Not ruling it out at all @Mosemagic but how about some reasoning behind your pot shots.
I reckon the "probability" of the SP bouncing off 23.5c -22.0c range is much higher than it descending further to say 19.0c,and then further into the teens. Based simply on support in this range holding. Back in March it was resistance, punched through, retested then began rise to ATH at 51.0c, and more recently has held 3 times.
Yes the SP has halved in the last 2 months, 53 % reduction to be exact. But it also rose 2970 % from the lows of March 2020.
Here's the daily natural gas, heading the right direction at last .... for the time being.
Chart - EXR, page-973
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Last
15.0¢ |
Change
0.010(7.14%) |
Mkt cap ! $176.4M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 15.0¢ | 14.0¢ | $559.8K | 3.906M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 566881 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 863886 | 25 |
View Market Depth
| Last trade - 13.59pm 21/08/2024 (20 minute delay) ? |
| EXR (ASX) Chart |