Technically a significant level for me is 5.2c. Resistance in March 2011, broke the level in September 2011 and then we saw good consolidation as it turned into support. I actually topped up at 5.2 trusting that the level will hold but it didn't. It is now resistance (however I am not entirely convinced it is strong).
Fundamentally we are seeking the sp price creep up to 5.2c as crude oil price increases. Crude oil inventories were down to -4.7m this week driving the price of oil up. Although this data has both positive and negative implications, it did help boost the markets this week (along with other comforting data).
I would expect to see the SP continue up to 5.2c (say 5c) and maybe see a bit of consolidation again until the NSAI report is released. Assuming the report is what we expect it to be, a clean break of 5.2c and we should see a new phase in trading of this SP (assuming all other economic variables stay constant - which is a very big assumption). Luckily, for us, WHN is not so closely tied with market conditions as other majors etc (one of the benefits of being a spec) so I am pretty comfortable with its current state.
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.357M |
Open | High | Low | Value | Volume |
1.0¢ | 1.2¢ | 1.0¢ | $2.876K | 266.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 91289 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.5¢ | 105334 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 91289 | 0.010 |
3 | 530000 | 0.009 |
5 | 2104222 | 0.008 |
1 | 200000 | 0.007 |
1 | 250000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 105334 | 2 |
0.017 | 86667 | 1 |
0.020 | 10000 | 1 |
0.021 | 6667 | 1 |
0.024 | 617 | 1 |
Last trade - 13.29pm 28/06/2024 (20 minute delay) ? |
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