Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Sigma, look again.. you were correct the first time :)
VIX was flashed above 30 today - a turbulent March looks to be on the cards, with money to be made for the brave.. whether that is longs or shorts means remains to be seen. Strong gains, with the FTSE hovering around a strong resistance line, has me leaning to the bearish side. BP has enjoyed strong momentum recently, but should still provide some more buying opportunities as volatility increases.
Momentum in oil only slowly dissipating, with Brent heading for $73-74 over the next few months (unless OPEC have other, dramatic ideas). Perhaps a correction over the shorter term, given the impressive momentum of late - pushed through $57 with surprising ease.
Potential money flows from BTC/LTC could be boosting DXY.. although DXY is due a run - looks like its formed a nice double bottom with the 2018 low, could see it test 0.94 area. VIX also hinting at further movement, will make for an interesting Q1.
Sorry folks, but it's naive to believe high volume indexes/stocks move primarily in relation to politics/news. A good recent example - why did the oil price stop it's descent and start to rise 10days before vaccine news hit the markets? Media was in full bear mode during this period.
Large volume financial markets represent a naturally driven, closed system of interacting agents - as such they have a fractal dimensionality and the dynamics flow between 'phases' exhibiting characteristic power law behaviour. The primary driver of all of this is human sentiment, which is very difficult to model but nevertheless, on appropriate scales, 'follows the rules' - a simple example being the application of Fibonacci based modelling.
Look at the oil price for the last 10 years - a beautiful chart.
FTSE has completed it's 62% retrace on the weekly, with a negative momentum divergence.. careful stock selections required from here. Commodities producers such as BP could be a decent bet against a likely FTSE wobble in Q1. Will look to re-enter around the gap. Good luck folks.
I think we can safely say 2021 will be an interesting year for equities.. almost everyone's a bull - is this going to be a year of two halves? An initial bout of optimism before reality comes back to bite after Summer.
Tacet, what's your thoughts on DXY, it looks like it's breaking ranks from the trend akin to Dec02/Jan03, but it's just sat nicely on the monthly 38% Fib line.. Other variables suggest there's a snifter of a rally on the cards - could it regain the trend?? Interesting times!
Hi Tacet,
I mainly use Bollinger bands (along with a few others) to aid timing/decisions. I've been using a setup with BB's on 20 period, 2 and 3 sigma with this capturing BP's action quite nicely. 267p is around the recent movements 61.8 Fib level, so maybe another test of that when the US opens. Hopefully US stimulus news can provide the lift we need to close over the 282 mark this week. Using the daily BB chart, I'm working on a close below 265p signalling the end to this current trend.
Hi Tacet, interesting times coming up.. I have the 9th-11th (ish) marked on my chart as perhaps proving significant. Have the notion that the initial move to 280p could have been wave 1, with the small recent pullback forming the 2nd wave.. if we get a move north then, as the theory goes, it could be a decent monthly candle. Plenty hazards on the horizon, but it looks plausible on the chart (to my wishful eyes, at least).
Today’s news is not ‘the’ Oxford vaccine news. Today’s update is regards publication of phase 2 results being published in the Lancet - these results have been known for some weeks now and do not give any insight regards efficacy.
The ‘big one’ is the Oxford phase 3 progress, this giving details of the efficacy of a more conventional vaccine, as opposed to the Pfizer/Moderna offerings. Initial phase 3 results are expected before the year end.
I made the mistake of selling too early - didn’t expect an assault on 250p quite so soon. Ach well. Back in at 242 and will add a few on any dips, 237, 228 the numbers I have in mind. If she can close above 255 then hopefully a run to test the ema200 area will be forthcoming.
As the II article suggests, there are now a number of technical indicators suggesting a reversal could be coming. The sellers drying up isn't hard to fathom - who is going to approve a large stock sale at these prices? As we head into winter, those brave enough to remain short will be getting twitchy as their position gets riskier.
Tacet, your angle is clear, but baseless comments comparing RR and BP, talk of RI's, BP at £1 etc, are just noise and not going to be taken seriously by 99% of the people that read this board.
https://www.ii.co.uk/analysis-commentary/chart-week-are-oil-majors-really-buy-ii513848
Being milked dry at present, as are many others. II's shorting the knackers off this and printing money day after day. Given the circumstances, a FTSE-wide ban on shorting would have been a 'responsible' move, a levelling of the playing field to an extent. The last thing the UK economy needs is even more money moving into the hands of those that don't actually spend it.
For me, if a company like BP doesn't recover from this daft valuation, then we will have said goodbye to society as we knew it.