ENERGY Warren Buffet was right, all major energy companies are primed to rip. Major cycle for energy before electric vehicles take over.
GAS
BOIL | Winter is Coming | Nat Gas ETFThe fund seeks to meet its investment objective by investing normally in Natural Gas futures contracts. It may also invest in swaps if the market for a specific futures contract experiences emergencies (e.g., natural disaster, terrorist attack, or an act of God) or disruptions (e.g., a trading halt or a flash crash) or in situations where the Sponsor deems it impractical or inadvisable to buy or sell futures contracts (such as during periods of market volatility or illiquidity).
Head and Shoulders Pattern On Natural GasHere we have a textbook Head and Shoulders Pattern after a strong uptrend on natural gas.
The volatility between the head and the kneckline was 19% so we used this as our main take profit area.
At first it seemed too much of a price move however 4 weeks later not only did we get past the 19% take profit area, price went down further to 26%.
This was a big trade to take, the entry for this set up is below: entering on the break and retest of the pattern. Using the rally candle for the signal to enter was key also.
Also had a 2nd opportunity to enter the downtrend and this was the continuation pattern = symmetrical triangle (if located in a downtrend then the chances are that breakout will be to the downside
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OXYNeeds above that 73 and this could be headed back towards its ATH and more
If dips ever appear and this trades sub 50's load it.
Buffett likes it, so do I
all you need to know
possible uscrude bullish wedgepossible trade, confirm the wedge as support and could go for a good rally, especially considering OPEC cutting production... anyone else excited for $6/gal gas again? :/ (im a delivery driver lmfao)
✅NATGAS MOVE DOWN AHEAD|SHORT🔥
✅NATGAS was trading along the rising support
But now we are seeing a bearish breakout
So I am bearish biased and I think
That the price will fall down
To retest the demand level below
SHORT🔥
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USOIL - Long opportunityWe've recently got a long signal from our EMAflow indicator projecting new range and targets for us.
Maby wedge in the making? we're definetly now bottom of the range where a little bit more down is allowed but could be great opportunity to enter as opec did say they're limiting oil production..
Entry arround 82-77
tp1 85
tp2 88
tp3 93
sl 76-74ish
RUBUSD - symetric triangleRUBUSD is about to make a move - chances are it breaks up or down - for me chances for down are a bit bigger than up.
Lets see :)
XOP DiversionA clear Diversion can be seen from the RSI and the recent price action. This suggests a near term return to lower prices as current ones are not supported by volume.
NATURAL GAS - NatGas - LongSo after a deep down of price we can have a shortly pull back.
Attention about possibilities for a long continuation after the pull back .. or in case of deep change of global situation about e breakdown of price until 6$ area.
After the pull back could be more clear the wave situation
Final ((C)) is completed or not?
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My team entered Bitcoin Mining Company $BTCM today at $.275 cent per share. Our take profit is at $.36.
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Natural Gas (Spot) weekly. NGThis weekly chart trend channel and wave count may
suggest the forthcoming trend of the Natural Gas price.
The last low at $5.4/MMBtu may suggest a bottom which
allows the price to trend higher in coming weeks.
However, we may see drop from current level of $7.03
to as low as $6 area before the uptrend may resume.
NATGAS Risky Long! Buy!
Hello,Traders!
NATGAS is now retesting the rising support
Just as I predicted in my previous analysis
So a local rebound seems likley
With the target being nearby
Buy!
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See other ideas below too!
NATGASHello,
For NATGAS I will watch the price action from 5.7 to 4.5. to Take long term long, For now its too late to short the head and shoulder the target is very near,,
DYOR, Not Financial Advice
Natural Gas, 4-Hour, Head and ShouldersDue to a head and shoulders pattern, a trend break, a supply reaction and an RSI divergence, I predict a decrease in natural gas' price.
Oil & Gas to NEW HIGHSXOP - is in the same type of consolidation it has been TWICE prior to its' current location. It has already bounced off of $114 support level. I'm anticipating the price running to a resistance level of around $180 with a pull back which would launch it THROUGH the $180 level which it hasn't been over since 2015. If current market condition continue running its' course, $330 is very possible in 2024.
These are just observations and NOT predictions.
PCG: Can utilities stand the bears?PG&E Corporatio n
Short Term - We look to Buy at 12.25 (stop at 11.57)
Price action has formed an expanding wedge formation. This is positive for sentiment and the uptrend has potential to return. Support is located at 12.00 and should stem dips to this area. Preferred trade is to buy on dips.
Our profit targets will be 13.79 and 14.50
Resistance: 14.00 / 18.00 / 40.00
Support: 12.00 / 10.00 / 8.50
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$DRIP oil majors will hold back new exploration and production. majors like BP turned on mega fields while prices to buy everything was cheap. they will pump their stocks now and hold back on new exploration and production and curtail current supply as required until 2024 to 2025
$GUSH to $30 or soThe Fed has made it clear they need oil prices lower and they will continue to crush the market until we do something about it as traders.
In the Information Society we are no longer needing to control the masses through the tyranny of violence or the scarcity of resources. Its better to ensure we continue to grow globally.
The pyramid must continue to be built and gas is too damn high and thus demand has been destructed.
✅NATGAS LONG FROM SUPPORT🚀
✅NATGAS is trading along the rising support
And as the pair will soon retest it
I am expecting the price to go up
To retest the supply levels above
LONG🚀
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The head and shoulder pattern means only one thingNatural Gas behave erratically and its extremely chaotic. It likes to give you the assurance that you are in control while sneaking and stealing your money away. It shows a head and shoulder patter, an even double top pattern. All the technical markings are showing one thing, NG! is ready to reverse it's price action.
But when it's clear, too clear should you believe NG! I wouldn't. Technical analysis says NG should reach $5 but my gut feeling says it will try to rip you off one last time. I would expect the great crash around next January. Not now.
But if it happens now, make sure to stock up some for really good long positions during the winter.
