Is natural gas a good stock to buy?
When investing in natural gas stocks, it is important to look for companies with good financial stability, and a strong history of profitability. Natural gas stocks can be a good investment for stock market investors. This is because natural gas prices are expected to continue to rise in the future.
Two observation made the last two years between crude oil and CPI:
1) There were 5 waves up and
2) 3 significant peaks
However, between the last 2 peaks of crude, it was a lower low follow-by its downtrend, and CPI followed this downtrend subsequently.
Among many commodities, crude oil moves the most in tandem with CPI, but crude seems to lead in this...
My previous call on natural gas made Sept. 19 has come to fruition, achieving all three targets, and in a shorter than expected period of time:
Natural Gas / NG - It's Officially a Bear. Now, Hold My Beer
The question I've asked myself for the last few days is simply: Now that the June lows have been taken out, is it time for a reversal?
And frankly, I...
In this update we review the recent price action in the Crude Oil futures contract and identify the next high probability trading location and price objectives to target
✅CRUDE OIL went up to retest a horizontal resistance level
Which makes me locally bearish biased
And I think that a move down
From the level is to be expected
Towards the target below
SHORT🔥
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Crude Oil
Following Rising Wedge in Long Time Frame #LTF and did a Breakout and Retracement
Completed " 1234 " Impulsive Wave
Divergence
Break Of Structure #BOS
S / R Level
As you can see Crude is currently positioned on a 4/5 year support level which was first tested in May 2018.
As well as that it has reached the breakout point of the descending triangle and has perfectly placed itself on the 0.786 fib retracement level.
All of these indicate a bullish reversal in my opinion, however I wouldn't be surprised to see a bounce before...
What do you mean by a spread? A spread is a difference between two similar markets, in this case oil stocks and oil service companies versus the basic commodity that those oil companies trade in, which is crude oil.
There is a substantial trade set up at the moment that presents large returns with a reasonable amount of risk. Shorting Energy Stocks using the $XLE...
Oil WTI failed to break over the 50-day moving average during the session on January 3, and sellers returned after the price topped $80 per barrel.
This resulted in a rapid drop to $73/bbl, making it an interesting area to assess the strength of buyers on dips once again. Remember that the US is actively purchasing crude oil at 67-72 dollars per barrel range in...
I posted this pattern originally back in 2019 which showed the relationship between sharp drops in crude oil prices and the resulting support levels created in the stock market, as measured by the $SPX500 S&P500 Index.
Crude oil has basically gone sideways over the last 40 years when adjusted for inflation and when you factor in efficiency in that we get 22 mpg...
Crude Oil is rising strongly today on the 4H MA50, recovering from yesterday's rejection on the 1D MA100. Both the 4H and 1D time frames turned bullish technically (RSI = 60.309 & 60.309, MACD = 0.770 & 0.890, ADX = 36.187 & 25.146 respectively) as the price is approaching R1. This is a strong Resistance Zone that has been intact for 2 months. On it is the HH 1...
According to my wave analysis crude bottom level targets end here...
Maybe coming day we can see new HH level in #crude chart
Wave ..iii... target 7000 To 7200
chart Invalidation Level ---- 5900
Crude Oil broke and closed below a support line of a rising wedge pattern on 4H.
Taking into consideration that the market has recently reached a solid supply area,
probabilities are high that the market will keep falling.
Goals: 78.3 / 77.4
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USOIL has managed to stay slightly above the PCZ of a Bearish Butterfly as well as to not break down any trendlines and avoid the bottom of the Range; However, Despite how strong it may look it still has dailed to break structure and it has been showing lots of Bearish Divergence. So long as the range holds i suspect that we will trade back below the 1.618 and...
Hello,Traders!
USOIL is again retesting
The horizontal resistance
But I am somewhat bullish
Biased so IF we see a breaout
Then the price will go up
(IF there is no breakout
Then the setup is invalid)
Buy!
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USDWTI D1 - Still lots pending at the moment with regards to the dollar, we are starting the week off bullish, with the dollar up .15$% on the day, cable down .25%, XAU down .27% and WTI down a huge 0.5% so far... Hoping to see deeper corrections. But ultimately, we need this D1 candle on these ***USD setups to close red. Back on that heavy $80/b psychological price
Having turned neutral on risk last week, on the idea that traders would look to square exposures ahead of this week's data deluge, the call was early but largely on the money – where we saw the US500 close lower 4/5 days, losing 3.4% on the week. Elsewhere, the USD gained a modest 0.4%, US 2-year Treasury yields gained 7bp and crude hit downside targets with an...
