all it will take for the oil price to go north is a drop in US$, and the current rally is tipped to be short lived. US traders are already starting to position on the short side. Waiting on inevitable fed drop on interest rates.
As for us minnows swimming with sharks.... I think it depends on your timeframe, if short-term, then many will be swept out to sea and sitting on sidelines waiting for the tide to turn. If longer term, buy in gloom, sell in boom.
Steve
cvn position, page-2
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Last
16.5¢ |
Change
0.005(3.13%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.5¢ | 15.5¢ | $556.2K | 3.435M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 271853 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 468186 | 5 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |