WPL 1.25% $23.53 woodside petroleum ltd

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    1055 [Dow Jones] Woodside Petroleum (WPL.AU) down 8% at A$28.21, hits A$26.81, lowest since June 2005, after Nymex crude closed down US$4.00 or 7.5% at US$49.62 after hitting 3.5 year low of US$48.50. Traders say investors who bought WPL near A$36.00 have bailed out since crude failed to stay above US$50.00. Having broken major Fibonacci support at US$62.50 (61.8% retracement of the 1998-2008 rise) and failed to find support at US$49.96 (January 2007 low), crude could spike down to the major pivot point at US$40.00, according to Dow Jones Newswires technical analysis. Clearly, the market is factoring in global depression. Based on its rough correlation with oil, Woodside might also see further weakness. But there's a massive retracement support level on Woodside at A$27.14 (61.8% of 1974-2008 rise). Shorts should consider taking profit at current levels and investors should consider buying if support emerges. (DWR)


 
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Last
$23.53
Change
0.290(1.25%)
Mkt cap ! $22.17B
Open High Low Value Volume
$23.50 $23.66 $23.16 $50.59M 2.151M

Buyers (Bids)

No. Vol. Price($)
5 509 $23.53
 

Sellers (Offers)

Price($) Vol. No.
$23.54 1733 7
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Last trade - 13.40pm 27/05/2020 (20 minute delay) ?
(live)
Last
$23.56
  Change
0.290 ( 1.45 %)
Open High Low Volume
$23.46 $23.66 $23.17 471265
Last updated 13.58pm 27/05/2020 (live) ?
WPL (ASX) Chart
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