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GAS

$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.
AMEX:SPY
by ChaldeaCode
$EQX gold setup 👁‍🗨*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 gold mining company Equinox Gold Corp $EQX today at $5.75 per share. Our take profit is $9.50. We also have a stop less set at $5.15 OUR ENTRY: $5.75 FIRST TAKE PROFIT: $9.50 STOP LOSS: $5.15 If you want to see more, please like and follow us @SimplyShowMeTheMoney
AMEX:EQXLong
by SimplyShowMeTheMoney
7
$CRK oil hedge 👁‍🗨*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* Today my team entered oil company Comstock $CRK at $20 per share. Take profit is unknown but the set-up looks very promising. Entry: $20 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NYSE:CRKLong
by SimplyShowMeTheMoney
2
Oil price the same so why is gas higherOil is the same price it’s been since 2008 so who wants to explain to me why gas is triple priced? I think I know why because the corporation knows they can price gouge us with this moron in office who is also getting himself rich; they know he can’t and won’t do anything about the crashing and rip off of our economy because he is doing it to. 40 billion they gave ukraine would have given every homeless American 557,000 of them over $70,000 each we literally could have ended American homelessness instead of this fake war sending our hard earned money while we suffer in poverty here we need to unite and do something about this
TVC:USOIL
by celebratecrypto
GASS high demand for its services soon!!!The U.S. will supply 15 billion cubic metres of LNG (liquefied natural gas) to the European Union this year to help it wean off Russian energy supplies. And this looks like the beginning of a long term business plan. GASS StealthGas provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users internationally, including various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer, also refined petroleum products (gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals). GASS has a fleet of 50 vessels! Market Cap of only 90.493Mil I think this stock can easily double soon! Looking forward to read your opinion about it.
NASDAQ:GASSLong
by TopgOptions
6
Excelerate Energy $EE still holdingNYSE:EE is a company that provides liquefied natural gas and energy solutions in Texas, USA. They recently signed a FSRU (Floating Storage Regasification Unit) Charter Agreement with Gasgrid Finland to provide "energy security and supply diversification to Finland while also serving more broadly the needs of the Baltic Sea region". I bought an initial position at the breakout from a "low cheat", it had a good follow through but then the outside bar erased it. Now I just tightened my stop below the $28.75 zone because the selling has been in light volume and its a good resistance line. If the price makes a new high above $31 I'll be buying it. For now I'll wait.
NYSE:EELong
by dpuleo19
Less Liquidity In Summer Months Could Lead To More VolatilityThe Memorial Day weekend is the start of the summer season. In many markets, seasonal factors can impact prices. The old saying, “sell in May and go away,” may not be applicable in the stock market as stocks have been on a rocky path lower in 2022. In commodities, gasoline, meats, grains, and other raw material prices often increase as demand peaks. Heating oil and other winter commodities often move to the downside. However, 2022 is anything but an ordinary year in markets. Thin markets are more volatile than liquid markets Market participants are tired and frustrated in 2022 Lockdowns over the past years could lead to extended summer vacations Lots of head-fake moves on the horizon Expect the unexpected- Volatility leads to opportunity Over the past two years, the global pandemic distorted prices. Stocks rose as artificially low interest rates made the stock market the only alternative with fixed income yields at historical lows. Rates are rising in 2022, with a hawkish Fed and falling bond market. Supply chain bottlenecks continue to plague commodities, and the war in Ukraine has only exacerbated pricing and availability issues. Mid-term elections in the US, and a Presidential contest in Brazil, a leading commodity-producing country, are on the horizon later this year. The geopolitical bifurcation between nuclear powers is another issue facing markets that reflect the economic and geopolitical landscapes. Market participants are exhausted as 2022 has brought a new set of concerns. We could see liquidity in markets dry up over the coming weeks and months as the summer has arrived, and vacations will limit participation in markets across all asset classes. Thin markets are more volatile than liquid markets Liquidity is a critical ingredient for smooth-running markets. Liquidity tends to reduce price variance as more market participants increase buying and selling interests at various levels. Commodities tend to be more volatile than other assets, sans cryptocurrencies, but some raw material markets experience far more volatility than others. Lumber and crude oil are two highly volatile commodities, but one has minimal liquidity while the other experiences far more participation. The daily chart of CME lumber futures shows that daily volume tends to be well below 500 contracts. Open interest at 2,293 contracts makes lumber an illiquid market. Daily historical volatility at over 62% is a function of the lack of volume and open interest, leading to price gaps and limit-up and limit-down price moves where buying disappears during bearish periods and selling evaporates when the price moves higher. Meanwhile, on a typical trading session, NYMEX crude oil futures trade well over 400,000 contracts, with open interest at above 1.81 million contracts on June 2. Daily historical volatility at below 20% reflects that the highly liquid oil market has buyers and sellers at all price levels. The bid-offer spreads in liquid markets are far tighter than in illiquid markets. As liquidity declines, markets tend to experience far more price variance. Market participants are tired and frustrated in 2022 In early 2022, market participants were breathing sighs of relief as the global pandemic was beginning to fade in the rearview mirror. Health concerns may have declined, but financial woes increased with prices. Monetary and fiscal policies planted inflationary seeds that have caused prices to explode higher, while supply chain bottlenecks continue to exacerbate inflationary pressures. Meanwhile, the Russian invasion of Ukraine is another crisis following on the heels of two years of pandemic panic. Sanctions and Russian retaliation exacerbate inflation. Moreover, Russia’s “no-limits” cooperation with China creates a geopolitical bifurcation of the world’s nuclear powers. We live in interesting and exhausting times, with people tired and frustrated with the events since 2020. Lockdowns over the past years could lead to extended summer vacations Lockdowns ended in the US as vaccines went into arms. People have returned to work and school. In China, the COVID-19 restrictions appear to be easing. In early June 2022, the coming summer months offer the opportunity to rest, relax and recharge internal batteries for the second half of 2022. The demand for travel, hotel rooms, and other vacation-related consumer products has soared. Inflation and supply chain bottlenecks have only increased prices, but the demand is robust. As market participants take a few weeks off over the coming months, they are likely to turn off their screens and ignore the market action that could interfere with good times with friends and family. Increased vacations may bolster earnings for travel-related businesses, but it will reduce market liquidity as a vacation for many includes a rest period from watching or participating in markets across all asset classes. Lots of head-fake moves on the horizon As liquidity declines because of a lack of participation, markets will likely become a lot bumpier over the coming weeks and months. Selling could lead to downdrafts and buying may create rip-your-face-off rallies. These events cause head-fake moves that can cause even the most experienced traders and investors more than a bit of indigestion. A decline in liquidity could dramatically increase price variance. The geopolitical and economic landscapes will not take any vacation during the summer of 2022. Expect the unexpected- Volatility leads to opportunity Expecting the unexpected will reduce the stress-related with sudden market volatility. Moreover, higher price variance increases opportunities for nimble traders and investors with their fingers on the pulse of markets. Approach markets with a sold risk-reward plan that avoids open-ended risks. Even though declining liquidity can cause markets to rise or fall to irrational price levels, always remember the current price is always the correct price because it is the level where buyers and sellers meet in a transparent environment, the marketplace. Do not be afraid to take small losses and remember to take those profits or adjust risk levels to protect them when markets reach targets. Trading or investing with a plan and sticking to it avoids the ego-related mistakes that cause us to believe we are always right, and the market is wrong. The market price is never wrong. Meanwhile, combinations of put and call options can protect the downside, hedging portfolios while allowing for upside participation that will enable you to enjoy your time off from the daily grind. Enjoy the summer but keep your eyes open for opportunities. Adjust your mindset to expect the unexpected and embrace the higher volatility that comes alongside lower liquidity. Price variance is a nightmare for the passive, but it creates a world of opportunity for the dynamic. -- Trading advice given in this communication, if any, is based on information taken from trades and statistical services and other sources that we believe are reliable. The author does not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects the author’s good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice the author provides will result in profitable trades. There is risk of loss in all futures and options trading. Any investment involves substantial risks, including, but not limited to, pricing volatility, inadequate liquidity, and the potential complete loss of principal. This article does not in any way constitute an offer or solicitation of an offer to buy or sell any investment, security, or commodity discussed herein, or any security in any jurisdiction in which such an offer would be unlawful under the securities laws of such jurisdiction.
LEducation
by Andy_Hecht
1
$TSLA tweet about it 👁‍🗨*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 electric vehicle company Tesla $TSLA today at $881 per share. Our take profit has been set at $1100. Elon Musk: "Tesla has diamond hands" Our entry: $881 Take profit: $1100 If you would like to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:TSLALong
by SimplyShowMeTheMoney
2
Consolidation in the Oil Market- Do Not Get Too ComfortableIn early March, when Russia invaded Ukraine, the oil price soared to the highest levels since 2008. While the energy commodity did not reach a new record high, it came close. Nearby ICE Brent futures reached $139.13 per barrel, only $8.37 below the 2008 record peak. The NYMEX WTI futures moved to $130.50 per barrel, $16.77 below the 2008 high. $100 has become a pivot point Product prices and crack spreads have soared- Consumers require products Russia and OPEC have little interest in helping the US and Europe SPR releases are symbolic- The selling will require future replacement Crude oil is building cause for a move to a new all-time high Meanwhile, the 2008 peak in the oil market did not contain gasoline and distillate prices, which have soared to new all-time highs in 2022. Crude oil is the primary input in oil products, as refineries tend to process WTI into gasoline and Brent into distillates. The rise in product prices is a warning sign that crude oil demand remains robust and higher prices are on the horizon. Crude oil has corrected from the March high, but the medium-term trend since the April 2020 low remains higher, and products are screaming that new all-time highs are on the horizon. Markets reflect the economic and geopolitical landscapes. The highest inflation in over four decades, US energy policy, and the war in Europe are factors that will likely draw new upside chart points for crude oil over the coming months. $100 has become a pivot point The $100 per barrel level in NYMEX crude is a critical psychological level that has become a base price or pivot point for the energy commodity since February 2022. The above chart highlights that after NYMEX crude oil spiked to $130.50 per barrel in early March, the price corrected and settled into a trading range around the $100 per barrel level. The nearby futures contract probed below the pivot point in March, April, and May, but each attempt to correct attracted buying and pushed the price back above the psychological price level. On Friday, May 20, the July futures contract settled at the $110.00 per barrel level, with the trajectory favoring the upside. Product prices and crack spreads have soared- Consumers require products Crude oil is the input in oil products. Consumers are either direct or indirect buyers of gasoline and distillate fuels. The price action in the products suggests robust energy demand and supports higher crude oil prices. Crack spreads reflect the refining margin for processing petroleum into gasoline and distillates. On a quarterly basis, gasoline crack spreads rose to a new all-time high of $58.67 on May 16 and was above the $47.90 level on May 20. The heating oil crack spread reached $74.05 per barrel on May 3 and was at the $43.80 per barrel level on May 20, above the 2012 previous all-time high. Heating oil is a proxy for other distillates, including jet and diesel fuels. The elevated crack spreads tell us that the demand for oil products remains high even with crude oil above $110 per barrel. Demand supports higher oil prices in late May 2022. Russia and OPEC have little interest in helping the US and Europe After years of suffering from US shale production that pushed US output to a record 13.1 million barrels per day in March 2020, US energy policy did an about-face in January 2021. Addressing climate change under the Biden administration handed the petroleum market’s pricing power back to the international oil cartel and Russia. Since 2016, Russian influence on OPEC policy has dramatically increased. Saudi Arabia and Russia now control the energy commodity as the US has taken a backseat because of stricter regulations, fewer pipelines and leases, and less production incentives. Moreover, encouraging alternative and renewable fuel production and consumption has come at the cost of inhibiting traditional energy output. Meanwhile, oil and oil products continue to power the world, and the US, making the US and European allies more dependent on foreign sources. Warren Buffett once said that you find out who is swimming naked when the tide goes out. It is low tide in the oil market, as Saudi Aramco replaced Apple (AAPL) as the world’s most valuable company last week. Balancing Saudi Arabia’s budget requires crude oil at the $80 per barrel level. With Brent crude oil north of $110 per barrel, the world’s leading producer is experiencing a profit bonanza. While the US, Europe, and other allies have slapped Russia with sanctions after it invaded Ukraine, China, and India, the world’s most populous countries continue to purchase oil from Moscow, allowing revenues to flow to the aggressive Putin regime. The bottom line is Russia and Saudi Arabia is not predisposed to do any favors to the US, Europe, and other “unfriendly” countries in the current environment. The Biden administration has asked Saudi Arabia to increase its output, but the pleas have fallen on deaf ears in the Kingdom. SPR releases are symbolic- The selling will require future replacement President Biden has authorized crude oil sales from the US strategic stockpile. The latest release is for a record one million barrels per day. The US Strategic Petroleum Reserve is an emergency supply for times when shortages develop and for military purposes. Each barrel sold needs to eventually flow back into the caves that hold the petroleum. The more the US government sells, the more it will have to buy in the future. Meanwhile, SPR releases have historically done little to push oil prices lower. The oil price remains north of $110 per barrel despite the current sales. SPR shales may have symbolic political appeal, but they have little utility in the current environment. Selling crude oil from the SPR is not the answer to the current high energy prices; increasing drilling and production is the only effective means of pushing traditional energy prices lower. Meanwhile, there are no plans to ramp up US production to take the leadership baton from Saudi Arabia and Russia. On May 13, the Biden administration canceled an Alaskan oil and gas lease sale. Aside from ceding control of oil and gas prices to Moscow and Riyadh, the higher prices are potent fuel for US inflationary pressures that continue to rise. While the Us central bank has tools to deal with demand-side macroeconomic problems, the rising oil and gas prices are a supply-side factor that requires a solution, not in the central banker’s toolbox. However, the Washington DC administration has no plans or desire to address energy market dynamics by increasing US production. Inflation and OPEC+’s dominance will continue to rise. Moreover, the high oil prices are funding Russian aggression in Eastern Europe; the rising petroleum revenues support the war effort and the potential for further expansion. Crude oil is building cause for a move to a new all-time high The current targets for WTI and Brent futures are the early March $130.50 and $139.13 highs. Above those levels, the all-time 2008 peaks at $147.27, and $147.50 are critical technical resistance levels. Crude oil is consolidating and digesting the move to the highest prices since 2008. Bull markets rarely move in straight lines, and correction and consolidation periods are constructive and healthy. Crude oil is building cause for another bullish leg that could take prices to the $150 level or higher over the coming months. The Saudis and Russians will sit back and cheer as the price rises, Aramco’s market cap, and profits rise, and Russia fills its coffers with the spoils of its economic war with the US and Europe. Given the rise in refining margins, consumers are already paying record prices for oil products. We may be looking down at $5+ gasoline over the coming months and years. We remain bullish on crude oil, but the road to higher prices could be very volatile. Buying dips in crude oil and oil-related equities could be the optimal approach to the market for the rest of 2022 and beyond. Don’t get too comfortable with the $100 pivot price for crude oil. -- Trading advice given in this communication, if any, is based on information taken from trades and statistical services and other sources that we believe are reliable. The author does not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects the author’s good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice the author provides will result in profitable trades. There is risk of loss in all futures and options trading. Any investment involves substantial risks, including, but not limited to, pricing volatility, inadequate liquidity, and the potential complete loss of principal. This article does not in any way constitute an offer or solicitation of an offer to buy or sell any investment, security, or commodity discussed herein, or any security in any jurisdiction in which such an offer would be unlawful under the securities laws of such jurisdiction.
NYMEX:CL1!Long
by Andy_Hecht
1