Energy the new gold. Which company(ies) will lead the way. Here we have SMR finding support on the 200 EMA and the CM_WILLIAMS_VIX_FIX indicator flashing green hypothesizing the bottom is nigh and the Stochastic is oversold. We are at an inflection point if the 200 EMA support fails then price may drop 4 more dollars. MACD is still bearish but is possible to have a bullish cross over soon.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.