NVMG chart. There is churning going on in every market sector. Major markets, pennys, commodities, housing, all.
A time of volatility to see where it all shakes out. But oil's demand will not slacken substantially it appears, as it's too crucial to too many industries and domestic oil is the safest.
The $5 Mil tranche, when PR'd will send this one back up in a heartbeat, but the current market scenario has its share of ultra conservatives who sell at the least sign of dips.
(Mercury has been in its three week retrograde period and goes Direct motion on Wednesday evening, PR Thursday? Maybe. FWIW.)