"I have been a subscriber (through Corporates and in recent years as a private investor) for nearly 20 years, been on 2 of your Chart Seminars and this is my first e-mail (do I get an umbrella for this?!). Unless I am mistaken, Friday's audio seems to have have been replaced with Wednesday's. I was looking forward to listening to your excellent commentary and thoughts after Friday's action.

"Incidentally, congratulations on another brilliant call - this time on oil (WTI) - I had been watching the price differential between Brent and WTI grow in recent days and decided to buy on Friday morning for pretty much the same reasons you did - keep up the excellent service!"

David Fuller's view Thanks for your comments on the service, your support over so many years and congratulations on seizing your opportunities in the markets. Re brollies, I assume that you already have two from TCS, meritoriously earned from for your answers. How about a veteran's medal instead, if you promise to send us at least one more email within the next twenty years?

I was away on Friday and while I normally make the uploading errors, Eoin posted the wrong Audio. I trust that it will be of even greater value when he returns on Wednesday, and in the meantime, I posted a separate 'big picture' Audio this afternoon, in addition to this evening's update.

Regarding crude oil and most other industrial commodities, provided the overall uptrends remain intact, buying them following similar sized reactions is still a preferred tactic at Fullermoney. However having bought crude (NYME) on Thursday, I clearly took profits too soon on Friday (see below). If you and other subscribers who also participated in this trade have done better, I am delighted.

Meanwhile, events in the Middle East can only have increased most countries' awareness of their dependency on oil imports and the importance of future energy security. Since few countries have this today, remaining overweight in energy themes, not least nuclear, makes sense to me.