Currently in trade
Holding... didn't get it at bottom, but still it was a good entry point
Oil ERs are all done, oil is over $50, time for the beat up oil company stocks to go up.
2 already confirm money flow breaches in $gasl in a rising channel
scaled into both GASL & chk due to Money Flow Alert
$GASL to $100 by the end of next month, $GASX to $5
this is an inverted h&s within a shoulder of another inverted h&s ...
Oil related shares are not buying that SA skipped the deal yesterday.
Maybe somone had to open some long positions at suppressed prices today???
ERX, GASL closed the GAP in one hour...
This is not the start of an oil decline below 30$....
$UWTI $USO $GUSH
Shares of 3x Bull Natural Gas Related Equities ETF is trading just above a symmetrical triangle on above average volume following 3-months of sideways consolidation at the lows.
Definitely is moving similar path, next?
expect a nice run-up next week similar to the last setup. So far the moves have been identical.
buying $GASL, expect a repeat of a similar pattern in a few more days.
The market seemed to shrug off the initial drop in energy. As of late it seems much more correlated
In this 3 ETF (NatGas related 3x Shares) a few big players are positioning heavily for the last 4 months.
Do these big players know something????
Could head to $2.90 soon.
Previous resistance is now the support.
Started a position in GASL on Friday. Will add on strength