Athabasca Oil Corp T.ATH

ATH weekly outlook.

[smallcaptdr]

First, there's nothing coming out this week as far as US data except Crude Oil stock on both Tuesday and Wednesday which shouldn't have much influence on Oil prices and could be shrugged off by traders so Oil could be driven higher as traders want to make money selling all the cheaper Oil that has been bought over last week. I'm using the word "could" loosely and always do whenever I post so when I ever put could into any possibilities of movement that's my intention.

The week starting July 25th will be the beginning of a powerful week for both US data, and Commodities, and then the possibility of ATH Q2 being released during the week of the 25th.  And it all starts when the US comes out with Durable goods orders on Wednesday along with Oil Stocks and at 2pm US FED's Interest Rate Decision and 2:30 FED's Press Conference both Market movers rated in the RED as the seriousness of them. Then Thursday 8:30am US GDP Growth Rate then Friday US Personal Spending & Personal Income.
And adding to that explosive week its possible that ATH could release Q2 and let's hope that it's not released Friday after the market closes because that allows investors to pick thoroughly through their financials and if there are any faults they'll find them before Monday and could limit the positive impact to record revenues. The best scenario is to release them in the morning when Oil is high.
GLTA JMHO  (always DD)

https://tradingeconomics.com/calendar#

[Moneyloop]

Well, Biden,after the saudi meeting,is predicting lower WTI.So monday could be a red day,just on that statement, For me,I pulled the trigger and place a bet on HOD,so I'm hoping for a brutal red screen.Sorry guys,I play to win. But have some green onions in the account for ATH just incase........   

[Stampeeder]

Saudi officials stressed any decision to pump more would be made in the framework of OPEC+, which holds its next decision-making meeting on Aug. 3. In other words the Saudi told Biden to get lost.

[Moneyloop]

lol....maybe you could read it that way. But in the commodity market,words can influence one trading day ,up or down.... Also,just saw on the news,that COVID is back on the map all 50 states in red. Meaning,again manifesting itself .The medical feild are saying that people should wear a mask again in puplic spaces. So that could be another reason for the wall street bullies to get