RE: Trades13 Nov 2024 20:43
I think I understand the position of the sp now. Since we were at 300p , we have had 2 massive events , the UK budget , and the US election, both were very negative against oil and global markets as a whole , 10yr bonds are back at historic highs due to risk. Once buyers realise the hbr value the sp will increase again, it's that simple. Probably set up for a Xmas rally.