Wednesday 22 November 2017

MRO - higher with oil

With WTIC in the $58s, Marathon Oil (MRO) caught renewed interest, settling +2.5% at $14.88. Recent price action is just a retrace of the initial big wave from the key Aug' low. M/t bullish, soft target $19s. Any monthly close >19 will offer the 29/30s in 2018.


MRO daily



MRO monthly



Summary

Little to add, aside that there has been recent notable call activity in MRO.

yours.. bullish MRO, bullish energy