Looks like FUT is set for another leg up on the chart.
Has been moving in a sideways channel for the last 6 weeks but with huge volumes over the last few days it should really move as it breaks this consolidation. Reaaly liking the look of this chart so I've topped up at .008 again this morning.
News expected shortly, might be the reason for the increased volume?
from the last ann Justin Pettett, Pryme’s Managing Director. “The re-entry has gone very smoothly, without incident and, so far, under budget. The indications of natural gas in place from the cased hole log are further confirmation of the strong attributes of the project. We look forward to perforating and flow testing in the coming week.”
FUT has a 50% interest in Pryme Oil and Gas
FUT Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held