After an onslaught against oil, this thing looks ready for a major reversal. Falling wedge. Multiple bullish divergences on recent lows on every time frame. Macd about to cross over on the daily. I’m hoping I can jump in below 8.50 tomorrow morning. First target is the gap fill at 12.7.
This panic buying will take the price never seen before in just short amount of time to the point your opportunity will be gone IMO.
Headlines • Natural Gas Storage Data Shows Smallest Cut This Year of -9bcf • Crude Surges More Than 25% Seeing US Energy Sector Up 6.75% • Asian Futures Mixed Heading into the End of Week
I believe the biggest bear market in the dollar is coming soon and because of that dollar could potentially won't the world reserve currency in the future. Holding the dollar right now is the dangerous thing you can do even though everyone seems to be taking their money out of the banks. Might be safer to put some in miners, gold, silver and all commodities....
OXY has the majority of its EV tied up in oil/gas and with the recent OPEC fallout it may make sense as a long. More research on extraction costs should probably be done because there may be a serious problem for the firm if oil prices are kept low and operations are not profitable. A minor portion of noncurrent assets is in chemicals and marketing but not enough...
Description: An analysis for the week ahead. Points of Interest: 200 weekly moving average; Friday’s low; trend line projected from 2009 and 2011 lows; the 2018 low, as well as 2015 and 2016 distribution area; 2720 balance area for retracement; cycle analysis. Technical: Broke out of a week long balance Thursday (i.e., cluster that included a 100.00%...
short selling because the candle breakout old support double top break in M30 and H1 BUT you can wait for confirmation on D1 time frame Because the price is at the bottom of the channel and maybe go up remind that you can wait for test and short sell again !
RSI & CCI divergence, EMA crossing, strong level. TP1 2.40, TP2 2.85, SL 1.79.
Today we will focus on the Weekly chart on Natural Gas. Use this as a guide to develop your view of the chart: Main items we can see: a)Currently, the price is on a massive support zone b)In 2012 and 2016 we observed massive reversal movements on the area between 1.90 and 1.60 c)If we are thinking about developing long setups, we have a good filter that has...
With the virus well underway, and the USD still holding up reasonably well (for now), crude will continue its historic plunge to record lows. Sometime by the spring or summer of this year, I see crude being around $20-23 before stabilizing sometime in 2021 (remember: crude this low is NOT a good thing for world equities and stocks). This re-stabilization will...
XLE is a strong sell! Will update. Option Trade will be posted soon at fibmarketwatch.com -AB
#GASBTC (Short Term) Buy: 0.00019730 - 0.00018744 Target 1: 0.00020322 Target 2: 0.00021111 Target 3: 0.00022689 Target 4: 0.00025649 Target 5: 0.00029595 Stoploss: 0.00018275 Invest: 3% Risk/Reward: 5% / 54%
Formación de posible long en NGAS, hasta ahora lleva mucho momentum bajista, esperar rechazos y confirmaciones para posible entradas en long
expecting natural gas price to stabilize if equity markets can recover soon.
Let's take a look at the NeoGas (GASBTC) chart. Here we have strong bullish action happening now but things can easily change... Let's take a closer look. GASBTC is now in an uptrend and completing a strong retrace. After the peak on 16-Feb., prices dropped below EMA300 until they hit 0.0001681 or EMA50. As soon as EMA50 was hit, a strong bounce started to...
Headlines: • Crude Futures Plummet on Growing Concerns About Coronavirus and its Global Spread • US Indexes Take Hit as Global Risk-Off Play’s Out With all Indexes Down -3% • Saudi Aramco Gets Approval for Development of the Al-Jafoura Field • Natural Gas down more than -3.5% falling from week highs
Surpassing conservative and taking bigger profits as indicated in the graph, that leads us to a reassessment of the next big move to come. First of all congratulations to those who took some short term gains from the previous analysis I provided. Lets agree that sometimes we make calculated risk and some luck is involve. Learning to trade on a fine balance between...