CimsonCIm with Bobsa on the possible new low being set yesterday...

CimsonC

Im with Bobsa on the possible new low being set yesterday which only just is a higher low from the prvious 40.5 low point ,today will certainly put that theory to the the test, yesterday after touching 40c oppotunistic buyers showed up which is obvious support.

I think that the selling we have seen over the last couple days has been simply because of the slower drilling with short term traders/holders closing positions which put downward pressure, i think that those positions are probably all said and done and we could possibly look at a reversal as early as today, good luck to anyone fishing under 40c, stranger things have happened.