Woodside Petroleum

Woodside Petroleum

8 December 2017, 07:34
Dragan Drenjanin
0
27

Woodside Petroleum: rebound expected.

Friday, December 8, 2017




Green Lines Represent Resistance | Red Represent Support Levels Light Blue is a Pivot Point |  Black represents the price when the report was produced

  • Pivot: 30.25
  • Our preference: long positions above 30.25 with targets at 32.45 & 33.40 in extension.
  • Alternative scenario: below 30.25 look for further downside with 29.60 & 29.00 as targets.
  • Comment: a support base at 30.25 has formed and has allowed for a temporary stabilisation.
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