A lot of O&G charts are looking VERY good. Here's the few I got through last night with potential target level over the next 6-18 months and the level it has to hold to stay bullish and not go for the lower low. Most of these do have more confirmation to achieve and might provide better entries soonish, but some might start to run.
NBR - $320 Target, $76 line in the sand, Lower low $67 and possibly $50.
PDS - $125-$150 Target range, $50 line in the sand, Lower low $32
MRO - $55 Target, $24 Line in sand, $14 Lower low
DVN - $115-$130 Target range, $40 Line in sand, $32 Lower low
NOV - $25 short term target, $50 Longer term target, $17 has become our line in sand (again, it saved itself last time after a brief break), $14 Lower low and possibly $12.50.
XOM - $130-$150 target range, $100 line in sand, $85 lower low and possibly $70.
“Give it hell Heinekandle, I’m enjoying it.”
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)