Technical: IOC Update

[trans]

On my work, I've been waiting for OBV volume reversal downturn to end.  It usually takes 3-5 days to be normal,  It can be longer, but some other things are converging that make me feel pretty good odds IOC is in a low area here.    First today is fifth down day, usually in a low area.  Second, Oil futures big expiration is this afternoon, and I feel it has good odds of being a pivot point to start a crude rally higher, at least short term.   So, if it helps, I feel IOC is ready  to trade higher again, first objective would be mid forties, fwiw....trans

[kommonsents]

On my work, I've been waiting for OBV volume reversal downturn to end.  It usually takes 3-5 days to be normal,  It can be longer, but some other things are converging that make me feel pretty good odds IOC is in a low area here.    First today is fifth down day, usually in a low area.  Second, Oil futures big expiration is this afternoon, and I feel it has good odds of being a pivot point to start a crude rally higher, at least short term.   So, if it helps, I feel IOC is ready  to trade higher again, first objective would be mid forties, fwiw....trans

Thanks for a good technical analysis and perspective, Trans.  Let's hope you turn out to be accurate!   I also like your 777!

[Getitrt2]

IOC bottoming today? Maybe trans just a little early.

TODAY was expiration and transition from Sept to Oct contracts for WTI crude oil, with some bounce up, at least temporarily.

[Thylacine-2]

These days IOC's price seems linked to that of oil. Maybe a name change would help, from Interoil to something like DirtcheapLNG.

[trans]

On my work, I've been waiting for OBV volume reversal downturn to end.  It usually takes 3-5 days to be normal,  It can be longer, but some other things are converging that make me feel pretty good odds IOC is in a low area here.    First today is fifth down day, usually in a low area.  Second, Oil futures big expiration is this afternoon, and I feel it has good odds of being a pivot point to start a crude rally higher, at least short term.   So, if it helps, I feel IOC is ready  to trade higher again, first objective would be mid forties, fwiw....trans

Very rare overrun on the reversal downturn, although I've seen a few through the years. Todayis 8th consecutive reversal down day.  In the 7 years I've followed ioc, its had maybe one or two.  I also like to see selloffs into opt expirations and we are coming into one this weekend.   Sorry I gave the normal reversal, but short term pain should be relieved soon.  imo

[TomCrooz]

On my work, I've been waiting for OBV volume reversal downturn to end.  It usually takes 3-5 days to be normal,  It can be longer, but some other things are converging that make me feel pretty good odds IOC is in a low area here.    First today is fifth down day, usually in a low area.  Second, Oil futures big expiration is this afternoon, and I feel it has good odds of being a pivot point to start a crude rally higher, at least short term.   So, if it helps, I feel IOC is ready  to trade higher again, first objective would be mid forties, fwiw....trans

Very rare overrun on the reversal downturn, although I've seen a few through the years. Todayis 8th consecutive reversal down day.  In the 7 years I've followed ioc, its had maybe one or two.  I also like to see selloffs into opt expirations and we are coming into one this weekend.   Sorry I gave the normal reversal, but short term pain should be relieved soon.  imo

I would say we see a 1-2 point drop in the vicinity of 32.5 to 33.5 on Monday( I would prefer the 2 pointer) followed by a strong rally (Croozian Reversal) to close positive on the day.  Buy with both hands at that point.  A close below 32.25 and God help us.

[2126]

These days IOC's price seems linked to that of oil. Maybe a name change would help, from Interoil to something like DirtcheapLNG.

IOC pps May 1, 2015 = 51.94

IOC pps August 21, 2015 = 34.28  (down 17.66 or 34.00 %)

Brent Crude May 1, 2015 = 66.56.

Brent Crude August 21, 2015 = 45.31 (down 21.25 or 31.92%)

IOC tracking pretty close to Brent Crude downturn.

[sageo]

On my work, I've been waiting for OBV volume reversal downturn to end.  It usually takes 3-5 days to be normal,  It can be longer, but some other things are converging that make me feel pretty good odds IOC is in a low area here.    First today is fifth down day, usually in a low area.  Second, Oil futures big expiration is this afternoon, and I feel it has good odds of being a pivot point to start a crude rally higher, at least short term.   So, if it helps, I feel IOC is ready  to trade higher again, first objective would be mid forties, fwiw....trans

Very rare overrun on the reversal downturn, although I've seen a few through the years. Todayis 8th consecutive reversal down day.  In the 7 years I've followed ioc, its had maybe one or two.  I also like to see selloffs into opt expirations and we are coming into one this weekend.   Sorry I gave the normal reversal, but short term pain should be relieved soon.  imo

I would say we see a 1-2 point drop in the vicinity of 32.5 to 33.5 on Monday( I would prefer the 2 pointer) followed by a strong rally (Croozian Reversal) to close positive on the day.  Buy with both hands at that point.  A close below 32.25 and God help us.

Tom - A pleasant and good evening to you .I read your post a couple of hours ago and decided to have an adult beverage ( to heck with the doctor) and sit out on the patio and contemplate your words . As I sat there sipping and thinking,I watched a red cardinal and a big blue jay (ten minutes apart) feast on some ripe figs on my neighbor's large fig tree. I thought back on what I did on Jan. 15 th of this year.On that day,after much agonizing within myself,I purchased " way too much more ioc at 33.51 .Was not the low of the day,but close. Was I smart....heck no, just believed strongly in our assets in our leases.Now after 7 tough months,we are faced with new challenges.....lower crude and ng prices. I believe more than ever now that with E/A and our TBR discoveries ,our assets are still very valuable. However,with the current situation, I am reluctant to try to repeat my Jan.15 th action . My courage ( and my capital)  are not as strong as they were at that time. If I can regain my courage between now and Monday, I might try to add with one hand, but can't with both . Some SM may try to buy (steal) us at good price (for them) in the next few months,but I guess it will depend (if they do) on what our BOD decides.

Apologize for my lengthy verbage but just wanted to vent a little .[ Hope I wasn't just rambling !] A happy and safe weekend to you and yours and as "Red" always ended his show years ago ' God bless" .

[sfiaes]

No apologies necessary Sageo. Thanks for your thoughts.

Overweight and underwater is a likely lament for many of us. Hang tight.

[TomCrooz]

On my work, I've been waiting for OBV volume reversal downturn to end.  It usually takes 3-5 days to be normal,  It can be longer, but some other things are converging that make me feel pretty good odds IOC is in a low area here.    First today is fifth down day, usually in a low area.  Second, Oil futures big expiration is this afternoon, and I feel it has good odds of being a pivot point to start a crude rally higher, at least short term.   So, if it helps, I feel IOC is ready  to trade higher again, first objective would be mid forties, fwiw....trans

Very rare overrun on the reversal downturn, although I've seen a few through the years. Todayis 8th consecutive reversal down day.  In the 7 years I've followed ioc, its had maybe one or two.  I also like to see selloffs into opt expirations and we are coming into one this weekend.   Sorry I gave the normal reversal, but short term pain should be relieved soon.  imo

I would say we see a 1-2 point drop in the vicinity of 32.5 to 33.5 on Monday( I would prefer the 2 pointer) followed by a strong rally (Croozian Reversal) to close positive on the day.  Buy with both hands at that point.  A close below 32.25 and God help us.