The morning reversal was a little bit later than normal today, nooner LOD, but structure was much the same. Cup-and-handle coil and go type of action to bust through the VWAP to near range HOD.
Did I mention that it was on neutral sediment? The same move plays day after day.
They need to bust it up hard at these levels, and show some evidence of increased business at higher prices, or else Santa's sliegh might hit a snowbank.
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