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clock Created with Sketch. 26/02/21
19:17
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Originally posted by ecneitap:
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Yet this is where I was wrong - my expectation for Oil to head towards $70.00 back then also had the expectation that it would drag OEL along with it !!!!! Yet this clearly hasn't happened which is extremely disappointing ! Can only hope for a delayed reaction if Crude keeps heading north . There are two things I'm watching technically in Crude Oil - firstly an equality move targeting $71.00. Yet if we get above this number with price remaining strong, then the chart turns from bullish corrective to bullish impulsive. It then means an extension move comes into play and that targets $93.00.
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To be fair to MU they will be in a blackout period until mid March when the half yearly is released. Id hope we'd have some GC21 news by then (if not, potential blackout there too), at which point I'm expecting him to take a position.
(20min delay)