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RH PetroGas
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Oil and Gas counters are volatile
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lp2000
Elite |
15-Mar-2022 15:18
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so no bottom yet? | ||||
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flyliam
Senior |
15-Mar-2022 15:14
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Since it has touched 250, big holders no need to pretend to hold the prices anymore. Let' s seehow far it can go down between here and end of day. | ||||
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trader1970
Elite |
15-Mar-2022 14:55
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This morning another round of trapping... Looks like it is right not to buy in the morning as that is a shortists trap as well as liquidation of longists above 29... The ST chart is too ugly for BB to pump up.  Expect another big fall for oilies tonight as crude may and might plunge below 90 and gap down all oilies tomorrow.. Most US oilies have strated to go below the ichimuko cloud upper resistance line and if fallen throught the lower support line will be ultra bearish.. Crude now near to day low....Be wary.. 
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lp2000
Elite |
15-Mar-2022 14:51
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I guess force selling is happening now on top of the downtrend of the crude oil... RH seems to low at -10%, while rex seems to have recovered a bit to -2%,
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stanleytay
Master |
15-Mar-2022 12:43
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If have holding power.. buying at 0.26 or lower is not too bad. Better than those who went in last week.
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flyliam
Senior |
15-Mar-2022 11:59
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seems like some brave souls are still buying...
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trader1970
Elite |
15-Mar-2022 11:47
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They have distributed from 40 to 33.. this morn tried to stage another run up but fail as crude is falling.. the selling forces are too much .. watch this afternoon, if crude weakens below this morn low of ard 96, better run as they may push further down to collect lower.. if 26.5 breaks and crude breaks morn low, run for your life and reorg at around 20 plus level, save ammunition for contingency.... 
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lp2000
Elite |
15-Mar-2022 11:46
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after the drop in the early morning Brent seems to recovere a bit too. I think oil at 100 has not factored in the war anyway and is a stable base for now. The increase to 130 was likely due to the war and sanctions. That' s why we have got the rise and then drop back to 100 because of expected peace and that the Russian were still allowed to sell their oil... So even if we have peace today (which would be great!), I don' t think it will bring the oil much lower than 100.
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easywin
Supreme |
15-Mar-2022 11:24
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Look weak, but who is buying at 26/265 throwing money away? | ||||
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stanleytay
Master |
15-Mar-2022 11:12
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Dropped from 0.42 to 0.255... still consider BB kind?
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lp2000
Elite |
15-Mar-2022 11:04
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it make sense
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lp2000
Elite |
15-Mar-2022 11:02
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It is interesting to see that other similar oil counters (rex - has rebounced to its closing price, or smb marine is even on green...) this one went down to -10% and now is -7% , which seems to be a bit too low compared with the global oil price drop...any thoughts? | ||||
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trader1970
Elite |
15-Mar-2022 10:57
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This morning longists trapped, retail and BBs. It may be a dead cat bounce and every rise is a chance for any longists trapped at each support level to liquidate.. When will this be able to reverse will depends on too many variables.. Oil crude price rise up again, Iran deal called off China covid ends, Russia vs Ukarine etc.. Above all, FOMC meeting on rates hike... WATCH all these events and wait for a fierce comeback,, it will and I am not sure which day that will be .. today tomorrow or day after tomorrow.. cannot tell.. if contra, ll be very stressed. If pick up, also stressed as price ll go lower low.. So best is watch and average when sky turning blue...
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Jamesrocker
Senior |
15-Mar-2022 10:38
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All kinds of theories.. initially when it starts to dip last week, people say consolidation on going, flush weak holders out, buy on dips etc etc  now it appears everyone is weak holder or it is still consolidating? Hahaha.. consolidate until war is over hahaha
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tankoksee
Supreme |
15-Mar-2022 10:36
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buy below 20 cts..la
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lp2000
Elite |
15-Mar-2022 10:35
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not sure what it is, but someone clearly has bullets to keep buying 260/265 while the selling walls seems to be getting thinner... | ||||
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wehuattogether88
Supreme |
15-Mar-2022 10:34
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Oversold, believe Over due rebound coming soon | ||||
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flyliam
Senior |
15-Mar-2022 10:17
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oh didn' t notice that sembmarine is in positive region.... think RHP will really rebound | ||||
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lp2000
Elite |
15-Mar-2022 10:17
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this level is not too bad to enter, could be a bull trap indeed, but I guess for shortists is definitely hard...
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flyliam
Senior |
15-Mar-2022 10:12
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Baiting more people to join the " buy" gang while they' re exiting....
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