I have looked at so metrics and the only reason i see oil prices sliding is not because of demand going forward but quite simply sentiment that OPEC+ members will not hold the line.....
As a trader, i have seen this i dont know how many times in my life of trading over 40+ years....
Im averaging down and more.....
But thats just me.....
If anybody can find me solid papers on oil & gas going forward will decline as much as what the SP of WDS has fallen over Nov which is approx 9% i would love to see it.....
I dont mean sentiment which means somewhat of a trade, but fundamentals have a habit of coming back to bite you on the ass...so if anybody has some solid reading i would love to see it....
Thanks again peeps.
RDD
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$24.93 |
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Open | High | Low | Value | Volume |
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8 | 48759 | $24.92 |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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8 | 48759 | 24.920 |
11 | 27294 | 24.910 |
59 | 27824 | 24.900 |
6 | 53434 | 24.890 |
16 | 9319 | 24.880 |
Price($) | Vol. | No. |
---|---|---|
25.000 | 105906 | 3 |
25.010 | 3000 | 1 |
25.040 | 300 | 1 |
25.070 | 500 | 1 |
25.100 | 14148 | 6 |
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