Where's all my Whiting bulls at? I know you guys made me famous on TV & now you bull r thinking Im all bearish en shit. But I say no I'm just waiting for this bottom TL on my triangle to be tested. I have had much luck with my wll triangles in the past. I mean when I set a bid on that Triangle BTL it has been filled 100% of the time and then WLL kabooms back over...
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
So my conclusion is watch and wait, this could be the beginning of a greater move down in WTIC back to the $20 handle or this could be the area where oil makes 1 last pump B4 that downward move I spoke of. All we can do is wait. I will say the fact that OAS hasn't really moved much while WTIC pumped off $38 is a bit concerning.
Priceline of OASIS PETROLEUM INC Stocks is moving withing a down channel and after 13 May it is hitting at support.
The RSI went in oversold zone.
Stochastic has given bull cross.
Volume profile is showing weak interest of traders here.
I have defined sell targets using Fibonacci sequence as below:
Sell between: 3.40 to 4.40
Atif Akbar (moon333)