What the charts say about Woodside, Santos, Oil Search and Caltex
Energy stocks were being viewed by some as great buying opportunity a year ago because of the plunging oil price. Yet despite the recent relief rally, the oil price is still 60 per cent below where it was two years ago. In this article for the ASX, I go through my views on oil and what the charts say about Woodside Petroleum (WPL), Oil Search (OSH), Santos (STO) and Caltex (CTX). (VIEW LINK)
Michael Gable is managing director of Fairmont Equities. We are a small boutique advisory that uniquely combines both fundamental and technical analysis. As a result, our analysis is featured regularly in the finance media such as the Australian...
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