Woodside Energy Running on Fumes
WOODSIDE ENERGY GROUP LTDASX
Description
⋅ ASX:WDS (NYSE: NYSE:WDS) price action looks extended ahead of FY23 Interim Earnings tomorrow (Tues 22/08).
Notable Headwinds: threat of imminent Worker Strikes & CAPITALCOM:OIL_CRUDE / CAPITALCOM:NATURALGAS consolidating amidst Global Economic uncertainty.
Best-case Scenario: ASX:WDS also consolidates between 50-61.8% Fib + Supply/Demand confluence & stays within upward Price Channel.