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large trades bucking the trend, page-2

  1. 4,021 Posts.
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    Maybe some instos are expecting a bit of a retreat for the oil price soon? Some retracement almost certain at some point. That usually results in a bit of aknee jerk in the SP markets. Could be too that some foreign investors who like oil stocks are bailing Oz, after a long stay Oz dollar goes down in response to likelihood of no more rate rises and possible cuts. $A always seen in USA as a commodity gold proxy too. Just speculation on my part tho.
 
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