I see oil pullback from lack of the new exciting data then bounce back to the strong levels on no reverse in overal situation.
Despite all the ESG mania i believe oil is going up breaking this resistance and continue bullish trend.
Possible buy on break up or wait till price falls to resistance.
Largely short term overbought stock MOEX:SNGS Perhaps going down to sane levels (R5 pivot on 30 min chart)
MOEX:SIBN After big Dividend Spike in GAZPROM NEFT we saw its shares bounce down to the lower bollinger band resistance. Would we see closing the gap to the upper band where it was before Dividends?
Oil short is always a bluff. Why? Because those who play downside are always underdogs in the big scheme.
NASDAQ:NVDA nVidia is about to launch "nvidia geforce now" project. Their Stock already corrected from september highs wich was pushed by Crypto Pharming on their hardware. And seems they push it into solid new project. Wich by subscription would give any notebook or pc digital power to play any games on ultra high graphics without upgrading hardware. Upside if...
MOEX:ROSN The stock is in the range. Stop target is 400 Take profit is on 440. Or higher if oil would start trending to higher levels in coming months.
If 1340 pivot would be passed ATR could go up and we can see 1400 on RTS. Oil is bouncing from key technical level MOEX:RTSI
Look at how spread between Aerospace and Defense ETF and overal S&P is at all time highs.
Double bottom in the Shorts indicates no further downside.