Energystock
FAILED TO DUMP - A9N1 - ARGUS PROPANE - SAUDI ARAMCO - WEEKLYThank you for your likes and comment. Little bit of risks have been taken in this analysis. Still, all, under probabilities. Thank you for your support.
Saudi Aramco price has been illustrating what is "divergence" in chart analysis.
It is back to an important price point.
From here, it is possible to see the price ranging to then recover fon a long run in the "long" direction.
Fundamental analysis here is crucial as it might probably depends on the World Political Climate and "Tensions" negotiations.
JSW ENERGY- DAILY TIME FRAME LONG SETUPThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
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WTIUSOIL weekly analysis monthly-hourlyIn trading or at the beginning of a trading week we need to have a look at the fundamental first to know when we are likely to have more volatility in the market
This is just the news 📰 for this week concerning USD since we dealing with Usoil alone here
We expecting price to drop into this monthly +OB and FVG and this are one of the things we must keep in mind when going into this trading week and month.
Everything still remain the same on the weekly we remain bearish. Look at how price react to the -OB last week. The question to ask is where are we going to Now? Where is price going or likely to be at the end of the week. When we have an answer to that then we work with the order flow with the ECONOMIC NEWS 📰 Coming out Because they will use the volatility to push price to where they want. So it is either we join them in the right direction or they punish us for going against them.
You can see how the past few weeks have been resting on the monthly Fvg (premium) that's algorithmic and what is going to be resting below it? Sellside liquidity.
We remain bearish on the weekly chart 📊. I see them going to hit the -OB before going lower to 24th Jan low having Sellside Liquidity and the BISI.
did you see the purge and revert there ??? do you see the daily FVG also i guess it should be fun this week.
I really appreciate you waited this far hopefully you find this helpful. For any questions or feedback I will appreciate that and also a like(Agree) lol and a follow. Have a bless week. TVC:USOIL
DOABC correction appears complete. No in a leading diagonal rising wedge pattern. Likely a retest to $5.80 before starting the next leg higher.
SOI - Oil equipment and services setting upTwo week falling wedge. Volume drying up in the wedge. Pulled back 61.8% on 2022's advance.
Small cap energy company with serious earnings and revenue growth.
You don't need to know what's going to happen next to make money ~Mark Douglas
Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
MPC - Earnings play. Expected to increase Q/Q by a wide margin1 1/2 month H&S bottom bullish pattern. Pull backs light and normal. Today's print is a hammer candle.
You don't need to know what's going to happen next to make money ~Mark Douglas
Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
NG Backwardation PlayClassic backwardation scenario, a textbook move. Major supply disruptions at Prelude floating liquefied natural gas (FLNG) facility in Australia, Nord stream at 20% flow, and a lag between demand and LNG deliveries to Europe will likely drive prices higher, but we are betting on what we know, the difference between spot and the August contract. We can expect the future price, to converge towards the spot price, making this position a long.
GAIL (India) Limited GAIL (India) Limited is committed to reduce carbon emissions and implement renewable projects. GAIL has a total installed capacity of 130.26 MW of alternative energy; out of which 118 MW are wind energy projects and 12.26 MW are solar energy projects. GAIL has installed India’s 2nd largest solar rooftop of ~ 6 MW grid-connected captive solar power plant at Pata Petrochemical complex. Further, roof-top and ground-mounted solar units are also being installed at various offices/ work centers for captive use. GAIL would like to be 1 gigawatt solar and wind both together or any other renewable part in the next three to four years.
CPG Quality mid-cap energy, 15-20% near-term 1W upsideCrescent Point Energy
Fundamental Analysis
Price to earnings ratio is around 1.4X (substantially lower than the sector and equities broadly)
Q1 Revenues were $950
Q1 Margin was 95% income to revenue
Following a 25% decline in recent price from $10.25 per share to below $7, $CPG appears to technically bullish on a long-term (6-9 months). Energy equities has a recent pull-back following the June inflation reports, however, upward momentum has just built up with the latest price now trading higher than the price 10 bars ago. The Commodity Channel Index on longer trading scales (4H) shows that $CPG has been oversold.
There is significant support channels at $6.90 (-5%) and resistance above at $7.95 (+9.42%). Above this, the next channels are $8.72 (+18.8), and $9.18 (25.1%)
Risks:
Exposed to global crude oil supply levels. Crescent Point Energy primarily is involved in the extraction of crude oil from Western Canada. Demand remains roughly around pre-COVID 2019 levels and therefore $WTI pricing is driven predominantly by supply. Currently, the price closed to below the 3-month mean, while the fundamentals of global crude supply have not changed significantly.
There are reports that the conflict in Europe may advance to various possible scenarios, which may (a) see the Russian Federation limiting and stopping export of oil to its current trading partners in Europe, bringing $WTI to above $300 USD based on current supply and demand figures, and (b) the G7 and EU may cap the price they may pay for Russian oil.
Competitors and related stocks in sector:
$VET Vermillion Energy
$OBE Obsedian Energy
$WCP Whitecap Resources
Exxon Pulled Back. Now It’s BouncingEnergy, energy, energy: It’s been the manta of 2022, so let’s take a look at Exxon Mobil.
Earlier this month, the oil-and-gas giant hit triple digits for the first time in almost eight years. As noted at the time , prices were extended and a pulled back sharply. And now they’re bouncing.
The main pattern on this chart is the falling trendline along the highs during the slide. XOM closed above that resistance Monday and continued its rebound yesterday.
Next you have $89.49, a high in April 2019. It offered resistance again in February, but turned into support in May. Interestingly, this was almost exactly the stock’s bottom last week.
Third, prices rose after testing the 100-day simple moving average (SMA) for the first time since December. That may indicate the longer-term uptrend remains in effect.
Finally, notice how stochastics are turning up after hitting the most oversold condition since last August.
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$PBR ~ Correction in progress...As shown, majority of energy stocks are starting to correct. Looking into the future, we believe these companies will provide amazing opportunities. We expect barrels of oil to reach $300-400 a barrel by the end of the decade. Recommend tracking this sector very closely for amazing opportunities.
$CEIX ~ Correction in progress...As shown, majority of energy stocks are starting to correct. Looking into the future, we believe these companies will provide amazing opportunities. We expect barrels of oil to reach $300-400 a barrel by the end of the decade. When it comes to coal, china is building more and more plants to meet required energy. Recommend tracking this sector very closely for amazing opportunities.
$TTI ~ Correction in progress...As shown, majority of energy stocks are starting to correct. Looking into the future, we believe these companies will provide amazing opportunities. We expect barrels of oil to reach $300-400 a barrel by the end of the decade. Recommend tracking this sector very closely for amazing opportunities.
$SCLA ~ Correction in progress...As shown, majority of energy stocks are starting to correct. Looking into the future, we believe these companies will provide amazing opportunities. We expect barrels of oil to reach $300-400 a barrel by the end of the decade. Recommend tracking this sector very closely for amazing opportunities.
ExxonMobil Shooting Star PatternThe weekly candles for the oil and gas company, ExxonMobil, look quite bearish. This could be the start of a major decline. There is a shooting star pattern forming on the weekly chart, while the oscillators are trending down and while the daily EMA exp ribbon and daily trend lines breaking down. Although anything can happen, it is looking like a major bearish reversal is occurring. It's sad that just last week all the "expert analysts" at CNBC were making strong bullish calls about energy stocks, citing "free cash flow" and numerous other reasons to buy them, all the while the charts are showing a topping pattern in energy and commodities. This is usually when tops form - when there is no bearish sentiment among anyone, and when strong hands are selling to weak hands. At least charts do not lie, and thanks to @TradingView anyone can access them alongside a plethora of crowd-sourced scripts and indicators.