forget the charts in this situation.
You are punting on the Perth well results. If they are good, it goes up. If they are bad, it goes down.
There is to date (as far as I am aware) no such technical analysis that predicts the outcome of oil/gas drilling etc. If anyone is aware of you, please let us all know, we could make a fortune.
If there isn't, well aren't we all guessing, chart or no charts?