You could be right oilburner, does seem like supply might be drying up. It was clear distribution on the 29th May, just hoping we're in a re-accumulation phase now. I suspect many who got shaken out down around 86.5c have since been parked above. Doesn't look like any announcements will be forthcoming in the next few weeks to help the SP, so guess we'll just be buffeted around by the events in Europe, no doubt some shakeouts still to come. But then again, the SP started rising 8 days prior to the last TOL announcement, so you never know. I'd just like to see the same action we saw on the 25th May - increase in volume / spread after a week in a tight range and little volume which was preceded by a pretty severe shakeout / selling climax.
LYC Price at posting:
97.5¢ Sentiment: None Disclosure: Held
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