Has no one mention the chart is flipping everyone the bird? I've been avoiding this chat group, it's been super silly lately with the dumb put down bantering.
At any rate, Volume is low across the board in energy, zero interest in the sector, NVA SP is in LaLa land, buyers push it lower a and nervous sellers take what they can get. The impatient day traders have moved on...
Meanwhile from a demand point of view, things are progressively and sequentially getting better. Energy Demand is up (substantial recovery from the lows) economies are moving, flights are increasing, driving is increasing, it's hot as hell, pipelines being approved and built....plus medical advances being made on vaccine/treatment.
The giant sucking sound is Tech is stealing investor dollars, a Reversal is coming, heading to a dollar.