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Santos (STO) $6.89

Santos and the Energy Sector bounced yesterday with oil finding support after recently retracing over 8% as expectations grew that the US would release its reserves to quell the surge in prices which has been stoking the inflation fire. We remain bullish crude oil into Christmas looking for fresh 2021 highs potentially a further 10% advance, hopefully such a move will give STO the backbone to test / break the psychological $8 area – over 15% higher.

STO
MM remains long & bullish STO
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Santos (STO)
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