“A new clean energy economy is emerging, and it is emerging much faster than many stakeholders, policymakers, industry players, and investors think today” – Fatih Birol, Executive Director, IEA during the Global EV Outlook 2023 press event on 26 April 2023.
The International Energy Agency (IEA) published its Global Electric Vehicle Outlook for 2023 on 26 April....
I mainly focus on technicals. If the fundamentals look good to you and you are in on IEA, this is a prime time to pick up some shares in my opinion. Bottom of the trend channel, volume picking up and momentum up. I also charted some key areas to take profits for swing trading.
- IEA has been consolidating in this triangle for quite some time now. Undoubtably a long-term play, has held its support and looks to have found a bottom, with volume should really pop
- Hidden bullish divergence on the RSI
- Bollinger Bands squeezing indicating a big move
- Buyer volume starting to pick up again
- Held support at the $11.28 level, has...
I mean need I say more than the company’s name? Just wait for that bill to be signed! This company has a backlog of $2 billion! At the same price level that took it from $12 to $24! I got the funds in place!
Headlines:
• Saudi Arabia plans to see Gas & Petrochemicals as a Source of Future Energy
• Covid-19 Cases Reach Close to 70,000 Globally as Spread Increases
• How Oil Prices Finished Last Week
• Asian Equity Futures ahead of the Overnight Session
The relative calm of financial markets on Thursday. Important statistics were not published yesterday. There is nothing expected to change the current situation on Friday. So, it means we continue to work in the previous vein.
While there is a cooling-off period for the main issues of concern, let's talk a little about the future of the oil market.
The...
Global demand growth revised lower is downside pressure for oil and more bad news for the commodity.. Short cad or oil are firm proxies to play this. 44.7 next target lower before 43.6. Weve seen oil move 2% lower on the day already on the back of the news, more downside today may struggle but I wouldnt be surprised.
Fed/ weak dollar may hinder further downside...
IEA Monthly Oil Market Review:
-IEA Keeps World Oil Demand Growth Forecast at 1.4M B/D in 2016
-IEA Downgrades World Oil Demand Growth to 1.2M B/D in 2017
-IEA Sees Lower Oil Demand Growth on Dimmer Macroeconomic Outlook
-IEA Sees Lower Oil Demand Growth on Dimmer Macroeconomic Outlook
-IEA Says Global Oil Supply Up 800,000 B/D in July on Higher OPEC,...
The IEA Oil Market Report was largely in line with OPEC's assesment yesterday - Non OPEC output was seen falling in 2016 by 900,000 B/D - However, they differed on the 2017 perspective with 2017 expectations from the IEA forecasting a modest growth of 200,000 B/D in 2017. Opec Output however rose to an eight year high up 400,000 B/D in June at 3.21M B/D on the...
![IEA: IEA [Infrastructure & Energy Alternatives Inc] BULLISH](https://s3.tradingview.com/6/6Kqh3d8H_mid.png "IEA [Infrastructure & Energy Alternatives Inc] BULLISH")
