Goldmans Report is momentum derived dribble. Oil is simply a play against a depreciating US$. If you believe the US is not going to depreciate any more versus the Euro, GBP or Yen, then sell oil as there is a huge element of speculative demand in the price. Don't underestimete the ability of traders and commodity funds to push prices up and down.
GS report to me signals the top of the market!!
where to now, page-4
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Last
$26.12 |
Change
0.600(2.35%) |
Mkt cap ! $49.59B | |||
| Open | High | Low | Value | Volume |
| $26.08 | $26.19 | $25.95 | $181.1M | 6.792M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13831 | $26.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.13 | 800 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| WDS (ASX) Chart |