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They just seem to know even when oil is about to drop, SP dropping prior to it.
Oil took 2 full days to get up, then dropped $1 in just a few minutes. Certainly people out there are milking oil price for all its worth and making a pretty penny with it.
Has anyone seen any other news that has caused such a quick fall.
Mrd, I feel for you, always hard to get the bottom, but sometimes its worth waiting a few days for it to settle, when something drops by large % just to be sure it settles.
Oil fell like a stone last few minutes, so you can never win at this game, just all luck, no skill involved, PI's are just the bottom feeders, making the big, get bigger and richer.
And another day of suppression. Then oil drops and back to normal.
This oil volatility is just a load of boll*x , no wonder on any rise most people want to take their profit. Same old every day.
I never learn that every time it goes into profit, sell the lot and wait for it to drop again. That pay day, is like a rainbow and the pot of gold. You keep chasing it, but you never seem to get there.
SP now in a minus figure ...FFS ....rant over !
Yes waiting for a tweet from the "tweeting tw*t , think hes too deep in his impeachment rants to notice oil has gone up....
sshhhhhh keep it quiet.
Hit $64 again... come on ....... lets get this SP over 90p again.....
we got targets to get to, parties to attend hosted by myself for all long holding sufferers when £1.35 reached.
And am happy to show my ar*se in boots window once you get us there, so don't "dilly dally" along the way.
That makes 3 of us, my minimum is £1.12 but ideally would like to take around £1.30 to £1.35 should be achievable at some stage. All stop , start but hopefully will get there, as it did last December 2018, although oil was higher but then better fundamentals now.
Good luck guys, will buy you all a drink when it gets to it. :)
Geo101, thanks for posting, useful to have him re-confirm that the Zama potential sale will be taken off debt and that is still his target, rather than using the money for elsewhere as has been suggested on here.
The fact he has quoted $1.5billion target is something tangible we can all work to and will help to make it less risky to investors.
Hopefully one day, the parasites will be off PMO back and we will see true value once again.
Thats it, oil is volatile and we seen gains can quickly retreat, however, oil does seem strong.
Just for insight, this is the screen I use, (in attached link) I rent the software from sharepad, so it shows real time orders going through. When I see a pile of red keep going through with little buys and when buys come through, reds immediately come through, to take back down , often I assume the algos are at work. Only IMHO.
https://www.dropbox.com/s/50abfmodxhb3c30/sells.jpg?dl=0
Yes loads of red sells been hitting the screen. I realise some maybe selling taking profit (the little there has been last couple of days) but seems too heavy to get a decent lift up. Sign of the times with PMO, as soon as lifts, many want to sell, as they know all too often rises seem short lived and combined with what appears some downward pressure. Big shame.
If we get some volume today will help. Oil well up from last nights close, but SP lingering , was hoping for a lift up first thing, although realise it is early. Should be over 90's with oil nearly at $64.
GLA
The £700k is an uncrossed trade which happens each day at around 16.35, basically a mash up :)
Look on google for full explanation of this link...but just ignore it, means nothing really of any consequence.
https://www.ii.co.uk/discussion/t/uncrossing-trade/1014087
I am more excited about Oil just hitting $64.0 (last time was on 23rd Sept) than
Corbyn is about creaming he will become the next prime minister.
In fact, bet Corbyn has as much chance of becoming prime minister as this SP of hitting £1.12 by end of next week. (and I hope to eat my words)
UT = 87.62 lets hope oil stays up tonight. presently 63.38.
I did see a bit of pull on the SP today but once again thankful its up rather than down. Will see if an RNS is out in next 24 hours from our good friends GS.
Dodger, I am just glad at least oil going up..... that's one positive as normally everything tanks together. :)
When oil is up and PMO lags, I then realise eventually value will come, its when everything falls.....i get nervous how low. Just need $63 to stick for my sanity.
Agree thought would be better gains today.
Trump will start to come under pressure soon or the pressure will give him that heart attack and help get him out on ill health through the back door and save him grace the pri*k.
OPEC talking about extending cuts to mid 2020 but not further cuts for now. will be disappointing if they dont cut a little more.
Extract below
Oil prices rose on Thursday after a Reuters’ report showed OPEC and its allies are likely to extend output cuts until mid-2020 while fresh reports emerged that China has invited U.S. negotiators for a new round of talks.
Brent crude futures rose 69 cents, or 1%, to $63.09 a barrel, while West Texas Intermediate crude futures rose 82 cents, or 1.4%, to trade at $57.84.
Both benchmarks had fallen earlier in the session.
To support oil prices, OPEC and its allies are likely to extend output cuts when they meet next month with non-OPEC producer Russia, according to OPEC sources.
The sources told Reuters that formally announcing deeper cuts looked unlikely for now although a message about better compliance with existing curbs could be sent to the market.
https://www.cnbc.com/2019/11/21/oil-markets-us-china-trade-deal-in-focus.html
If anyone looking at L2 screen, there is sure alot of AT sells keep coming through when SP is trying to get up there.
Who will win, Oil going up or whoever trying to keep this down. Need to keep this oil up or, for sure, they will get this back down.
All of course IMHO
Oil......Please, please, please , please, please, please, please , please, please , please, please , please, please, please, please , please, please , please, please , please, please, please, please , please, please , please, please , please, please, please, please , pretty please, stay over $63 now FFS
Need to get the show on the road to £1.12 plus.
Beerbull, thats because they knew EIA was not as bad.....everyone knows before the PI. Corrupt world we live in.
Its a casino, red or black, no fundamentals account for anything, its just where the masters wish to take it. :)
Oh dear !!!! wish I had sold more today ! Well looks like the next leg down again may come. This up and down of oil wears you out :)
US API Weekly Statistical Bulletin
MedCrude Stocks, Net Chg (Bbls)+6M
LowGasoline Stocks, Net Chg (Bbls)+3.4M
LowDistillate Stocks, Net Chg (Bbls)-2.2M
Kraken, what an idiot Trump is, the "bullying" has not worked yet, so don't think they will be forced into anything. The tariffs are counter productive to both countries. His credibility has gone and in business, it is hard to work with people like that. Guess like many, China will want Trump to be hurt now in elections and this impeachment etc...so maybe after 18 months in, they will wait a little longer and see where it goes.
His popularity appears to be going downhill and he has got 12 months now to be voted back in. If the US economy slumps more, he will find it hard. Personally I hope the arrogant "count" is impeached but unlikely.