Thanks for the technical insight. So it's overbought in your opinion? I have a lot of shares invested at an average price of now $2.05. I've been accumulating since January. Haven't sold any yet. Thinking long term, but I'd like to make a smart trade (sell high and get back in low) .
Fast Money folks are very optimistic on a market rally, granted it's being driven by financials, mainly the sentiment that banks are not as bad off as expected and China showing signs of its economy improving. I think todays general market run helped keep O&G stocks from losing steam after that great run. EIA data was mixed, US inventory way up, US supply now below 9MM bbs/d and gasoline inventories down.
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