$UVXY we've been here before lol 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
Recap: Bitcoin along with the US market should take a decent hit soon due to the continuation of strength in the dollar. Bear-Index's and the dollar appear to be where the money will be flowing during this period if this does play out.
My team will be using $UVXY to make profit from this scenario next week. We've literally been here before and walked out with a 38% gain. Check the links down below for details.
entry: $12.47
take profit: $17
stop loss: $11
If you want to see more, please like and follow us @SimplyShowMeTheMoney
GAS
Russian Gas monopolist is facing it's downfall?☝️What happened?
After taking decision not to pay dividents this year, Gazprom stock dropped almost 40% in the moment.
☝️Why they didn't pay dividents?
Also, prices on gas soared up high, company still decided that it needs spare money in case of unpredictable future problems. There is a theory that one of such problems could be complete stop of gas supply to europe that russian government can take in the near future.
☝️What's next?
From technical point of view we formed triangle and as volatility gets lower, it more likely that we will break it down and fall more.
I want to remind you that currently Gazprom doesn't supply gas to Europe as they are completing planned technical services until 22.07.
I expect further fall to the closest strong level at 160.00
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Long Crude! - Trading with the COT ReportThis is a great example of how to trade the COT Index and Net positioning - Commercials for crude oil are almost always net short (Think of all the big oil companies hedging their product) but in this instance, they are less net-long than they have been in quite some time (Not since November 2016). Look on the daily chart for an entry - be patient - remember your stops. I also like that the macro trend is positive. Added bonus - a great way to hedge your prices at the pump.
Note: Trading the COT simply tells you when we're in a bullish/bearish environment. An entry still needs to be made based on price behavior.
Additional Note: Look how accurate the COT Index has been on Crude (Red and Green highlighting on the lower chart)
Notes on My Trading Methodology and What I'm Even Talking About
COT Definitions:
- COT: Commitments of Traders Reports - A weekly report published by the government (CFTC) that shows long and short positions of the below 3 groups (As well as much more data I don't look at). We look at the NET positions of these 3 groups and compare them to historical levels to signal trade opportunities
1- Commercials: Hedgers - We want to trade with them when they're at extreme levels (Think Tyson, Cargill, General Mills, etc)
2- Large Speculators: Hedge funds and large institutions - We want to fade them when they are at max positions (Think suits in NYC and commodity funds)
3- Small Speculators: People/institutions trading small lot sizes not big enough to report to CFTC - We want to fade their max positions as well since they represent the public (Think dude in his PJs trading and small trading firms)
Indicators on Chart:
- The first indicator shows the net positions of the 3 groups above plotted over time
- The second indicator is an index of the relative buying/selling of commercials over a certain lookback period. Anything above 95 is looking for buy, look to sell when it hits 0
- Note: Just because the Commercial's net position is negative doesn't mean it can't be relatively net long and signal a buy (same in the opposite scenario)
Trade Setup - Both Must Happen:
- When commercials are at max levels we are alerted to buy or sell (Depending on the criteria above)
- On a daily chart, use technical indicators, candlestick patterns, news, etc to enter the trade (not shown here)
- Added bonus when the trend is your friend (I use a Multiple Moving Averages indicator to visualize)
oil weekly outlook Continuous downtrend on oil. Currently around the area of 97.75. Waiting for retrace to trend line before continuing down. Crude has tested this current minor structure demand area three times since july 5th. Formed a double bottom on the Weekly timeframe. Waiting for a break and close below current support around $97.00.
With continued recession fears, and demand stopping has been causing oil to fall for the past few weeks. If current support and demand structure broken it will be a confirmation of continued selloff and possible to $60 price range.Waiting to see how it reacts to retracement to the trend line. If it respects the trend line confirmation of continued sell, if it breaks the trend line then wait for pull back confirmation for buy.
China having rising COVID cases and possibly going backdown on lockdown cause cause a continued selloff for oil, making demand a worry for oil. China is one of the nation's top oil importer. China was already on lockdowns earlier this year. On Friday, July 15th President Biden took a trip to discuss oil production in hopes to get gas prices down. He visited Saudi and the market reacted friday to the meeting, expecting very little progress for oil production. Oil rose. On Sunday July 17th a Senior U.S. state department advisor stated middle east nations would being taking extra steps to increase oil production. With the increase from some middle east nations, OPEC + 650,000 increase set for July and August already would be enough to keep oil prices down.
$OIL bet on support holding 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
Oil is in a really good buy zone right now. Crude is trading at $96 a barrel and could head to $93 before reversing. It has been under pressure due to recession fears, omicron concerns, and dollar pressure. Gas prices around the country have dipped, but my team believes that this will be short-lived. We may get a larger oil spike to $130-$140 soon.
Our portfolio as of 7/12/22: $TECS $CRK
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$CRK oil hedge 2.0 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
Recap: Our last time entering this thing was at $20 on 6/9/22! We carefully avoided taking a big hit on this trade by exiting on 6/15/22 at $17.42 per share.
Today my team entered oil company Comstock $CRK again, but this time dirt cheap at $12 per share. Take profit is unknown but the set-up looks extremely bullish!
OUR ENTRY: $12
STOP LOSS: $11
If you want to see more, please like and follow us @SimplyShowMeTheMoney
EURUSD - reopening of the Nord Stream 1 - a major vol event?Talk of an unfolding energy crisis in Europe is well known, but we now come to a more defining and almost binary point in the proceedings – one EUR, commodity and EU equity traders should be aware of as a major event risk.
On 21 July, the Russians will need to make the call to resume the flow of natural gas (NG) through the Nord Stream 1 pipeline – the pipeline, which supplies c.10% of Europe’s consumption was closed this week for maintenance and is due to re-open on 21 July – or at least that is the plan.
Supply through the pipeline that transports NG from Russia to Germany has fallen some 60% since June, due to a mix of sanctions and because a key turbine used to pump the gas was removed and sent back to Canada for maintenance and has remained there due to global sanctions. The Europeans, notably, the Germans and Italians, are concerned the Russians may use the unavailability of the turbine as a pawn to halt the restarting of flow on 21 July.
Various news wires have suggested the Canadians, under some pressure from Germany, have agreed to export the turbine back to Germany, but Gazprom has suggested they’ve not yet seen any documents providing evidence the turbine will be allowed to return. Naturally, the concern is if Russia does not restart the flow, we could see European NG inventories fast depleted, and any hope they could build them through the July to September period, and ahead of the winter, reduced. Talk of gas rationing is certainly elevated and it could significantly impact EU inflation and lower growth. It would make the job of the ECB, which is largely expected to hike rates by 25bp on 21 September, far more challenging.
The Europeans would look to the LNG market as an alternative, but that market is already very tight, with sizeable demand out of Asia.
Current inventory levels are manageable and can supply European demands through the winter period, but much now relies on the future flow from Russia. Russia seemingly holds the cards and will be acutely aware that if they don’t restart the flow then EU NG prices could push from current levels of E180 per MWh and above E200 MWh. In a world where most commodities are trending lower, EU NG prices are appreciating rapidly and with falling growth and consumer sentiment, this is a toxic mix for Europe.
While we can look at relative excepted interest rate settings, terms of trade or other traditional metrics that showcase the relative attractiveness as an investment destination – the simple fact is that EURUSD and EU NG prices are incredibly negative correlated and seem to have the strongest statistical relationship. The 21-day rolling correlation between the two variables is -0.88.
Taking that into account, it almost seems binary that EURUSD will move in anticipation of the outcome of Russia’s decision on 21 July. We can argue that EURUSD is already pricing in a large degree that Nord Stream 1 won't restart immediately, so that needs to be considered.
Of course, in the near-term, the pair will move on other factors but it’s time to put the 21 July and Russia's call on flow on the radar, because FX traders will be watching closely and reacting to headlines – any view that the flow will resume, even at a lower rate than before the recent halt, could lead to relief that Germany (and other nations) may not have to ration gas through the winter period, in turn, driving a market short of EURUSD into 1.0150/1.0200 and pushing the GER40 higher. Of course, if they hold off then it could set a new leg lower in EU assets.
An event risk to put on the radar.
$BTC bull burgers and fries 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
Recap: Bitcoin along with the US market should take a decent hit sometime this week due to the continuation of strength in the US dollar . Bear-Index's, the dollar, and energy appear to be where the money will be flowing during this period if this does play out. This would lead to a temporary slowdown in the growing Chinese economy and allow it to retest support.
The likelihood of a 12k-15k scenario is increasing.
!! This chart analysis is for reference purposes only !!
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$NIO a technical blessing 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
My team entered Chinese Electric Vehicle company $NIO today at $22.50 per share. Our first take profit is set at $27.50. We also have a stop loss at $21.
OUR ENTRY: $22.50
FIRST TAKE PROFIT: $27.50
STOP LOSS: $21
If you want to see more, please like and follow us @SimplyShowMeTheMoney
NG (GAS!)Looking at my NG chart we see the broken structure of a falling wedge. This gives the indication of a bullish run. As we can see price did exactly that and bulls broke out of the structure. Targets havent been met by a long shot. We are correcting at the moment and finding our support before going up. Nice trade if we find support at the 5.950 level
Euro headed towards parity?The Euro hit the lowest level since 2002 this morning on reports that a key Russian gas pipeline had stopped sending gas to Europe. This has sparked recessionary fears across European markets. Further downside could be in the works despite being oversold. The ECBs anti-fragmentation tool may keep the ECB monetary policy stance for longer
Brent & Natural Gas PricesBrent Crude is around $111.36, as investors grew concerned about a potential global recession and the tight supply of crude. Data from the Organization of the Petroleum Exporting OPEC Countries showed that its output fell by about 100,000 barrels per day in June.
Libya's oil exports have dropped to between 365 and 409 thousand barrels per day, which is about 865 thousand barrels below the level that was normal. Also, a planned strike in Norway will reduce the country's oil production by about 130 thousand barrels per day. Despite the recent rise in oil prices, the market is still expected to remain weak in the coming months due to the global economy and the lack of supply.
Natural gas prices in Europe started July at around 150, which is a level not seen since early March. The rising prices are expected to continue due to the tight supply of gas. A strike by workers in Norway this week is also expected to reduce the country's gas output by around 292,000 barrels per day. This could threaten the European Union's efforts to increase its storage capacity.
Due to the reduction in Russian gas flows through the Nord Stream pipeline, Germany, which is the EU's largest economy, has enacted the second phase of its emergency gas plan. It involves increasing the monitoring of the market and the restart of coal-fired power plants.
$NTI NTI
--1 year accumulation/consolidation range
--Potential bull pennant forming.
--Hidden Weekly divergence
watch list for now.. looking for a break in direction A or B what direction do you have and why ??
-Landmark study into paediatric ASD (autism spectrum disorder) has now progressed to the to pivotal drug registration stage.
-NTI164 is one of NTI’s proprietary cannabis strains, and is said to be the world’s first full-spectrum medicinal cannabis product (less than 0.3% THC) to be successfully studied in children with ASD.
$CVX CHEVRON WYCKOFF plus INVERSE HEAD and SHOULDER Pattern$CVX Chevron Corp
This is one of my favorite charts because it had a clear UPTHRUST WYCKOFF DISTRIBUTION PATTERN and I was able to short the full measured move down without a sweat and share that with my friends, yay money!
Chevron has completed the full measured move down on the WYCKOFF distribution pattern and is showing signs of accumulation. A few things to note below:
1. Warren Buffet loaded on Chevron.
2. Supply on oil is still low and the demand is high. The government policy on oil refineries doesn't help the supply.
3. The Russia War on Ukraine is still in full effect. (prayers)
4. Their earnings lag, however, this stock will move significantly on news that directly effects these headlines.
5. It is a dividend paying stock, I believe the news will try hard to beat it down so hedge funds can load up.
Like I mentioned above, $cvx appears to be in accumulation, it has formed a decent consolidation pattern.
If you zoom into the 4 hour timeframe you will find a beautiful INVERSE HEAD & SHOULDER pattern developing (flip from bars to line chart for a different view).
The left shoulder shows the highest selling volume bar and checks the box of a textbook inverse H&S.
However, if this pattern fails, I have setup some support levels below.
This one will be on the top of my watchlist next week!
$SPY Bear Flag or Diamond Pattern? $SPXThe S & P 500 is showing mixed technical analysis, while the bear flag is the most obvious in the chart. The bullish price action near support could turn this into a diamond reversal bottom if we continue side ways and print CPI showing positive signs that inflation is slowing. It could also move upwards if CPI prints stagnant proving the increase of rates and QT (quantitative tightening is working). However I don't believe that will last long, IF it even occurs (more of a initial reaction). Continued stagflation will send consumers into panic and saving mode as supply remains low and demand remains high.
Top 3 categories to follow for stagflation/inflation:
1. FOOD
2. OIL/GAS/ENERGY
3. HOUSING
Jerome Powell admits that the FED underestimated inflation.
Always check the essentials that humans need to survive daily. The materialistic stuff will naturally decrease if we lack supply in essentials.
NATGAS RSI in 4hr time frame showing a positive sign. Chart structure looks good for a relief bounce. First target would be 6.7
oil 6\23 update~i recently discussed the possibility of oil topping out,
but after diving a little deeper into the charts (specifically the energy sector) -
i've come to the conclusion that it wants to move higher.
---
i'm going to be looking for some chop in the days ahead, which can take oil down to anywhere between $99~$96
followed by a pretty nice move up to $156.
it can go higher theoretically, and i almost would expect it to, but that's my conservative upside target.