52 replies to this topic

[_rookie_]

Few weeks to R410 -  a buy at this resistance level.

[M e r l i n]

The resistance at top is clear

 

 OIL.JPG   59.46KB   15 downloads

[M e r l i n]

The resistance at top is clear

 

 OIL.JPG   59.46KB   15 downloads

[M e r l i n]

Definite short, I shall jump in with you guys.

 

 SASOL.JPG   91.19KB   12 downloads

[Fuxx]

Time to short this baby!?

[M e r l i n]

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?

[Fuxx]

Hi Merlin - are you shorting Sasol?

[Pilotpilot]

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.

[Fuxx]

Hi Merlin - are you shorting Sasol?

[Ninja]

Im calling the end of this bounce... Back down we shall go I hope😀

Small bounce certainly not big - down trend still intact, merely a technical correction.

[Ninja]

Currently at around R485 -R495.... Time to short this baby again

[M e r l i n]

Sasol cuts more than 1,000 jobs to survive lower oil prices, as well mention of large Alan Gray holdings which have now been reduced.

 

http://www.fin24.com...prices-20150322

[M e r l i n]

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)

[vlam]

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.

 

Sasol 3 yr.JPG

[M e r l i n]

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

[M e r l i n]

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.

[M e r l i n]

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.

 

http://www.moneyweb....oil-prices-drop

[vlam]

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).

 

[M e r l i n]

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

 

 

 

 

 

 

 

 

[M e r l i n]

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!