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Consol

Buying Consol Energy at previous highs.Consol Energy - 30d expiry - We look to Buy at 63.75 (stop at 60.75) We are trading at overbought extremes. Previous resistance at 64 now becomes support. The previous swing low is located at 63.32. Bespoke support is located at 64. We look to buy dips. Expect trading to remain mixed and volatile. Our profit targets will be 70.75 and 72.75 Resistance: 73.11 / 74.70 / 76.00 Support: 69.50 / 67.00 / 65.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NYSE:CEIXLong
by VantageMarkets
Consol Energy to find buyers at previous resistance?Consol Energy - 30d expiry - We look to Buy at 63.75 (stop at 60.75) We are trading at overbought extremes. Previous resistance at 64 now becomes support. The previous swing low is located at 63.32. Bespoke support is located at 64. We look to buy dips. Expect trading to remain mixed and volatile. Our profit targets will be 70.75 and 72.75 Resistance: 68.00 / 69.84 / 72.00 Support: 65.85 / 63.32 / 62.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NYSE:CEIXLong
by VantageMarkets
CEIX Consol Rally to $60 for Local Coal Cycle Toptry and be patient with this one. Geopolitical headlines will move it fast in this thin volume topping structure. await a run up near 60 and then play for downside strong fundamentals: finviz.com Greenlight Capital also discussed CONSOL Energy Inc. (NYSE:CEIX) in its Q2 2021 investor letter. The fund said: “Thermal Coal and Natural Gas ESG investing is inflationary, as green energy is simply more expensive than hydrocarbons. Hydrocarbon energy companies are starved for capital and are being told to change their ways. The result is less exploration and drilling. Even with benchmark oil prices surging over the last year, companies are loath to drill more. Normally, the cure for high prices is high prices. With ESG in the proverbial driver’s seat, we might need much higher prices still in order to increase investment to meet demand. There is almost nothing less popular than thermal coal. From 2011 to 2020, U.S. coal production declined by 51%. U.S. demand has fallen as we’ve shifted to alternative sources of electricity. As unpopular as coal is though, it still makes up about 20% of U.S. electricity generation. Globally, coal demand is growing modestly as China and India add power generation capacity faster than the West is reducing it. Even so, reduced oil and gas drilling has caused natural gas prices to advance and coal prices are following. Seaborne thermal coal prices are up 140% year-over-year and at the highest levels since 2011, and Northern Appalachia thermal coal prices are catching up, rising 23% in the last month alone. We own CONSOL Energy (CEIX), the lowest cost, most efficient miner in Appalachia, which is poised to benefit from rising coal prices. It trades at 12x consensus earnings estimates that look stale to us, as they do not reflect recent coal price gains.”
NYSE:CEIX
by noam_chom
3
Consol Energy: Buy Yourself Some CoalThis autumn would be long remembered in the market as crude, coal and natural gas prices jumped simultaneously to their several year highs. European Union is planning to expand its move towards green energy to become carbon neutral by 2050. However, to change the world as we know it is hard to do at once. Meanwhile, prices of traditional sources of energy such as coal, gas and crude are making new record highs. According to the BP plc estimations, green energy contributes only 5-6% to the global energy production, and it would extend its share to 45% by 2050.  Europe is facing significant gas reserves shortages ahead of winter season as the reserve facilities are only 20% full. This could be enough for the ordinary mild winter, but weather forecasts predict winter temperatures to dive below winter climate normal. In the situation of soaring gas prices to enormous $1076 per cubic meters European energy producers are turning to coal as a fuel for energy production.In this situation traders may get some extra profit not only from crude, gas and oil trading, but also from trading of energy stocks. Consol Energy could be one of such stocks. Stocks closed at $26.02 on Thursday with gains of 13.97% for the last month, and are rising for fifths consecutive month. Market cap of the company jumped by 196.35%. Seems yummy, isn’t it? The trend of decline share of coal in energy production is likely to continue in mid-term perspective. So, we may expect an upside trend for Consol Energy stocks to continue too. Moreover, its shares are far from their all-time highs at $47.35 and $48.12 that were recorded in 2018. Considering these levels we may have an 80% upside potential.A strong upward trend it Consol Energy stocks continues with the current support level at $23.40-24. Fast moving average EMA55 is duplicating this support level on daily timeframe chart at $22.50. Any correction to these levels it is worth considering to join the rally with acceleration of it if the prices moves above $28.26, a September 13 high.Considering exposure/profit ratio, such buy position looks quite attractive, so it is worth to use such opportunity. Traders may also consider other coal industry companies’ stocks such as Peabody Energy Corporation and Alliance Resource Partners for possible trading operations.
NYSE:CEIXLong
by scavoanastasiia