hi folks, i bought some today, a little annoyed with myself i didnt buy last week while it was testing 2 support lines
i guess all the orchestrated negativity on oil made me consider an oil price crash might be possible and a possible inverse head and shoulds might develop
BPT with crayola overlay
XEJ swayed my mind that this might well be the bottom
a bull flag with an inverse head and shoulders within it
i think we might see a passing of the batton for oil to outperform gold near term while gold finishes its consolidation from its recent run
SPX/Oil ratio ... is atht a cup and handle i see before me.. could a larger handle form if somehow oil is smashed down?
i feel that $60 is the new $40 (due to the last 5 years of currency debasemnet) and a recession is already priced into oil.
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Last
$1.36 |
Change
-0.008(0.55%) |
Mkt cap ! $3.096B | |||
| Open | High | Low | Value | Volume |
| $1.36 | $1.36 | $1.35 | $439.5K | 324.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 15711 | $1.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.36 | 46438 | 18 |
View Market Depth
| Last trade - 11.18am 21/07/2025 (20 minute delay) ? |
| BPT (ASX) Chart |