chart works well:

From my post on 20/5

1) 54.5 - 0.50(54.5 - 27) = 40.75 = 41

2) 54.5 - 0.618(54.5 - 27) = 37.5c

3) 54.5 - 0.618(54.5 - 15) = 30.009 = 30c
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Down to 41.5c (not too bad from 1st target!). If not hold at 41.5, the second target may be reached. Then what is next? Wait and see.


ERH does not know how much oil it has or the finding is commercial?