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May 4, 2017 11:24 PM

HES support bounce  Long

Hess CorporationNYSE

Description

10/10/2008 weekly low (not close) was 45.68. If oil can hold here at pre-opec cut prices, HES should bounce depending were weekly candle close. Blue TL is monthly Feb '16 high and Sep '16 low (highest volume months since '16 lows). Light red daily TL snapped to 6/30/'16 high & 11/30/'16 low

Comment

Snap light red TL to 6/30/'16 low instead.
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