If you read my latests posts I am an old oil bull and want to see the glory days return
However I am also a realist, the charts and 26 day moving averages are showing oil is going lower, for 2 years the trend has been consistently below the kinju line, everytime we overshoot gravity always pulls this back, there are a number of factors to be played yet, holding any oiler now IMO is like holding a grenade, the chart is saying sub 30 fror brent crude this time only excellent news regarding demand and supply will push it back up IMO
We hit a high of 3345 last night and shorted to 3072 a near 300 point decline
Now is not the time for the rebound, I rather live and trade the present than lose money holding onto hope IMO
Yes I'm still short WPL in the red but not for long
Good luck
WPL now a short IMO, page-13
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 (20min delay)
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Last
$29.21 |
Change
-0.310(1.05%) |
Mkt cap ! $55.46B | |||
| Open | High | Low | Value | Volume |
| $29.14 | $29.32 | $29.05 | $121.9M | 4.181M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5709 | $29.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.21 | 14331 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| WDS (ASX) Chart |