Oil price is at a cross roads. Sentiment will be depicted by price. Important levels for WTI are;
$49.08 -High for current rally from $39 low
$51.67 - High from the 2016 bear market low
$43.00 - Current low from rally starting at $39
Outlook.
If $49.08 breached, BULLISH
IF $51.67 2016 high breached, BULLISH and possible target in mid $70's comes into play from reverse H&S pattern
If $43 breached, Bearish
Bottom line is that as long as the $43 low holds the market has a bullish stance. If the $39 low fails to hold then that is not good.
What a bucket of slop, page-68
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Last
48.0¢ |
Change
-0.025(4.95%) |
Mkt cap ! $44.35M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.0¢ | 48.0¢ | $132.2K | 269.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 53142 | 48.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 3155 | 1 |
View Market Depth
| Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |