I have looked at so metrics and the only reason i see oil prices sliding is not because of demand going forward but quite simply sentiment that OPEC+ members will not hold the line.....
As a trader, i have seen this i dont know how many times in my life of trading over 40+ years....
Im averaging down and more.....
But thats just me.....
If anybody can find me solid papers on oil & gas going forward will decline as much as what the SP of WDS has fallen over Nov which is approx 9% i would love to see it.....
I dont mean sentiment which means somewhat of a trade, but fundamentals have a habit of coming back to bite you on the ass...so if anybody has some solid reading i would love to see it....
Thanks again peeps.
RDD
Woodside, page-313
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Last
$24.93 |
Change
-0.470(1.85%) |
Mkt cap ! $47.33B | |||
| Open | High | Low | Value | Volume |
| $25.19 | $25.31 | $24.93 | $177.5M | 7.047M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 48759 | $24.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.00 | 105906 | 3 |
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| WDS (ASX) Chart |