The longer-term chart shows prices are now below the 2008-2009 lows.
Round 1 of a larger review of energy stocks, more on specific names in tomorrow's column.
Charts show this pipeline play has the energy to go higher.
More people are believing they'll be low for a long time.
The stochastic indicator tells us the stock is oversold and could bottom out around current levels.
But it may take another 7 months for the right side of this bottom to play out.
The technicals give positive confirmation about the sustainability of this uptrend. 
  Fundamental problems overwhelming the oil market still exist despite this brief sigh of relief today.
The decline in API inventories was seen as bullish for price.
Move could create tradeable bounce for oil services company.

Columnist Conversations
I'm in a buy mode at the moment, but think it's a good idea to ratchet up stops on longs in Crude...the video ...
Have a great weekend as well. DXD chart for viewing pleasure. DXD working on ninth straight negative close, ...
As we might expect, the big decline in Oil prices triggered a mirror-image reverse trend in the CAD vs. USD, w...


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