Technicals + . . . Oil weakening
I'm watching to see how much long term buying volume in Oil stocks appear under $60 oil.
NVA technicals:
Lagging indicator MACD rolled over and pointing down.
Full NVA Stochastic showing hesitation and some pause - no panic selling at this point.
Potential for RSI mid range bounce is around decent support @ 2.25 +/-
If we don't get a bounce off mid line RSI, then lower support levels apply.
Summer gasoline consumption should be on the rise soon if vaccination success continues in USA. CP rail deal should help CDN producers get oil to Gulf!
If not a trader, then likely best to ignore the noise and look ahead to more bullish oil/NVA scenario in a few weeks/months.
Good luck!