GKP

a new oil discovery on Barkman, sweet light oil. should get this going.... usually its sells off on more oil found lol.

www.londonstockexchange.com/exchange/new...ouncementId=11494587

lets see how the action unfolds..

Morning WaveSurfer,

Just a quick note, were you on the vino when you wrote your 20.49 post yesterday as Im struggling.

Tight Lines SRB

The last x2 RNS - Both apply the Sales technique of implying a Time Based Window of Opportunity

The court case and now 40k/day export grade production by Mid 2013 - The SP has a lot of pent up potential for a rise. How long can the market makers keep a lid on it?

As Wave 3 is impulsive - The fear of missing out on Wave 3 will be the trigger - Which will surely not be June!!

All IMHO etc etc..

The close yesteray below 200 is the first since the Jan rise. I see this as a chink in the ice. Another today will make skating unsafe IMO.

For me, 187 is still a certainty and 172/3 support is a probability. I wait for the latter which will be a hold.

Syrian Empire, pray what leads you to believe that the market makers are "keeping a lid on it"

F4T

Agreed. In fact, a close below 199p today will form a bearish engulfing candle right from downtrend resistance.

Quick question though: why 172/3p F4T? I know 172p is a support but by then it'll have gone through the 78.6% Fib so a full retrace and maybe more would be on the cards, no?

Also, has anyone looked at the P&F charts recently?

Re the news, I don't know why everyone is always so desperate for news to come as, more often than not, it gets sold in to. Is it just a need for information and to know that something is still actually happening behind the scenes?

Hi Jackozy,

to answer your question I think that the long term support from 2009 is strong enough to resist a break of the 61.8% fib and subsequent full retrace. If it goes to this support I expect a lot of orders waiting, hence orders 1 or 2p above is prudent.

I would agree that if this support breaks then all bets are off. I believe 230 will wait now until legal resolution.

F4T

PS: Agree about info though. I never look for it outside RNS's anymore. Waste of time. Irrespective of CC result (for/against) I expect this to fly when the verdict is in as uncertainty removed (some anyway ), hence a hold at 173.

Jackozy wrote: Agreed. In fact, a close below 199p today will form a bearish engulfing candle right from downtrend resistance.

Quick question though: why 172/3p F4T? I know 172p is a support but by then it'll have gone through the 78.6% Fib so a full retrace and maybe more would be on the cards, no?

Also, has anyone looked at the P&F charts recently?

Re the news, I don't know why everyone is always so desperate for news to come as, more often than not, it gets sold in to. Is it just a need for information and to know that something is still actually happening behind the scenes?