Long GENEL today

Trendfriend,
I have a loan oh 14k£ and I have 14k£ cash.
Not sure if I shall pay off loan or buy GENEL.
Just holding back. Read few articles oil could b range bound 40~65$.
Ta
G

Good call Paitech, nice bounce...

Is it the real deal??
I'm gonna join you on the first bullish signal, a close above 390p the first red line on the chart.
Real strength on the break of 441p for a 1,2,3 low breakout.
Looks good for now.Lets see how this closes...
uk.advfn.com/p.php?pid=chartscreenshotsh...jto%3D&symbol=L^GENL

Bear view...This may well be a big bear flag
uk.advfn.com/p.php?pid=chartscreenshotsh...rLw%3D&symbol=L^GENL

Regards,
Trendfriend.

Trendfriend,
Thanks for reply..

I think todays low of 360p may be the lowest it could go...

It may go higher from here now on... just my feel...

ta
G

uk.advfn.com/p.php?pid=chartscreenshotsh...X9fzEItVfafADi0AGx0=

This had a decent bounce, but got sold off... confirms bear are in charge here...
I think its going to the red lines in the chart... 280/250p area imho...

i'm looking to buy as well, but at the right time, technically no reason to buy this now...i see far better trades out there atm...

Regards,
Trendfriend.

Trendfriend

Do you still think it could go to sub 350p?

I am back now...and just want to buy in... but looks like oil is heading down?

ta
G

Haven't still bought. On a holiday n won't b able to buy till 8th.
Hope I get a chance sub 400p again
Ta
G