As we mentioned earlier MM is looking for oil to eventually try and scale fresh 2022 highs as the supply / demand imbalance maintains upward pressure on the energy complex. This coincides with the look & feel of WPL which appears destined to add to its impressive gains over the last 2-months, which included a chunky $US1.05 fully franked dividend in late February.
MM remains bullish WPL targeting a test of $30, now only 5% higher.
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