Looks like week commencing 22nd is when our fortunes could turn.. last week of the month and could get an update.. sp should stabilise closer we get to july
Drop is not overdone and the sp is heading bk to 26p... demand is still very weak.. this will be traded within this channel until demand picks up and oil can push towards $50..
Looks like reality is setting in, markets are now worried about the second way after the latest numbers are in... Concerns about a second wave of coronavirus cases have risen as U.S. states push deeper into reopening. Texas has reported three consecutive days of record-breaking Covid-19 hospitalizations. Nine California counties are reporting a spike in new coronavirus cases or hospitalizations of confirmed cases, AP reported Wednesday.
Very informative answer kiwi lol obv a lot is happening in the background and we got some info yesterday, so all we can do is wait for some more to give us an idea of who else is selling/buying
RE: FED may hand Democrats a win in November11 Jun 2020 09:13
Like i said last friday, oil too expensive.. dont hate, follow the money.. after this correction the idiots up top will pump it again, so if u dont need the money dont sell...
If lans wanted to sell they wouldve done that already.. i guess they are happy with 10%.. they already made profit with the placing shares... this should help with the buying pressure now..