SEA 0.00% 16.5¢ sundance energy australia limited

SEA Technical Analysis, page-16

  1. 2,558 Posts.
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    i know it went a few .o1s below but looks like 10c is providing strong support. Yesterday the close was the killer and purely highlights funds playing around and taking profits along the way. I would be surprised if dropped below 10c again but one never knows?

    with suadi and russian meet in Oman with talks of extending production cuts or at least building a framework to manipulate the mrkt beyond this year + still falling us inventories on what typically is build season is proving positive for oil - mrkt still worried about shale production ramp up but lets wait and c on that

    in the meantime SEA responding positively to the strong futures open - guessing wti should trade above 64 today.
 
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