History repeats and often. Have a look at some of the dips in Oil price and the recoils;
$19 in July 1973 to $51 in Jan 1974
$17 in Feb 1999, to $41 in Feb 2000 a year later.
$144 in July 2008 -> $46 in Dec 2008 to $81 in Dec 2009.
Many are predicting we have bottomed, it may go on.
But when history repeats - per Tony's J Curve theory, with restricted investment and carnage in Shale coming in Q1, history will no doubt repeat...
History repeats and often. Have a look at some of the dips in...
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Last
51.0¢ |
Change
0.005(0.99%) |
Mkt cap ! $47.12M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 51.0¢ | 50.0¢ | $14.24K | 28.37K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9190 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 345186 | 5 |
View Market Depth
| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| FAR (ASX) Chart |