Well folks, the buyers are back. For some time we have seen the sellers knocking out the buyers, now it's the other way around and it couldn't have come soon enough.
The buyers have taken over and are in control for now. The buy side heavily outweighs the sell side.
The June Quarterly will show a full 3 months of production and that should hopefully bring some more buyers.
We just need to get a good oil hit in Chernetska and then we're back over 40c
HOG Price at posting:
34.0¢ Sentiment: LT Buy Disclosure: Held