Commodities

FTSE 100 Indicators are mostly bearish and the Elliott wave is wave iii (circle) down. Wave 3 of a long term five-wave decline [i,ii,iii,iv,v (circle)] started from 6447.5. Seasonal influence is positive and the S&P is still in the uptrend, but sentiment has turned bearish and the 13-period MA has crossed below the 55-period MA […]

Fresh details from BP BP, on behalf of the Schiehallion co-venturers Shell and OMV, announced today that the new Glen Lyon floating production storage and offload (FPSO) vessel has started sea trials as it begins its journey towards the west of Shetland where it will serve as the hub for the 450 million barrel Quad204 […]

What are the details? BP Egypt has announced today the completion of its acquisition of 22.75 per cent in the North Alexandria Concession and 2.75 per cent in the West Mediterranean Deep Water Concession from Hamburg-based DEA Deutsche Erdoel AG. The acquisition will bring BP’s working interest in both concessions of the West Nile Delta […]

Acquisition in Greenland; Rod McIllree appointed as Managing Director to Board FinnAust Mining plc, the AIM listed exploration company with projects in Finland and Austria, has announced it has signed a binding agreement to acquire an initial 60% interest in Bluejay Mining Limited. Bluejay is the 100% owner of the 126sq km high grade Pituffik […]

The problem with many traders is that they have only half a plan, the easy half. They know how much profit they’re willing to take, but they don’t have the foggiest idea how much they’re willing to lose. They’re like a deer in the headlights, they just freeze and wait to get run over. Their […]

Gulf Keystone stock (LSE:GKP) has been under serious selling pressure in the past several months. Contrary to what some fundamental analysts might be saying, the bearish trend might continue. The price has already broken downwards below the lower Trendline, going further south. The RSI period 14 is below the level 50, showing a strong bearish […]

Company Unlocks significant value with removal of €5.1m of debt DekelOil Public Limited, operator and 51% owner of the vertically integrated Ayenouan palm oil project in Cote d’Ivoire, has improved the Project’s economics following an agreement with its joint venture partner, Biopalm Energy, which reduces the Company’s debt position by €5.1m. An offset agreement has […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish There was a sudden and fast bullish breakout on EURUSD, which made it go upwards 450 pips, testing the resistance line at 1.0950. The price consolidated after that, till price closed last week. The bullish breakout has abruptly overturned the recent bearish trend in […]

INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 18 “The trading game is not won in the strategy one selects. The trading game is won in the mind.” – DbPhoenix (Source: Trade2win.com) Name: Michael Steinhardt Date of birth: December 7, 1940 Nationality: American Occupation: Funds Manager and philanthropy Career Michael was born to an […]

Plexus Holding shares (LSE:POS) are now showing a measure of bullishness in them, which means they might trend higher from here. The market was flat in the months of June and July, 2015: The trendless phase showed that the market had no momentum in it. From August till October, the market plunged. However, the market […]