SGY: has come off bad earnings, basing well in the low 10's. Technicals are lining up, MACD is starting to curl to cross to bullish, RSI just about 40 leaves room for a solid run. Heavily shorted with 47.96% of the float short, and a low floater with 4.97M shares this can get moving quickly. Oil was rebounding to round up last week so I suspect 11-12 in the near futurs
WLL: coming out of oversold and breaking the recent resistance area looking for a run to mid 8's before the next resistance level. MACD is crossed suggesting a continuation of the bullish move. Watching oil futures to confirm the move into Monday.
UWTI: oil futures are completing the inverse H&S on the daily chart. Oil inventory reports last week were mixed, even with a crude build oil started up due to cushing draw and gasoline stockpile draw. OPEC is starting to chatter talks which moves the needle. Watch WTI to break and hold above $42 for conformation of a buy and swing. I will be looking to close any position into Tuesdays API report to limit risk.
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