WDS is back within 2% of its 2022 high while crude oil is still 20% below its October high, a slight recovery in the oil price, potentially assisted by a softening $US, would likely see WDS head into blue sky territory.
- We see ourselves locking in some profits on WDS if it tests the $38 area, around 5-6% higher.
MM is long and bullish WDS targeting the $38 area
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