The way it us going, 6 seems to be reachable in a month. 6.7 to 4.7 took 3 months. The reverse is what we are seeing now. But lot of resistance at 6, we have to wait and see the test to 6.
Last few days RSI was below 30 , yesterday it jumped above 50 to 60; So now I am expecting it go down.
there will be time in coming days to get back in at a good price.
It appears the volatility brought by the selling the midstream is done. It has risen more than 100% in volume during the last 5 or 6 days sessions, most of the time 2M or above per day. A dollar gain from the lows.
Imho, EROC has reached the bottom until otherwise there another major news. I am hoping to see now 7 in first quarter :-), another dollar gain.