{"id":57667,"date":"2011-02-03T09:38:53","date_gmt":"2011-02-02T22:38:53","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2011\/02\/03\/santos-approaching-key-level\/"},"modified":"2011-02-03T09:38:53","modified_gmt":"2011-02-02T22:38:53","slug":"santos-approaching-key-level","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2011\/02\/03\/santos-approaching-key-level\/","title":{"rendered":"Santos Approaching Key Level"},"content":{"rendered":"<p>\n\tBy Rudi Filapek-Vandyck<\/p>\n<p>\n\tShares in gas producer Santos ((STO)) have regained some positive momentum in the past sessions and it hasn&#039;t escaped the TechWizard that yesterday the shares closed near $14. This is an important price level, explains the Wizard, because it marks the upper end of Santos&#039; recent trading range.<\/p>\n<p>\n\tWhile it can be expected that heightened tensions in the Middle East will keep a positive bias under the price of crude oil, Santos shares still have to do some extra work before the Wizard can truly turn positive.<\/p>\n<p>\n\tHe says that a weekly break-out above $14 would signal the shares are genuinely ready to rally higher. This makes today (Friday) a potentially important session. If Santos shares manage to close above $14, the Wizard reports the next target will shift to $14.50.<\/p>\n<p>\n\t<img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/Santos_trading_band.jpg\" style=\"width: 670px;height: 319px\" \/><\/p>\n<p>\n\tThe TechWizard is the pseudonym of Scott Morrison, whose experience in financial markets exceeds twenty years. Morrison operates his own website nowadays at www.techwizard.com.au. All views expressed are the TechWizard&#039;s, not FNArena&#039;s (see our disclaimer).<\/p>\n<p>\n\t<strong>Technical limitations<\/strong><\/p>\n<p>\n\t<strong><span style=\"font-style: italic\">If you are reading this story through a third party distribution channel and you cannot see charts included<\/span>, we <span>apologise<\/span>, but technical limitations are to blame.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The TechWizard notes Santos shares are near a key price level.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/57667"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=57667"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/57667\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=57667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=57667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=57667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}