one of these announcements? Good Luck all

Spx is on the highs , don’t get you …or you mean hbr share price not reacting? Thought you always said the 10y controlled the markets not little old hbr…;). All the best. Agree though crude getting a little overbought on some of the indicators

….Biden will block Nordstream2 if putin invaded Ukraine….gas price spikatron…ttf roofing…kerching for hbr

Didn’t expect some of those crude targets to get hit this afternoon. Crazy markets, retraced 10 dollars of the drop in less than a week

And for those of us more Brent aligned. Closed above the 200d MA around 72.90 last night. Last week bounce high 77.02, with the 50d 76,80ish and 22d ema 76.70ish being there near term targets. Head and shoulders neck break 72.60 with potential 6.80 upside if it plays out . 200d first major support if the uptrend needs to retrace a little.

In the blue corner… bullish divergence on the WTI RSIs was key indicator ….now just need to close above that 200d MA around 71.30ish to keep the momentum up in the move back up. Once closed above will be quick shoot to 72.92 high from previous week, ultimately closing above the 72.73 22d ema which is a massive positive then onto the 75 breakout area. 4 hourly stochastic bit over stretched but not crossed yet. 69.20 was also the neckline of a head and shoulders worth 7.20 to the upside - will let you do the maths and DBNo provide the counter argument.

Those Chinese oil import numbers (and India) were phenomenal this morning, as they up runs to avert their own energy crisis…plenty more buying ahead of CNY and the winter Olympic s. No wonder the Saudis upped the OSPs when they see that sort of demand….and also they need the cash as they’ve run out of defensive missiles apparently - bet the Houthis haven’t….HBR takes out 437 before CMD? Good luck all, should be an interesting afternoon.

Very interesting that Saudis increased OSPd to Asia, a bullish sign as they see the demand. US also made a very strong statement condemning Iran for the breakdown of nuclear negotiations - that extra oil ain’t coming any time soon…then you have Houthi missiles launched during the Saudi Grand Prix and Fauci saying that there is an over reaction to Omicron…building up for that Santa rally imo, especially with spec length positioning now so low- plenty of space to add…spin the wheel but hoping for a 420 handle going into Thursday…like to see that insti holding number continue to creep up so that I don’t have to keep buying them for them. Enjoy the ride this week and Good luck all however you play it. That work for you rookie?

It has the feel of another big transfer of shares on the ut, the way the price action is today….

Institutional ownership up another 0.5% this week,. Just need to close the gap at 423.35 and break that 425 recent resistance.

Looking less likely that we get any significant RNS news before next Thurs, but no bad news either as they look to get Tolmount operational by year end. Directors don’t buy if they see major issues

Next gap to fill on the charts 423.35 from the 25th Nov…Really about whether OPEC leaked the bigger demand surplus numbers on purpose as a justification to rein production back in or stall the January production increase…

Gap up on open, closes the gap from yesterday at 406.2 and leaves an exquisite island bottom below….what does everybody else want in their advent calendars…could all do with a boost (er) . Good luck all

And gas prices both nbp and European ttf, which are still staggeringly high with gazprom not providing full volumes, use barchart dot com