Unfortunately news flow didn't come in time to bolster us as...

Unfortunately news flow didn't come in time to bolster us as required to maintain the short term uptrend

Support at 30-31 cents failed, we've now tagged the EMA 20 at 29 cents seems to be a bit of support here which should hopefully hold up for today but if that falls then there's a chance we tag the EMA 50 at 27- 27.5 cents which would also be the EMA8 on the weekly, short of a Macro correction I can't see it going any lower than that and there's still a good chance 29 cents holds what with anticipation of the operations update next week.




Before the resident Downramper jumps on here with the doom and gloom predictions I should point out the Long term uptrend remains in tact and very healthy as Exploration activities consistently add value to the company



Theres a good chance the XOP comes back to test support as the energy sector takes a break before punching on higher. this is how we get our back test of 27 cents if it does.



Wouldn't be surprised to see natural gas price do something like this before taking off in Dec/Jan as the Northern Hemisphere winter takes hold.

Brent Crude at its highest since OCT 2018, not sure it can get through that level without a pull back to atleast $79 first...unless someone Bombs an oil refinery etc