OEL 0.00% 1.2¢ otto energy limited

big technical test today

  1. 3,091 Posts.
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    Ok - this is it. high volume technical test today looks to be occurring. As none of us know exactly what the immediate fundamental drivers are here, we need price to close at 9.5c or above to remain confident. Preferably well above whatever lows are achieved today. Things weaken substantially technically on a close below 9c though. Generally I like these clean out days as they can signal closure to all the recent faffing about. But like I've been saying, 9.5c support ideally needs to hold on powerful tests. And this is a powerful test !!! Fingers crossed. E.
 
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