$GEL Running Out Of EnergyGel is showing signs of resistance at the $32.39 to $32.85 level. Needs to clear that before any talk of continued uptrend. But for now, time to take profits if you already have some.
Energystock
S&P500 should drop 2 to 4.50%I think their will be market correction on "Energy Sector" of market, because it is over valued.
HAL - DAILY UPDATEI am watching $HAL hoping for a short term swing; seems to be going the right way so far, I like the recent news they've had. Bought on the 16th, hope for a strong next couple months.
Fundamentally Mispriced Gazprom (MCX:GAZP) – PreliminaryCaution: Preliminary Research – not an investment advice
What yesterday looked like a good long, today looks like even better one after the security took a 5% hit today.
What we're looking at: Gazprom mispriced at the fundamental level, giving a chance to almost double – according to the research, one could anticipate an appreciation of anywhere between 82 and 106 per cent. The implied target price range is between RUB 230.51 and RUB 260.73.
Investment horizon: months
Distressed: no
Alternative strategy:
Buy September's call option on Gazprom futures at 20000 (I'd go for more, but there aren't any), if you can find a counterparty.
Wish you x's, fam
XLE/ERX - Trend line attackI'm not satisfied with the performance of our XLE and ERX position. Sooner or later the rally will start here also... The more time we spend below the purple trend line the bigger breakout will come. On the 4th of April we broke above the trend line but lost it in a week. On the 4th of May we printed a new low in this decline on very high volume. Most probably that day was the bottom. If stocks are printing a correction during the next 2 weeks - unlikely - we might test back 65.82$...
I think when we break above the purple trendline again that will be a valid breakout and the great rally in oil stocks will start finally.
I will try to trade some individual stocks also. There will be stocks which will print 4-500% rally in the next 3-4 months.
I think ERX also has a good chance of printing a 200-300% rally.
All the indicators (MACD, TSI, SlowStoch) are showing a divergence. I'M preparing for 2 scenarios:
1. We are churning around the trendline for a few more days and breaking out
2. we test back the lows at 65.82$ and a monster rally is coming out of the double bottom.
Nasdaq, S&P, Dow Jones at all time highs. I see zero chance that oil stocks will miss this rally.
CHK bullish pullback?I'M EXPECTING A LITTLE MORE OF A PULLBACK HERE AND THEN CONTINUING HIGHER...HOPEFULLY FOR MY PLAN! IF IT RUNS BEARISH TO 5 OR BELOW I MAY BE LOOKING TO PICK UP SOME MORE SHARES.
Support for SLBIn my opinion, $77.50 is a critical support for #SLB. It will be my entry price if #SLB will hold and reverse at this price range.
long XLE @ 15 min @ trading capability for this 52nd week `16This is only a trading capability - no recommendation !!!
Next wkk i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
Exxon Mobil showing fresh signs of improvementThe gap above the USD89.37 range high of September is extending.
Momentum is improving on both weekly and monthly charts.
Relative to both the SPX and the Energy Index, XOM is showing fresh signs of outperformance.
This suggests potential for a run towards the USD95.00/55 area, where fresh consolidation could develop as overbought weekly stochastics unfold.
Following consolidation, background studies see scope for still further gains into the coming months.
Exxon Mobil LongLooking at higher time frames, Exxon (XOM) looks to be in a position to break upwards toward 104 area. It may take several weeks, but potentially, a nice addition to your portfolio. I recommend only using a buy stop order above the high of the last formed bull bar from this past EOW close.
Statoil in a Corrective StructureHi Everyone, we discussed this stock in our us energy stock screencast and identified that this was a short setup to keep an eye on.
Only a few days later now it has slipped sharply down and now rests on our lower trend line. We're going to start watching for signs of breaking down on a lower time frame. If it retests and is rejected the we will be taking a short position.
EOG Resources Short SetupHi Everyone, we discussed this stock in our us energy stock screencast and identified that this was a short setup to keep an eye on.
Only a few days later now it has slipped sharply down and has broken out and down. We're waiting now for a correction and also to confirm that it won't reenter the trend line on a shorter time frame for the short entry.
Marathon Oil Sell Setup As with all the other us energy stocks we have been following it has been making a corrective structure for 2016.
This appears to be breaking down as only recently MRO has broken down and out of the lower trend line.
Our trading conditions have been met now with it breaking out and down, retesting & rejecting so this we will be making a short trade here.
CononcoPhillips Short Setup We have been watching the us energy stocks and looking for signs of a break down. COP is one that appeared to be in correction and has just recently broken down out of the triangle. We're watching for a retest & rejection and then will be selling.
Crude Oil Technical Analysis for May 19, 2016Crude Oil price if went past 47.53, might signal for bearish move.
Let's wait and see.
XOI Oil Index 4/11/2016Oil has an oversupply problem so it may not go up as much as some of the other commodities, but it should still go up because USD will go down more.
