Short Term Trading Week Starting: 31 Aug, page-103

STT COMP STO , FA

Santos Limited

The oil price has begun to show signs of a recovery however STO is falling with the market rather than appreciating with the oil price that dictates its profitability

The STO stocks has fallen from the sky , as high as $25 several years ago, and $10 in the very short term

The stock closed under $5.00 today and I feel there is a strong likelihood of a move up as the new operation commences production this week

Looking for a bounce of up to 50% in the next 4 weeks , which represents a 60% technical bouncefrom the fall in value from the $9.00 price it dropped from just 3 months ago.

If you overlay the oil price historically with STO , you can see a very strong correlation , if you do it in the last 3 months you can see STO should show some upwards movement to fill the gap as oil is now trading at $50 , which was the price it was when STO fell to $8.50