Post by
ERTguy on Dec 09, 2016 5:04pm
Closed above the upper bollinger band line
In 4 of the last 6 trading sessions. I think this short term rally has more legs as we are in the midst of a rerate, and still below overbought territory on the 14 day RSI. Given 3 times the average volume increase south of the border I think this rally has legs to 1.40 next week now. Commodity rally should continue into next week when Russia confirms its cuts tomorrow. Cheers
Comment by
seashore on Dec 09, 2016 6:12pm
Now BXE just has to have an average close above $1.00 usd for 30 days to keep the NYSE listing.
Comment by
ERTguy on Dec 09, 2016 7:06pm
Should be accomplished over the next few months. We will be shortly looking back at $1 usd as the new floor. Cheers