I'm less sure re oil in the short to medium term (L-T bull). Typically August is a good month for oil, and oil fell. Other concern is failure to best high of 12mths previously, and tepid performance with trouble in the Middle East. Markets may throw curve ball, to knock as many energy bulls out of the way as possible. I think a possible set-up is breaching of support at 67 and descent to 57-60 range with base building at this level.
I'm less sure re oil in the short to medium term (L-T bull)....
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Last
$6.84 |
Change
-0.020(0.29%) |
Mkt cap ! $4.593B | |||
| Open | High | Low | Value | Volume |
| $6.85 | $6.88 | $6.70 | $5.355M | 783.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 450 | $6.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.84 | 5638 | 3 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| DOW (ASX) Chart |