Thank you for the chart. I am seeing short term support more at $18 and the 200ma (16.60) The last three days of higher lows and lower highs is telling indecision in the short term (or manipulation, ops ex?) I think many shorts we're "squeezed out" at end of July rally (volume has been dismal since then). Are there enough shorts left to stop the rolling over we are seeing? I think the path of least resistance is down and the CFO musical chairs is not giving me warm fuzzies. I still think $14 is VERY realistic before we see any serious consolidation unless oil totally tanks. With the inflationary bag of tricks from this administration and hurricanes season getting rolling, I don't see alot of downside in oil. But, with YRCW, you never know. Good luck with your trading/investing.
You're right! The chart looks fantastic! It closed near the low and everything. Hey, the whole trucking sector looks GREAT and the whole market looks GREAT. Look at all these "VALUES" let's get some FRE, FNM too! Oh, and can I have a hit off that pipe you're smokin'? See you at $14, the new $20.