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Notice how stong Savanna is as well as Canyon..The others are still sloping down.
Time to start entering a trade here? Well if it is, stops must be entered. These massive swings make it hard to hold the trade.
Seasonality is positive for the oils and related stocks is early July as per Brooke Thackray.
Good trading,
Greg Schnell, CMT
About the author:
Greg Schnell, CMT, MFTA is Chief Technical Analyst at Osprey Strategic specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA).
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