Member Info for Plebleens

ROS1, open yourself up an IG account, you know you want to.....only 75% of clients lose money or so they say.....and I put you in the top 25! No CGT as well, as long as it’s not your main stream of income

I was being slack this weekend so forgot to look, but they’ve been pretty regular every 7-8 days. Navion Oslo did the previous 2 and Stena Natalita is now at McDuff so expect it to head to the field over the weekend

Crude: -2.057M
Cushing: -1.250M
Gasoline: -1.719M
Distillates: 0.839M

You back in now Giving?

Monsieur Barnier, we reject

Enough to stop this mornings malaise

Chinese Indices up over 2% overnight as the government looks to introduce a new stimulus package to counteract American tariffs. Oil flat after initial dip to last nights neutral stats, let’s see what EIA bring us. Still most telling fact of yesterday was Saudis admission that they may struggle to keep an 80 dollar lid on crude.

I’m looking for PMO to attack the top of that triangle formation just over the 127 mark.

Surprised that Whitebox short hasn’t closed yet. Assuming their back office staff went on holiday and forgot to send in the forms. Let’s see what happens next 2 days.

Bit of a wash out and net off

Crude Inventories:
Crude: +1.249M
Gasoline: -1.485M
Distillates: +1.536M
Cushing: -1.570M

I’ll give you that one on the trend, but your bc leg is stretching the Fibonacci levels a little. Best bearish case is that we forming e of the triangle, but candles don’t look that way and there’s no bearish divergence on any of the indicators. And also think we are boring the nuts off the rest of the circus. Where’s Baysil these days, always one of my favourites, after Geo of course.

I don’t really agree with your wave pattern as it has to be at the end of the trend. The aud/usd chart finishes with the new high after a 6 month trend before coming off. Also you are talking over less than a 48 hour period, again not enough juice by the time you’ve taken in the bid offer spread. But then it’s good to have opposing views as every buyer has to have a seller. The 3 month long consolidating triangle is the strongest formation on the chart imo ( apart from the uptrend from 19.) Look for that break around 127 and good luck on your re entry tomorrow!. ;)

Hi GTLD, For my interests sake, can you point me to a recent example of this?

Ta

Fortunately for you and as I’m sure you know ‘free cash flow’ rather than a dog of a share tip for aim.

Keep the faith

The share price has been consolidating in a very distinct triangle pattern since early summer and the upper boundary now cuts in just above 127 and is the first key resistance on the way back up. In fact clear just over 130 and we break the neckline of an inverse head and shoulders worth 20 points targeting 150. Hopefully will unfold over next few weeks?

The statement from the Saudis was very telling. It implies that they have very little left in the tank to counter the uptick in seasonal demand in q4 and the loss of supply that we are slready experiencing from loss of Iranian barrels. $80 will be a very hard barrier to keep the market under imo.

All good for PMO FCF.

If you’re ever stuck to why oil has spiked or dropped, and don’t have access to Reuters or Bloomberg, then go to the #oott thread on Twitter. Somebody usually posts within a couple of minutes of the headline.

Type in “Former Goldman commodities traders launch own fund” into google search to read the FT article. These guys have been around the block and know their stuff. What is most of interest is that they are setting up a ‘long only’ fund to take advantage of the usual bull run on commodities at the end of the financial cycle. 2-3 year time horizon before the gradual interest rate rises put the brakes on the markets. Encouraging for commodity shares.

Comedy execution by our seller today, assume they had an early lunch to get to. Sackable or prosecutable? Certainly made a few happy on here today with some cheap shares.

All in all a pretty decent week. Highlight being that golden cross in the weekly MA for me, but maybe I need to get out a bit more....talking of which, lunch, have a great weekend one and all

Apart from the devastation to Infrastructure and human lives that hurricanes sadly cause, they are not always bullish for oil as they cause a drop in product demand, unless they shut in rigs.

Each to their own and their own particular trading strategy, but short term we have the gap to fill at 126.40 and current momentum looking good to test the top of the range again.

NSea physical diffs are increasing as refiners tend to buy oil 6-8 weeks out, and with more and more seeing Iranian as a no no, it puts pressure onto other grades. Floating storage in NSea basin pretty much disappeared as we head back into backwardation. All good for Premier which prices off a diff to dated Brent.

I had a look back at the last time the weekly MA golden crossed back in October 2009. PMO share price doubled from there to Jan 2010. Roughly 260-520. Brent moved from $65- $80ish in the same period....no idea what the debt was though....nothing is out the question with a good tail wind provided by those Iranian sanctions and oil pricing in the 80 buck range....,

Just wish a quicker decision can be made over those MOL catcher barrels, as they are getting more expensive everyday.

iii of 3

Crude draw of -8.636 should put the cat amongst the pigeons

Possibly a bit of bond nonsense at play, but most of it was already washed out. Similar candlesticks the last 4 days in BP and Shell, just that PMO has a higher beta on these moves. Sad week for my oil portfolio despite higher crude flat price in dollar terms. and same candlesticks for ftse. Possibly Harami pattern today, that should see a reversal/correction tomorrow.

Let’s see, but long term all looks and should hopefully be paying some of that debt down, so we can get some Brownie points to buy those MOL barrels....

Really don’t think this has anything to do with the bonds. The bonds were netted out against the shorts and were a much much smaller rinse than last time. This has more to do with the recent drop in the FTSE set against a strengthening cable. BP is 10% of last months highs as is Shell. UK growth figures were good this morning but the sterling strength after Barnier comments just keeps kicking us down. Dollar revenues, Sterling cost base. Could be worse, look at the miners getting hit by tariff trade war and the currency. Thank the oil gods that the fundamentals are in such good shape. Frustrating, really need that next interest rate rise in the States....

First net off goes to our many sided friend. Others to follow ?