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BP Share Discussion Threads
Showing 92951 to 92974 of 92975 messages
|Good day optomistic
According to a couple of tables I have looked at the closing price on the 14 November was 433.45 and the share price dropped back to this level on the 16 November.
Not withstanding gaps although there is a large one to the upside which it looked as though it would fill on Thursday 01 but was resisted at 477; the lower end of the gap. There is support at 460. If 460 fails the next support is at 439 and then 431.|
|Good timing optomistic!|
|Bracke It appears we still have a small gap to fill on the 14/15 Nov, that could well be a good entry point if I am so lucky :-)
...and still got the divi to come for those sold as well.|
|Good day optomistic
It didn't quite reach 500 but not bad all the same.
Just as well OPEC reached an agreement; whether it will hold is another matter; if they hadn't who knows where it would have gone.|
|Only a third Bracke :-) cash in hand now to rebuy if the op presents itself. Had OPEC not agreed on a cut the picture would have been somewhat different...|
|Sold a third of my holding today...just in case.|
|Up 15p today and not a peep.|
|Firming oil price - OPEC deal sounding possible.|
Vladimir Putin, Hassan Rouhani back OPEC bid to stabilise oil prices
In a telephone conversation, the two leaders said the cartel’s efforts were “an essential element” for returning stability to global oil prices, a Kremlin statement said Monday.
“The importance of steps taken by OPEC to limit the production of commodities was emphasised as an essential element for stabilising world oil markets,” it said. During their conversation, the two leaders also “agreed to continue to coordinate their efforts on the world energy markets, including the dialogue on energy between Russia and OPEC,” it added.
The phone call came ahead of a meeting tomorrow of OPEC ministers in Vienna for talks on reducing the cartel’s output by up to a million barrels per day. The aim is to reduce the mammoth global supply glut and push the market price of oil above USD 50 a barrel.
Negotiations between the cartel’s 14 member states have been under way for weeks to discuss cuts the production cuts each country would make to ensure the success of the deal.
Such cuts have been repeatedly called for by members such as Venezuela and Nigeria, but the efforts to reach a deal have been undermined by rivalries between Iran and Saudi Arabia and the precarious situation in conflict-hit producers like Iraq and Libya.
OPEC ministers last met in September for an informal meeting in Algiers aimed at curbing production by 32.5-33 million barrels per day and reaching agreement with other non-OPEC members like Russia, which favours moves to strengthen prices that have been depressed since 2014 due to a stubborn supply glut.
Russia, which has been hit hard by low prices and Western sanctions, has said it is ready to freeze output but not to cut it. And Iran, which has only been free to export oil since last year’s nuclear deal, has said it won’t cut production until it has reached pre-sanctions levels.
Should OPEC succeed in reaching a deal tomorrow, it would be the first time in eight years that the cartel agrees to reduce its production.
Mixed signals from OPEC ministers caused fresh volatility on oil markets Monday, after Saudi Arabia appeared to suggest that Riyadh could live with the cartel failing to agree a cut, saying recovering demand would stabilise prices next year anyway.|
|Results of the OPEC meeting will move BP...one way or the other :-/|
|It has found good support around the 410p recently but if that goes then 360p - 380p coming...|
|Are we waiting for some OPEC news end of November?|
|410p more realistic.|
|I'll have a few BP. at £3ish|
I haven't been confident of market direction for some time. First came 'The Referendum' followed by the US Election run-up and the market farce which occurred on Election night.
Now we wait for Donald to sort out his Administration and the politicking surrounding it.
Then we have The Fed to decide and the Spanish referendum.
Major long positions in the current climate......stops to b/even asap.|
Yes, she's mobile again, at least for now. Break did me good, but I'm not sure how things are going to go from here. Reluctant to take any major long positions. Might stand back a bit, then go in for a few larjwuns when and if the r/r looks right.|
|Good day Penycae
Does this mean Mrs P gets to keep her moped?|
|3% drop includes ex date.|
|I meant should NOT have traded -- my existing positions were sound and did not require the distraction / stress of day trading....|
|I should traded after the Election Day -- made good profits from the initial sell-off but gave them all back by this morning.The "best position is no position" I should know better ?|