sto (and actually most of the oil stocks) is at bottom of both...

sto (and actually most of the oil stocks) is at bottom of both slow stochastic and bollinger curve - usually stocks bounce off bollinger extremes even if they go lower a few days later

its also now down in the 7-7.50 main support/resistance zone it established 2 months ago - so right in the heart of deep buying support

that will only collapse if and when the stock price goes below 6.90 or so.

there's also been a slight blip up in wti spot price this morning.

in fact if i look at a chart of the all ords - it looks like the entire Aussie market should have a short term slow stochastic oversold move up - before going lower again in a day or 2

hope that helps you