So because someone disagrees with you they must be a troll.....
Lets just take a quick look at the actual figures for the past two weeks shall we??
Date WTI Crude MAY Share 1 Price Change Price Change 2 3 5/12/2022 5.10% -6.25% 4 5/11/2022 2.94% -4% 5 5/10/2022 -2.90% 0% 6 5/09/2022 -7.12% 0% 7 5/06/2022 0.97% -4.76% 8 5/05/2022 0.63% 25% 9 5/04/2022 4.00% 1.20% 10 5/03/2022 -2.61% 0% 11 5/02/2022 1.11% -6.74% 12 04/29/2022 -0.46% 1.14% 13 04/28/2022 3.08% -20%
There is absolutely NO correlation between the increase or decrease in the price of WTI and the movement of the MAY SP, in fact on more than 50% of the days in the past fortnight. the MAY share price has done the exact opposite of the WTI.
While I stand by my statement that "Movements in the oil price have absolutely ZERO effect on the current SP of MAY.", I admit that statistically MAY is more likely to do the exact of any movement in the WTI.
I can see absolutely no indication that an increase in the WTI price will equate to an increase in MAY's SP as originally pumped and then doubled down upon by Tradingstocks.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
3 | 256226 | 3.1¢ |
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Price($) | Vol. | No. |
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3.2¢ | 635458 | 8 |
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3 | 256226 | 0.031 |
6 | 478728 | 0.030 |
14 | 2957934 | 0.029 |
20 | 2835170 | 0.028 |
11 | 1384803 | 0.027 |
Price($) | Vol. | No. |
---|---|---|
0.032 | 635458 | 8 |
0.033 | 700000 | 3 |
0.034 | 1200000 | 4 |
0.035 | 4622460 | 9 |
0.036 | 776300 | 5 |
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