This downturn is all POO Related - you can see WTI and Brent have hit the top of their prices (nearly $50) and have come down pretty hard since the FED spoke about possible interest rate hikes,
We need to see more data to support like inventory data from the US showing a draw down in Cushing reserves, or actual data to support current supply disturbance, (Nigeria, Canada,Venezuela) or the upward trend could go down just a fast as we came up,
I sold my ORG due to this uncertainty but will look to get back in lower if it does get any lower
POO looking to correct - looking for a base it seems
This downturn is all POO Related - you can see WTI and Brent...
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Last
$10.60 |
Change
-0.080(0.75%) |
Mkt cap ! $18.26B | |||
| Open | High | Low | Value | Volume |
| $10.60 | $10.68 | $10.56 | $29.58M | 2.789M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11399 | $10.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.65 | 22537 | 4 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| ORG (ASX) Chart |