Few weeks to R410 - a buy at this resistance level.
#1
Posted 14 May 2015 - 09:43 PM
#5
Posted 07 May 2015 - 06:27 PM
Time to short this baby!?
#6
Posted 07 May 2015 - 02:55 PM
Fuxx Hi,
Nope I am not a trader, I invest only which is a form of long term trading as eventually you do cash in your chips by selling.
Hi Merlin - are you shorting Sasol?
People who think they know everything are a great annoyance to those of us who do. (Isaac Asimov)
#7
Posted 06 May 2015 - 09:35 PM
Hi Merlin - are you shorting Sasol?
#8
Posted 06 May 2015 - 09:23 PM
Im calling the end of this bounce... Back down we shall go I hope
I'm with you on this one, just need one down day to confirm.
If it closes below R481-30 (-1%) tommorrow, the downtrend has started and should continue.
Will probably join you tommorrow afternoon.
Invest in what you know - Warren Buffet
#9
Posted 06 May 2015 - 09:19 PM
Hi Merlin - are you shorting Sasol?
#10
Posted 06 May 2015 - 08:55 PM
Small bounce certainly not big - down trend still intact, merely a technical correction.
#11
Posted 06 May 2015 - 08:51 PM
#12
Posted 23 March 2015 - 01:58 AM
http://www.fin24.com...prices-20150322
People who think they know everything are a great annoyance to those of us who do. (Isaac Asimov)
#13
Posted 15 March 2015 - 01:47 PM
Vlam H,
There are a slew of similar articles published which all sing the same song - reduced demand and over supply, plain and very simple supply / demand fundamentals.
http://www.fin24.com...market-20150315
http://www.theglobea...rticle23148373/
http://www.theguardi...obal-oversupply
http://www.reuters.c...N0LH08120150213
http://www.bnn.ca/Ne...-continues.aspx
Thanks Merlin!
This article [link] was published this past week. Some interesting quotes below:
If this keeps up, storage tanks could approach their operational limits, known in the industry as “tank tops,” BY MID-APRIL and send the price of crude — and probably gasoline, too — plummeting.
...
Morse has suggested oil could fall all the way to $20 (U.S.) a barrel from the current $50. At that rock-bottom price, oil companies, faced with mounting losses, would stop pumping oil until the glut eased. Gasoline prices would fall along with crude, though lower refinery production, because of seasonal factors and unexpected outages, could prevent a sharp decline.
(Like the article because of the timeframe, should be interesting to watch the price movements alongside the news events)
People who think they know everything are a great annoyance to those of us who do. (Isaac Asimov)
#14
Posted 15 March 2015 - 12:13 PM
Thanks Merlin!
This article [link] was published this past week. Some interesting quotes below:
If this keeps up, storage tanks could approach their operational limits, known in the industry as “tank tops,” BY MID-APRIL and send the price of crude — and probably gasoline, too — plummeting.
...
Morse has suggested oil could fall all the way to $20 (U.S.) a barrel from the current $50. At that rock-bottom price, oil companies, faced with mounting losses, would stop pumping oil until the glut eased. Gasoline prices would fall along with crude, though lower refinery production, because of seasonal factors and unexpected outages, could prevent a sharp decline.
(Like the article because of the timeframe, should be interesting to watch the price movements alongside the news events)
My policy is unchanged - buy Sasol @ 330- only, if you look at the graph that is the support level.
#15
Posted 15 March 2015 - 10:37 AM
My policy is unchanged - buy Sasol @ 330- only, if you look at the graph that is the support level.
Sasol 3 yr.JPG 99.18KB 36 downloads
People who think they know everything are a great annoyance to those of us who do. (Isaac Asimov)
#16
Posted 14 March 2015 - 03:06 PM
A cursory inspection of the Oil graph suggest it has fallen thru a recent support @ 55/barrel, which suggests a return to the 50/barrel zone which signals a huge Sasol Short signal (again).
429.06 close 19th Feb, 406- close last Friday - a nice short if anyone went there.
People who think they know everything are a great annoyance to those of us who do. (Isaac Asimov)
#17
Posted 07 March 2015 - 08:17 PM
429.06 close 19th Feb, 406- close last Friday - a nice short if anyone went there.
A substantial nice fat sell signal just generated.
I don't trade, but if I did I would trade Sasol, I don't do shorts, but if I did I would short Sasol.
People who think they know everything are a great annoyance to those of us who do. (Isaac Asimov)
#18
Posted 20 February 2015 - 07:50 AM
I also heard (didn't check for myself) that for their last set of results the average oil price was probably around $80. For the next set of financial results its going to be much closer to $50...
Currently short after the dividend policy change. But going forward - definitely want to add it to my longterm portfolio (currently still sitting on the sidelines before entering a long position).
#19
Posted 19 February 2015 - 10:29 PM
A substantial nice fat sell signal just generated.
I don't trade, but if I did I would trade Sasol, I don't do shorts, but if I did I would short Sasol.
http://www.moneyweb....oil-prices-drop
People who think they know everything are a great annoyance to those of us who do. (Isaac Asimov)
#20
Posted 15 January 2015 - 08:20 AM
U not far off Crowe, if oil drops to 40$ Sasol shall go below 300-
Im going to short this bastard all the way to 35000!
People who think they know everything are a great annoyance to those of us who do. (Isaac Asimov)