If it bounces w/ strong volume it is a good sign. WTI holding up at ~$60 which is also good.
Note
BTW on Friday there were momentum funds that were purchasing oil and gas names, hence why it sticks out like a sore thumb.
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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.