OEL 7.14% 1.3¢ otto energy limited

Agreed. Brent is already below 100 as of 18:19 CET and looks...

  1. 477 Posts.
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    Agreed. Brent is already below 100 as of 18:19 CET and looks like it is heading to its 61.8 FIB support at just under 97. This is the FIB level form the highs and lows of the last 15 years or so.

    WTI is below 97.

    What is interesting is that OEL share price is completely and utterly un-correlated to where oil is. It was much higher with oil lower (in July 2018 oil was around 78 or so and OEL share price was over 5 cents). And now, 1.3 cents with oil hanging over 90. That is 4 years of opportunity loss for some. Probably more for others.
 
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