Premier Oil :PMO

Hoovering near major resistance again, one to keep an eye on for possible breakout - (from the share tips section).

Possible short....This is back testing the trend line breakout....Stops above 346 as that would mean a false breakout. So small risk of 6 points
This is from the tips section for this week.


dl.dropboxusercontent.com/u/4899609/pmo1stjuly.png

expecting crude oil to go on a bit of bull run, so should be bullish for oil co's that are producing.....looks like inv H&S forming ...close abv that level you stated 402/405 n hold be a good start.

and a cup n handle forming off that RS

a close above 402 looks bullish...

Interesting chart - Broken out but barely, still hovering around trend line, seems to be going sideways maybe building up strength? also could be a possible flag pattern forming? maybe one to watch.