Woodside shares have been in a bull run since march this year as the global economy continues to strengthen. It also marked a period where investors have felt more confident about Australian economy and US. With global demand for oil improving we have seen the price increase with little resistance as trade war fears have been brushed off. This is not to say that it cant derail the stock but for the most part investors have shown little concern and believe that both China and US governments will resolve this Tit for tat dispute.
With that said there has been little appetite from Oil producers to increase production however, they will be careful not to let the price rise too high that it would disrupt the Global economy and its recovery from the GFC effects. For this reason i believe there is still some way yet for the stock to rise, but i am also cautious about potential short sellers and investors taking profits in the comming weeks that may bring some downward pressure on the stock.
Thanks for reading !.
( my first post ).
Cheers
Nav.
With that said there has been little appetite from Oil producers to increase production however, they will be careful not to let the price rise too high that it would disrupt the Global economy and its recovery from the GFC effects. For this reason i believe there is still some way yet for the stock to rise, but i am also cautious about potential short sellers and investors taking profits in the comming weeks that may bring some downward pressure on the stock.
Thanks for reading !.
( my first post ).
Cheers
Nav.
Comment:
In the last two weeks we have seen market volatility as US investors mull over determine US Fed hiking rates and increased political uncertainties globally. Overall it is important to focus that he world is now entering a new business cycle that looks promising. I reaffirm guidance for $42 for woodside stocks. Good buying opportunity
Comment:
Sharp falls, now is a good entry point.
Comment:
Markets have rebounded. Trade tensions talks set for first quarter. Market sentiment may have changed with four days of market gains. Is this a turning point? Woodside shares on track to $39.