The macro-economic and geo-political theories on here are obviously amateurish. Leave it to the professors. There is entertainment value I s’pose.
Oil price will trend in different time-frames. Guessing geo-poli motives, production levels, extraction costs, peak oil, etc does not apply well in all time-frames. At some point oil will be $147.27 p/b again.
The way I see it: Petro-chemicals are king. Demand is growing and supply is diminishing. The catch 22 is that a century is a long time to keep a winning trade in the market. Most long and short traders here will lose money 8(
We ain’t buying a barrel of oil, we are buying a share in an oil and gas explorer/producer. OneTel, Telstra 2, Linc Energy. Get my drift?
If you are looking for a newsletter subscription, trial charting software and an oracle, there is no shortage on Google. These guys prefer to sell their trading advice than make money tradingNow that’s a winning trade!
Why the big selloff all of a sudden, page-11
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Last
$24.20 |
Change
0.280(1.17%) |
Mkt cap ! $46.62B | |||
| Open | High | Low | Value | Volume |
| $24.55 | $24.59 | $24.16 | $53.89M | 2.196M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1740 | $24.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $24.21 | 1601 | 13 |
View Market Depth
| Last trade - 13.18pm 13/09/2024 (20 minute delay) ? |
| WDS (ASX) Chart |