RSI has popped out of channel. Five days of gains for Beach Energy and improving USOIL. Could we see Beach Energy have a little rest, before marching on to $1.90? Key risks are movement on USOIL, China Growth, Trade Tensions and Brexit.
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Woodside shares have been in a bull run since march this year as the global economy continues to strengthen. It also marked a period where investors have felt more confident about Australian economy and US. With global demand for oil improving we have seen the price increase with little resistance as trade war fears have been brushed off. This is not to say that...