SXY Chart, page-520

SXY chart wise .... we ready must break that resistance at 36.5c . 6 times in the past 6 weeks Senex has failed to break that at the close.
Oil looking like it want to break its recent highs, so you'd expect Senex could break out above 36.5c and head towards its 12 months high of 40.5c
Ordinarily its should do that, given Senex is doing everything right with its drilling program. Albeit the market is not 100% convinced.