RE:RE:RE:Oversold ... I think moves in the entire O&G equity space depends on the price of oil and natural gas, more so oil.
Most are barely above the December 12 lows when oil hit $68. If oil does that again soon before an equity recovery, then look out below for new lows. However, should oil climb to above $76 and towards $80, they will all recover nicely.
Indicator wrote: Start of what looks like a basing pattern. Short term swing range of $10.50 to $11:30 +/-
I am holding a small postion in lower end of range and will add on any breakout.
Lots of moving parts in this market but a bet on further unrest in Mid East seems a reasonable gambling bet for now.
Happy New Year!