How low can we go?
I'm already overweight in this with an average purchase of $1.36. Would be very happy to pick up more at that level. A couple more poor nights in the US and we might all be lucky to fill up at that level.
Thoughts? Anyone picking bottoms? Beware, you'll get stinky fingers!
I don't think we'll reach the June lows of high $1.20's. I see support around $1.37-$1.38 being the lows of the first week in July, which also coincides with the highs in late Feb before it gapped up at the half report.
I'm a buyer sub $1.40. Nothing changes from a valuation perspective despite Wall St's reactions to interest rate direction.
TFC Price at posting:
$1.45 Sentiment: Buy Disclosure: Held