I think we will be in for a good month of volatile prices that have no predictability in FA or TA. We may see the sp go lower particularly if there are lots of sellers wanting to take a quick profit. We may also see some insto support starting to kick in when the price steadies. Then there is the unpredictable and inexplicable shorting and possibly short covering.
Some of those that lent stock to shorters may start to want it back in time for the potential activity driven year end rally .
In a simple world we would be getting closer to a good rally based on the fundamentals of oil and gas 101. Those being , seismic, interpretation, appraising,testing, development , exploration. We have it all. Not long to wait now.
Add to My Watchlist
What is My Watchlist?
