GKP

Who needs charts, with bones like that KoolKeith.

This is looking good!

Weekly long term, getting close to the trendline.
uk.advfn.com/p.php?pid=chartscreenshotsh...symbol=DJI%5EI%5CDJI

Close up, nice hammer on the weelky!
uk.advfn.com/p.php?pid=chartscreenshotsh...symbol=DJI%5EI%5CDJI

Look out for a 1,2, 3 low, @ 76.25, so not far off now, its shown here in the daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...symbol=DJI%5EI%5CDJI

Next week is important here, but looking good imho.
the levels to beat, imho, 76.25, 82p (trendline, falling daily), if it can get above the mid 80' i think it will really get boosted!
Good weekend, and ATB folks,
Regards,
Trendfriend.

Dum de dum, dum de dum.....Something big happened today,

Could feel it in my bones!

diver993 wrote:
A close above 68.10 would be very much appreciated, thank you

[strike]You're[/strike] We're welcome by the looks of things Diver


Hope you're well matey, and always glad to read your take on the markets!

dl.dropboxusercontent.com/u/7238706/GKP%281H%29.png

A close above 68.10 would be very much appreciated, thank you

OK it's not T.A but alot of holders have been waiting for this. MOL Results -
HERE WE GO!

molgroup.info/images/qt/2014_Q3_Flash_Report_ENG_FINAL.pdf

"This was a strong quarter for MOL with lots of good news. As forecasted, Upstream production reverted to growth and we see significant upside potential in the coming quarters as well. A major breakthrough supporting this assumption is the official approval of the Akr-Bijeel Block Field Development Plan. As far as Downstream is concerned, I’m glad to say that MOL achieved ONE OF IT'S BEST EVER QUARTERLY RESULTS" This is not only the reflection of a seasonally better environment but also clearly demonstrates our successes in continuous efficiency improvements."

In the Kurdistan Region of Iraq:
In the Akri-Bijeel block the accelerated drilling program me continued with 4 drilling rigs and 1workover rig.
(1) A key milestone has been passed as the Field Development Plan (FDP) was officially approved by the ManCom and signed by the Minister of Natural Resources, allowing 2P reserves to be booked for 2014.
(2) Around the Bijell discovery Bijell-2 and Bijell-6 wells achieved total depth(B-2 TD 5,423m Triassic, andB-6TD4,300m Jurassic). The well test program me commenced and initial test results are promising, the latterwill be finished through the year. - end.

The Triassic zone
will be tested at Bijell - 2 with further upside potential. Testing of Bijell - 4 is expected to start in Q4.
Tie-in of aforementioned wells to Bijell-1 ExtendedWell Test (EWT) facility and Bijell-
4 Early Production Facility (EPF) is expected during Q1 and Q2 2015.
(3) The first appraisal well around the Bakrman discovery (Bakrman-2) was spudded in April and reached 4,000m in the middle of October. The drilling is planned to be finished in Q4 while the test program will start with the same rig thereafter. It is alsoexpected to be tied in to a EWT facility in H1 2015 and the initial works started for the related rental facility.
(4) Production from the Bijell - 1 EWT facility is due to start with 2,300 mboepd. Debottleneckingis under way to mitigate a possible higher gas-to-oil ratio,in addition,afterthe tie in of aforementioned wells a block production of 10 mboepd is targeted in the short term and increase further the production in line with the FDP during 2015.

In Shaikan block gross production volume is above 23 mboepd inthe two installed facilities. Domestic
revenues are realized on a monthly basis.
Export revenues are paid periodically; the outstanding receivables are reported to MNR. Gross production is expected to be at around 40 mboepd by the end of 2014 after the expected tie-in of the SH-7,-8,-10 wells. SH-11 will be drilled in H1 2015.

...Anyway, I think it's gonna be a tease. I am tired, and as this is such a bugga - I have a feeling this will close on the 12th at 71.5p right on fib and descending resistance. No clues given! Ha,ha. I'm not looking at lower lows until after I see what happens on the 13th, and tomorrow with MOL 'cos if this pops it's gonna go crazy imo. Thought: Unless it pops before and comes down for backtest on 13th - hmmm, lots to think about.....



I think MOL interim's tomorrow will give a clue and, I'll look at downward projection then if its not good - as for now it looks bullish. There is clear divergence on chaos oscillator which helps define wave counts too and picking each wave out, 3 being significant. Also the beginning of bullish crossover of 12 day exponential m.a. and 34 day tunnel for me is very promising. I just have a feeling crunch time is gonna come and this is on a coiled spring. I could be completely wrong but it seems to me a perfect storm is brewing. If the 13th is a bloodbath, I will adjust targets accordingly and they won't be pretty.



Divergence on weekly too, plus above 12 day exponential m.a. too.




Not much more to add as I'm tired and am thinking only one way right now, maybe better with a fresh head. LOL!