Are You an Oil Stock Sadist?

NatGas is holding a 61.8% retrace here in the possible blue LD for 1 of (C). But Oil dropped WAY under support for the orange b of (iii), technically it could be an alt (ii) of c of A in the orange diagonal count to the choppy upside, but looking more like the start of a measured move down (yellow arrow). However, we only have 3 waves down from the alt yellow 2/B so that "Pirate Ninja" could easily be an ED down and this is just wave (i) and needs a decent bounce as (ii) back up toward 58-60. Energy stocks continue to wander aimlessly, some flashing untrustworthy bullish setups others looking like they could waterfall like Dec 2018 and many other times in the past.We say each chart on its own but this sector is certainly closely tied to its underlying commodities and also the equity markets in general more so than say #Miners.

On that note: If you are a habitual oil stock sadist... you do not have to live this way. We can help. Come join the warm welcoming and supportive Miners community! #MiningStocks