Yes, certainly a few maybe on the sidelines may be waiting for the resources/reserves report at the end of the month or thereabouts.
My guess is it may not be enough to give the SP boost alot are hoping for/riding on.
Someone mentioned risk on/risk off? I believe its risk off whilst the interest rate/inflation issues get sorted before climbing up again the wall of worry in line with economic growth.
As for MAY, I believe the boost the SP needs won't come from the day traders we saw 3 months ago, but from the instos once they see steady state production from any of the 3 or 4 intervals they've encountered. Amongst the bloodbath we've seen on the bourses, the oil price remains steady at $116, and Russia shows no sign of abating, a confidence boost for me to remain long MAY for a longer game.
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Open | High | Low | Value | Volume |
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6 | 627027 | 0.037 |
3 | 177735 | 0.036 |
6 | 985743 | 0.035 |
4 | 239735 | 0.034 |
Price($) | Vol. | No. |
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0.039 | 170000 | 4 |
0.040 | 645254 | 3 |
0.041 | 624353 | 4 |
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