In a long awaited, but surprise, move Todd Kozel relinquishes his dual role as Chairman of Gulf Keystone Petroleum but retains his position of CEO (see link below).http://www.investegate.co.uk/gulf-keystone-petrol--gkp-/rns/update-on-move-to-official-list-of-the-lse/201305290700077372F/Debate has raged for months if not years about the validity of this dual role in light of corporate governance concerns but, for me, this move has been long overdue even if it's something of a surprise that it's come before the judgement on the Excalibur court case.However, it does raise an interesting question or two:Is this what would be expected if there was an imminent takeover in the pipeline? In my opinion that's not likely for obvious reasons, not least of which is why would Gulf Keystone pursue an official listing on the Main Market if they're not going to be around for much longer? Perhaps this is simply maneuvering but it could be costly and suggests to me that there's more field...

Yesterday's news about sales agreements (http://www.investegate.co.uk/sirius-minerals-plc--sxx-/rns/initial-uk-and-european-sales-agreements/201305280700166084F/) was met with the usual AIM sell-off and we're still waiting for a close above 26.5p. Even then there's the aforementioned resistance at 29/30p so I'm still waiting for a break of these resistance levels before re-entering.Until then, there remains the possibility that the move from the recent 22.5p low is a bearish consolidation pattern. Original link...

As has been mentioned in the comments from the earlier post, today had a very odd close to it given that it was trading around the 150p mark and then had a closing U/T of 155p.I didn't see the closing auction myself, but a U/T volume of 86k is not exceptional by any means so I guess the higher close may have just been due to a lack of selling interest ahead of the long weekend.It doesn't really matter though. Technical traders may well simply see the SP closing above the triangle on the chart and take that as a buy signal. The hourly P&F chart (see below) also has two matching active targets at 164.5p and another one would have activated on the close if Updata intraday charts used price high/low instead of mid-price. The reason I mention these specifically is because they happen to coincide nicely with the...

Having made the break from the 61.8% Fib and the bullish wedge on the hourly chart, Bowleven has so far failed to follow through on this. This is a cause for concern as a 123-low breakout (the break above 73.5p) should really have been supported at that 73.5p level and clearly wasn't.That said, it's just about hanging on to the very short term uptrend support from the 67.75p low so as long as that continues there's the potential for further upside.What's also slightly worrying, given the lack of follow through described above, is the possibility that this is a wave 4 up in the drop from 102p. A failure of that short term uptrend will strengthen the argument for this case and likely lead to a new low below 67.75p, perhaps towards that 62/63p area which gave a double bottom some months back. Certainly, were there to be a new...

Based on the earlier discussion about the likely need for a final wave up in this sequence after this retrace, I'm planning to go long at the channel support with a stop below the 14887 breakout level.That's quite a wide stop so it'll naturally be a very small position. Trading the indices is very risky due to the extreme leverage. Also, final waves up can be unpredictable and can fail to make new highs.Don't trade indices or FX unless you know what your doing and your risk and money management are very good Original link...