Shorting October gas against November. Spread is inordinately wide.
As per the chart showing, Natural Gas broke the H&S neckline and the uptrend. RSI also broke the uptrend. So NGAS should be now heading for target 2.670. Cheers!
Sell NG following sliding curves at 2.80 level and below. Bullish popping looks as a result of non-commerces' short positions covering and technically as a C-section between top-down curves. Currently is under control below 2.88 level .
Genie Energy Ltd. (GNE) is undergoing bad times since it is involved in oil and gas exploration and is deeply correlated with oil prices. However the stock has approached its triple bottom area and seems to be testing this zone for almost eight weeks in a row. Apart from that the company reported second-quarter net income of $3.5 million, after reporting a loss in...
Nat Gas trend has been down for two years now, and the small corrective cycle in a bearish trend has ended. Chart had a small corrective wave (last move truncated) and I'm targeting a fast move to $1.50 for my first target with a small bounce to near $2.0 support turned resistance and a final blow to $1.05. Nat Gas fast move lower will effect oil prices.
Slowly but surely climbing. Building base and support line. Buy for Long term hold but resistance may be the BLACK SOLID LINE. The below Solid green line will act as support but if fails then Bear Market.
Will be in short at rejection of current level (close below).
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NGAS
NAtural Gas is coming back from the historical minimums but looks like growing potential is limited. NGAS has already climbed almost 70% since March! A fibo level 261.80% of W5 may become a top here. Will try a short from this level (2.838), targeting 2.160 figures. SL: 3 figures
XOM which is oil and gas for DJX is around resistance level. See the full newsletter here: forum.marketstockoptions.com
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RunningAlpha dot com Capital Markets Intelligence High Priority Update for Monday, May 2nd, 2016 Although $39 and $36.50 remains baseline intermediate to long-term support for Light Crude Oil ( in reference to June Contract Pricing ), the recent advance upwards has opened the door for a further short covering rally upwards to $62 to $65, and perhaps $74 to $76...
I hope you are not short oil, because it just broke above a major line. Watch the lines.