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RH PetroGas
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Oil and Gas counters are volatile
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lp2000
Elite |
10-Mar-2022 14:45
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When you see how quick some big walls appear and then they are gone, it is likely that some BBs are playing with this counter up and down now in the range of 330-345. Good show, and if you are lucky at the right timing, you can make some profit too :-)   |
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lp2000
Elite |
10-Mar-2022 14:32
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Unfortunately, the war is not over yet. And even if it could be tonight, the sanctions will still stay in place for a while, and Russia may not be willing to sell cheap soon afterwords. Let' s not forget that oil is one component, but natural gas Russia is important...especially for western Europe. Interesting to see so much buying around 340/350, while the walls from 315 to 335 keep growing.
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easywin
Supreme |
10-Mar-2022 14:02
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If tonight Russia Ukrain war escalating further than oil price suddenly up to US$125 tomorrow will see up fast and furious 
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lp2000
Elite |
10-Mar-2022 12:56
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Brent touched 115 again | ||||
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GoodLearner
Senior |
10-Mar-2022 12:12
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Agree. Both RH and Rex have over-reacted to the volitality of Oil price.  I guess, oil just needed some excuse to made a profit taking (yesterday)  The war is still on. Most have made good profit. If it is a correction, it is healthy. Good trading profit if can follow the trend.  Long term is still positive. Let us see..
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lp2000
Elite |
10-Mar-2022 11:54
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you may be lucky as the price seems to be recovering now
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Contratrader
Elite |
10-Mar-2022 11:49
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Oil got some support at 110...most oil stocks meet short term support ...let' s see how it goes from here... | ||||
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lp2000
Elite |
10-Mar-2022 11:42
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yeh, at  https://oilprice.com/oil-price-charts/#Brent-Crude on the front page they are still wondering if $150 is inevitable... meanwhile Brent reached 113 again today, and some analysts say we may see 120 back by tomorrow...not easy to know what it would be... RH seems to be resting now around 340 (~14%), while rex is at -9%  
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GoodLearner
Senior |
10-Mar-2022 11:18
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No eye see if oil price suddenly makes a U-turn. Don' t forget, the War is still on-going.  | ||||
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satruz
Master |
10-Mar-2022 11:16
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Starting to recover slowly
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lp2000
Elite |
10-Mar-2022 11:07
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I guess most of the contras should have sold already at the gap down not to wait so low. it seems to be getting a bit of power up, not to be a bull trap though.
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s100125
Elite |
10-Mar-2022 11:02
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Better to stay out for now as too unpredictable as oil suddenly took a hit last night.
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lp2000
Elite |
10-Mar-2022 10:59
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Brent oil is moving slowly up again...111
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TraderBen
Supreme |
10-Mar-2022 10:54
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might need to hold on for awhile as the forced sellings will set in on monday and tues..
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Stocky901
Supreme |
10-Mar-2022 10:53
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Contra players panic selling now to avoid margin calls. Be very careful. Likely to hit 30 cents this week. | ||||
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easywin
Supreme |
10-Mar-2022 10:52
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Mistake, look like getting cheaper 
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s100125
Elite |
10-Mar-2022 10:50
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Durian dropping like no body business. | ||||
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Slowturtle
Senior |
10-Mar-2022 10:43
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Did not expect the dip to be so sharp. Covered too early. | ||||
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lp2000
Elite |
10-Mar-2022 10:26
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yeh, bottom seems to be lower than expected :-)
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NEWCOW
Member |
10-Mar-2022 10:25
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As expected, RH moves up & down faster than REX....a lot of contra player came in last week. Only those day trader win....
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