GKP, TERN, UKOG on 15/07/2019

#BRENT #DAX If only the UK stock market could prove as strong as UK sporting events. Even cricket games, (we’re told) were watchable though personally, a firm line was drawn at tennis. Proper sports really do not involve artificial balls. Formula 1 on the other hand provided a 200 mile race which reminded many folk why they are enthusiasts, despite the Ferrari guy once again trying to push a rival off track!

TERN. When we review last weeks headline shares, Tern (link here) is a complete standout for its boring behaviour. Price movements remained lacklustre with the share price still requiring exceed 13.25p to signal something genuine may be happening. It certainly game close on Friday as the day high of 13.25 was achieved during trading, rather than as an opening second spike. As a result, it should prove worth watching in the days ahead.

Gulf Keystone. GKP, similar to Tern, turned into a tease, following our report on Monday (link here) . All we required was the price to close a session above 234p and it spitefully closed Friday at 233p, the highest point of the week. However, we’re not too dismayed and submit it should prove worth attention fairly soon. We’d suspect some hesitation around the 241p level in any immediate rise.

UK OIL & GAS. UKOG has gotten dangerous and we suspect it intends relax to 0.75p soon. Hopefully sufficient reason is found to create a reasonable rebound at such a level but it needs above 1.125 to give some hope any recovery might be genuine. Until then, it’s trading in a region where realistically we cannot calculate a bottom ambition.

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

8:18:08PM

BRENT

66.74

66.26

65.955

65.56

66.91

67.28

67.605

68.06

66.26

8:25:52PM

GOLD

1416.5

               

8:27:30PM

FTSE

7495.98

               

‘cess

10:11:49PM

FRANCE

5574.2

               

10:19:14PM

GERMANY

12322

12301

12274.5

12237

12387

12398

12430

12473

12303

10:21:01PM

US500

3011.27

               

‘cess

10:23:37PM

DOW

27322

               

Success

10:25:16PM

NASDAQ

7936.37

               

10:31:38PM

JAPAN

21587

               

12/07/2019 FTSE Closed at 7505 points. Change of -0.05%. Total value traded through LSE was: £ 4,657,511,439 a change of -13.4%

3119total visits,1visits today

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.