Iceman,
As evidenced by the shortman data, percentage of shares short has fallen from above 10% in December
to 2% as of now. Id call that considerable short covering.
And from the man:
Pete Speaks Finance!
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Column 1 0 Throughout the decline from about $100 a barrel, yours truly spoke about a $30 target for oil with a real possibility it could even trade down to the $20s.This morning we have breached the $30 level.While I’m out of the soothsayer and stock picking game, I do continue to follow markets and address them in general. When it comes to oil, I believe the final stage to this vicious bear market has begun. It shall be the ugliest stage of the entire down move but shall allow a classic quote to come into play:“Adversity creates opportunity”
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Last
$7.81 |
Change
0.140(1.83%) |
Mkt cap ! $25.36B |
Open | High | Low | Value | Volume |
$7.80 | $7.82 | $7.76 | $53.77M | 6.831M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 43486 | $7.77 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.81 | 39967 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1128 | 7.760 |
3 | 3820 | 7.750 |
1 | 5000 | 7.710 |
1 | 200 | 7.670 |
1 | 1250 | 7.650 |
Price($) | Vol. | No. |
---|---|---|
7.820 | 9063 | 5 |
7.830 | 780 | 1 |
7.840 | 4015 | 3 |
7.850 | 22301 | 9 |
7.860 | 7315 | 4 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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