Good one to put away CEO. Theres a high probability that OIL is in a Super Cycle Wave III from an Elliott perspective. Within that super cycle there will be ups and downs (one down being lesser degree Cycle Wave 4 which hasnt occurred yet). But the defining sentiment for the next few years is that we are in a higher degree Wave 3 which should carry us significantly beyond $146 US Oil. This would take some years of course. Probably beyond 2022.
There may be some of this thinking behind STO's rejection of Harbour as well. We'll see some sort of top around $90-100, a good pullback which could last for a significant amount of time (in excess of a year) and then a broader bull trend once again.
Bring on the 20th of August!, page-16
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Last
$1.07 |
Change
-0.035(3.17%) |
Mkt cap ! $2.441B | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.09 | $1.07 | $12.39M | 11.50M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 86841 | $1.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.08 | 162822 | 3 |
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| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| BPT (ASX) Chart |