Oil is now in a big fat downward trend. The trend is your friend. Do you buy against the TREND ? Or do you wait for the trend to change ? Anyone buying tomorrow is basically hoping they have caught the BOTTOM, but as oil keeps falling and PMO keeps drifting down people stop losses will be taken out creating a waterfall effect what then snowballs the price downward. 68p, 62p, 56p 49p. Let's see how far they take it.
Primetime, I really dont know why you are being so aggressive. I have posted my thoughts and that's it. Indexes goes up and go down. Gold goes up and goes down Oil goes up and goes down. Pmo goes up and goes down
Only people that need to be worried are people using spread betting /CFDS lots of margins calls in the morning low 60s might be seen. If a nice fat draw Tomorrow might see a bounce
1. Trade wars - us - china. 2. Europe economy 3. Brexit 4. Oil price 5. Gas price is one to watch..
Prime, 20p of share price is 160 million. Market mafia will take this where they like not me talking it down or you talking it up.
Look outside the window prime the dow is down 1000 points.
Anyone buying in tomorrow is just hoping it's the bottom what creates water fall effect as the oil price keeps falling and falling and stop losses are taken out.