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
$8.04 |
Change
0.030(0.37%) |
Mkt cap ! $26.11B |
Open | High | Low | Value | Volume |
$8.02 | $8.10 | $8.01 | $26.76M | 3.332M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 19634 | $8.04 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.05 | 287405 | 22 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
25 | 37014 | 8.030 |
22 | 27552 | 8.020 |
18 | 26420 | 8.010 |
21 | 31174 | 8.000 |
7 | 15097 | 7.990 |
Price($) | Vol. | No. |
---|---|---|
8.040 | 27508 | 22 |
8.050 | 325308 | 20 |
8.060 | 66618 | 12 |
8.070 | 24665 | 8 |
8.080 | 17918 | 9 |
Last trade - 11.13am 18/07/2024 (20 minute delay) ? |
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