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OXR 0.0¢

technical etc

  1. AlphaCenturian

    10,543 Posts.
    Still looking for OXR to complete a retrace now to around 47c (possibly lower.)

    For those that doubt this because of 'fundamentals' I always try to keep in mind the markets warped view of the future.

    It does these things, its not the end of the world - rather it forms a higher base for the next run up.

    Look at the period March to August last year for a similar technical run when OXTR rose from 24 to 41 before retracing to as low as 28 before recommencing the run back up.

    Likewise its gold compatriates also look good for full retrace sets.

    Gold up - stocks down - hint hint, the rises now are being judged as so short term that the market doesn't figure that even producing stocks will benefit - its a physical traders market I think.

    IMHO as always.

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