Divs formed from the institutional players
resistance has been hit continuing the lower
low once confirmations is made on the
break of the current level price is heading for
$120-115AUD
From there if we see the formation of the
required favourable conditions we are expecting
price to hit $270 AUD then $340 AUD
Muzi's Perspective
With the news of Oil and Gas...
price above emas, bit of res @0.225 and support @0.205. break the res and range within the TL's? Positive momentum on the DMI.
Wick above the res thinking it'll breakout
a quick comparison of INVICTUS ENERGY (ASX:IVZ), PROMINENCE ENERGY (ASX:PRM) and GLOBAL OIL & GAS (ASX:GLV)
Brent crude, DJI and SPY added to chart for comparison.
