JC, stock markets look futher ahead but its not the same on a commodity market.
People are only participating to buy what oil they need and sell what they have and thus perfect supply and demand.
Market will only react to a change in supply when it happens, otherwise that oil will continue to be sold keeping the market low.
gann - corn, page-12
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Last
$5.44 |
Change
-0.030(0.55%) |
Mkt cap ! $3.653B | |||
| Open | High | Low | Value | Volume |
| $5.46 | $5.49 | $5.43 | $15.42M | 2.834M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 15405 | $5.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.46 | 2648 | 2 |
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| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| DOW (ASX) Chart |