Bullboard - Stock Discussion Forum Athabasca Oil Corp T.ATH

Alternate Symbol(s): ATHOF

Energy Oil & Gas E&P

Athabasca Oil Corporation (AOC) is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. AOC’s segments include Light Oil and Thermal Oil. The Thermal Oil segment includes the Company’s assets, liabilities and operating results for the exploration, development and production of bitumen from sand and carbonate rock formations located in the... see more

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Athabasca Oil Corp > Technical on Oil is "SELL"

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Post by smallcaptdr on Aug 06, 2022 9:49pm

Technical on Oil is "SELL"

We could see Oil slide further and extend the losses that started in June. In mid-June, I started to post that Oil by year's end would be at $75, and during the month and a half, all I got was flack from near-sighted people who kept insisting that Oil would NEVER trade under $100 for the rest of the year. You could have used this knowledge and made money. Rest assured that Oil will rally higher but the trend lower will stay intact. JMHO

https://www.tradingview.com/symbols/USOIL/technicals/

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Comment by Noisemaker on Aug 07, 2022 12:03am

Ignore the noise jist another noisemaker as Eric says.

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Comment by Moneyloop on Aug 07, 2022 6:44am

Totally agree, for now ! But ,things could always change,WTI is a geopolical moving target. For now,short trades are the call of the day.Until I see otherwise.......

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