Crude, PMO

F4T,

I know, I am not acting on your analysis. But, sometimes, it gives another view from another angle.
I have exited my two postiions this morning..
Have a good day ta
G

Paitech, never act on another persons analysis. That is not why I posted it.

F4T

Thanks F4T.
I may close my oil position...
Ta
G

Some ideas for Crude and PMO.

WTI broke support yesterday and Brent is at support. I am looking for WTI of 60 and Brent at 70 before OPEC meeting on 22/6







Where might this take PMO? Some potential targets but ultimately 73 for me. Let's see what happens




F4T

Oil prices tumbled amid concerns over rising US production despite the high probability that OPEC members will agree to extend production.In the first week of May Oil settles higher in the previous sessions after a dovish movements in the markets.

Apologies, close was 66.75, below the 61.8% fib, so therefore remains bearish. Needs to close above 68 on Monday for me, otherwise gap close seems certain. Volume still indicates that lows are being bought up though. Mondays action will be fascinating.