I think we'll be looking at $100 oil again in 12-18 months. The Saudis are a greedy lot. The past few days looked like a classic short squeeze at month end, leading into a new month. A major repositioning if you will with some profit-taking on otherwise under-par economic data. $70-$80 is actually WPL's sweet spot based on past reports, as they sold more because of higher demand. Not sure if it still holds true. However when 90% of the market is calling for $140 or $200 oil, I like to be on the other side of that trade. Same goes when they are calling for $10, $20 or $30. Timing the permanent bounce is never easy.
$50 to be the new norm, page-4
-
- There are more pages in this discussion • 68 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WDS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$28.25 |
Change
0.040(0.14%) |
Mkt cap ! $53.63B | |||
| Open | High | Low | Value | Volume |
| $28.08 | $28.37 | $28.02 | $79.71M | 2.822M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 8196 | $28.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $28.25 | 11435 | 2 |
View Market Depth
| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| WDS (ASX) Chart |