Genl

Well, if you follow the UBS sheets posted on here regularly, you may be anticipating crude weakness through to September, which obviously may well be negative for oil stocks.

Following the end of Q3 and after the corrections (over due ) you could pick up some bargains...keep that powder dry...Oil / energy stocks may well get a lot cheaper in the coming weeks.

At 91/92p area now.... buy or hold?
Seems oil may head downwards.....

Hi Paitech,

Hope your keeping well.
Just a quick look and update on Genel.

This needs to hold the 105/108p area imho....doesn't look great for bulls here atm...
I think your right, this could well be heading for 95/92p zone if 105p fails.

I think it's possible for a further drop in extension to mid to low 80's, but only if 92p fails...so lets see.

Certainly looks correct to wait before buying here imho..

dyor, wdik
Trendfriend

Guess this is heading towards 95p now... holding back.. any buys
With issues in Turkey, there could be more lower side than up.. I guess.
Good weekend all
ta
G

Closed this position at 119.5p for a small loss, the drop in crude and the main indices look like a p/b is in order....

a drop below 118p/117p area could see this drop 108p, so i'll reenter in due course on a drop (if it happens)

was expecting a bounce from the bottom of the falling trendline, we did get a small one, but the way its hanging around that area, may mean it could drop below.

lets see....

atb, wdik
Trendfriend.

Hope your keeping well and enjoying the nice summer, which seems to be finally arriving!!
been away for couple of weeks, back nice and fresh again!!

Bought back into this today at 120p, first batch, intend to add more in due course.

its seems to be at the bottom of the trend channel, looks to be finding support around that area 118p area.
if it breaks below 115p, i will close position, as it could then retrace to supports at 108p, 95p, 83p, 72.5p.
i will add on those levels if they they get hit.

target on this nuy for now 160p, subject the 20 & 50 day gets taken out at around 127p atm...

as always dyor, wdik, atb.
Trendfriend.