Looks eerily similar to WLL, just bulls have been trying to send the price up, which I noted on the chart under the RSI comment. I think WTI is heading back to $20 Fam, maybe not in a straight line but I think the WTI price is showing weakness and all the shale Companies are showing signs of that weakness
looks really bulish to me.. it was still traded on the support line.. also, look at monthly chart, that long wedge from two years ago about to intersect with that support trend line.. I see 2-4 month of oil rally coming as the winter vaccine start to become a reality.. markets always reacts before reality actions so i can see oil rebound way before a vaccine started a mass production which should be in the next few month..
brekkebus
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Looks good, I however do not think it will go that low as I see it being in a symmetrical triangle on the hourly. Of course it could FBO to the downside but I feel if price wanted to fill that gap in, it would have done so already. Thanks for sharing
(insert thumbs up emoji here)
Big_Mike716
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@brekkebus, follow me on twitter I do regular video updates, link in bio
brekkebus
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@Big_Mike716, Already do :). And I just checked WLL and it is filling in its price gap from June 5th. So Iam hoping OAS doesn't follow WLL in that regard but I do expect both to do very well.
brekkebus
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@Big_Mike716, I change my mind I think you are right after today. I think we should see .55 cents