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News on drilling commencement should be this week or next, so...

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Jayza1988

694 Posts.

04/01/17

16:41

Post #: 21678341
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Originally posted by Incongruous ↑

The up bars haven't followed through, but supply hasn't either. As Jako mentioned about consolidation, it seems to be nearing equilibrium at the right side of the trading range. Wyckoffian Gary Fullett says most traders lose money trying to trade ranges. One thing we can anticipate is high volatility always follows low volatility. A shakeout, spring, upthrust, a break to upside/downside caused by a news event perhaps.

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News on drilling commencement should be this week or next, so hopefully a break on the upside is on the cards
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