SXY
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0.00% $4.60 senex energy limited

Oil rises as Kuwait cuts production due to strike, page-15

  1. JCoure
    35,276 Posts.
    lightbulb Created with Sketch. 915
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    20/04/16
    17:11
    Post #: 17558333
    More shorters still in STO, ORG and OSH.

    At T+2 ASX settlement terms, I doubt the shorters r in SXY so no more covering of shorts on POO updays in SXY.

    Some traders will be trading out of SXY into STO and ORG as STO and ORG r almost priced for a collapse, their prices can't go much further south unless POO hits $10-$20 so there is substitution to the big blue chip plays going on.
    Last edited by JCoure: 20/04/16
    SXY Price at posting: 26.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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