It look likes ERF and maybe whole energy sector finally find support. At least for today.In case of ERF it is sits on MA 200.Hopefully, the bounce back up starts today.
oh yeah... Oil is down a dollar and ERF is going up.....that would be a new trend
Oil has been artificially inflated for over a year, and we have to wait until the air is out of the bubble before oil will rise again. It always does, but this year it went up too far too soon, in my opinion.
It just blew threw the 200mda
It's not lookin good.