Seven Generations Energy Ltd. class A common shares T.VII

WTI

[dalerules88]

I see an up channel forming on 30min chart, that would put low end of the range at about 60.80 for the NYC trading close today at 12:30 - let's see if it pans out ...

any technicans out there - can you please put your charts to work and let us know what you think on WTI today?

would be much appreciated

[dalerules88]

question - is WTI likely to close the gap from yesterday or can it move ahead without having to come down to the 59.80-60.20 range? 

[dalerules88]

WTI breakout from this morning's downtrend on 1 min. chart - this reversal fits nicely with the 30 minute uptrend ..  let's see where WTI closes today - I'm betting VII will follow suit .. good luck to all longs

[dalerules88]

side note - for you non-believers in WTI-VII correlation - I urge you to compare VII and WTI trading this morning - seems to me we're yet again following WTI almost blow by blow - every pivot point on WTI is matched by VII in the early trading today, as far as I can see I'm blaming the algos - I think they pegged VII to WTI and are just running with that, ignoring overall VII fundamentals

[dalerules88]

lot of selling on VII into the bounce - might be trying to close the gap to 12.45 Friday - let's hope we get that monkey off our back and move up from here, otherwise this is messing with my thesis.. ugh

[dalerules88]

buying opportunity right here, at 12.53, IMO peers are mixed, I"m guessing some folks are reluctant to trust the Sunday meeting comments, but WTI uptrending nicely today; I'm guessing overall market may be weighing some of the oil stocks down today ...

[dalerules88]

on WTI, I figure if we close between say 60.80 and say 62.00 as low/high end of the channel, we'd be on track for a reversal and start of a potentially multi-dollar bounce. That should bring VII back to the 12.80 to 13.00 range maybe  even today, and up from there, based on last week's action - just my naive observation, comments welcome