Post by
dalerules88 on Nov 12, 2018 11:02am
GAP
VII closed the gap from this morning's open, WTI still in range pointing up, guessing we go up from here
Comment by
retiredengexec on Nov 12, 2018 12:45pm
WTI up but NYSE off by 400. We are doing OK relitive to most energy stocks. EOG off by more than 2%. TOU,ECA and POU getting creamed.
Comment by
dalerules88 on Nov 12, 2018 2:21pm
looks like WTI just filled the gap to 59.84 and is now recovering from that down leg, we just might be good to go up from here ...
Comment by
dalerules88 on Nov 13, 2018 10:48am
you nailed the WTI to a penny so far, day low 56.86 I'm impressed
Comment by
TUMONE1 on Nov 13, 2018 10:54am
Yes - End of week close on VII needs to be at 12.96+ - 13.40 for ALGO's to kick in on reversal !!! This would push it back to upside to the end of the month. Looks like WTI is bottoming out right at line. Busy pushing buttons......
Comment by
TUMONE1 on Nov 13, 2018 11:03am
Will work on calculations for ALG's at end of month. Remember this is also tax loss season - I believe most has been dumped - Will be slow - 30day turnaround. January is a cyclical turning point for oil - pushing to upside steadily. We could see momentum continue upwards into 2020.
Comment by
TUMONE1 on Nov 13, 2018 11:23am
Now NCIB should be in play here!!
Comment by
retiredengexec on Nov 13, 2018 11:34am
Agreed. And thanks for your rationale analysis. Saved me as well from a huge panic sell..