Less than 10 min after I posted that the intra-day volume & pattern is showing good sign for a rise soon, then ... BOOM!! It flew up toward 1.40+ in an instant.
The sell off the last couple weeks has been overdone and has obviously exhausting itself.
I believe a bounce back to 1.50+ minimally, along with 1.80-2's possible.
We're already almost to my minimum of 1.50+ I've been posting the last couple days about as minimum expectation towards 5-9 averages area.
It also won't surprise me (as said recently already here) if PFIE spikes upward in future regardless of what overall stock market or Oil market does.
This thing is a technical reversal play here that will likely move on its own independent merits this time.
PFIE dropped since last Wednesday during the time of Oil spiking upward, so a constant exact parity does not exist with Oil in short term.
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