King Arrow and DeltaVee we are getting close to that daily chart oversold Slow Stochastic territory which in the last 6 months has signalled a move higher each time when it has bottomed out. Depending on volume going through and the spot price movements it cant be far away before our next upswing leg. Also interested to see the fast stochastic at the end of this week. I had a feeling the spot price would move higher this week to finish the week higher than 7.1c however it has been the case before in the last few months where we have had consecutive down weeks on the fast stochastic on the weekly and followed it with a major bounce in spot price so this could also be the case again which could mean a big upswing in spot price next week. Ultimately the drilling results will control the chart going forward but with the speculation on the new anomaly A,C&E potentially being drilled and then actually being drilled I am expecting strong spot price moves in an upward direction overall.
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King Arrow and DeltaVee we are getting close to that daily chart...
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