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GAS

NATGAS - Has it stopped? Let's see how NATGAS is behaving. This is a 1D chart. (Long Term) Any news on how the US will get a new connection as a replacement of Russia can affect the prices and cause significant changes. However, while nothing special is going on and the market is on its sideway moves, these three levels are the key areas for now. Fib Retracement levels show two support areas and two resistance areas on the way up. Right now, the price is sitting on local support. Support levels: $3.85 - $4.52 Resistance Area: $5.17 Bollinger Bands can work as support and resistance too. Here is an example: The resistance level pushes down on value, and two support levels hold the price high and show strength. The higher band can work as resistance. The Middle Bollinger Band can push down the value, and the Lower band pushes the price up. If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point. The RSI shows that NATGAS is above the 50 levels, the center. If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings: Current Market Price: $4.66 Let me know your ideas. Good luck.
SKILLING:NATGAS
by ShawnMCR
1
Will 1929 Repeat?Will history repeat ? The bar pattern overlapped shows a really interesting view on the market structure compared to 1929. Things are looking very much the same 100 years later. Price hit the 3.618 Fib extension in 1929 and crashed shortly after with the tension of war at the time, you had the Sino-Soviet conflict with Russia and china in 1929. 100 years later we seem to be having the same world circumstances where there is war with Russia involved and we have also hit the 3.618 extension not only that we have also hit this 100 year resistance line that has caused massive muti year pullbacks whenever hit. I have been following six month RSI bearish divergence for a while now and it now seems with have broken down from this triangle we were in , take a look below. Zoomed in picture of the bar pattern It is possible we have one more upthrust to the 4.618 before a big crash this can take 1 year to play out. Human nature is cyclical we tend to repeat behavior and you can see that in the charts .
TVC:DJIShort
by Sporia
7
XLE SHORT $50 chart gap at $50 and gap at $42 are the first things to notice. However, there is support going down so it's not like we should expect those prices quickly, but it's good to take note as trends start to break. support (blue lines) heading down priced. I do think we hit a top right around $78-$76, and will return to around $72-$74 after it drops a bit before seeing another sell off. I'd start looking for entry on the confirmation. I could see this settling around $50 (see green trends.
AMEX:XLEShort
by nicktussing77
Wait with your new energy contractsGas prices are at an all-time high, in the warmest winter in the Netherlands i can remember, the impact on every day life is starting to become problematic for lots of people, especially the ones that need to renew their energy contracts now. Stay where you are with variable rates. This huge support is about to break on every time frame, if we are lucky we can renew our contracts in May with a price of 0.30ct and a duration of 3 years.
NYMEX:TTF1!
by thedutchgopher
2
PXJ LONGAMEX:PXJ The Invesco Dynamic Oil & Gas Services ETF (Fund) is based on the Dynamic Oil Services Intellidex℠ Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Index is composed of stocks of 30 U.S. companies that assist in the production, processing and distribution of oil and gas. The Index may include companies that are engaged in the drilling of oil and gas wells; manufacturing oil and gas field machinery and equipment; or providing services to the oil and gas industry, such as well analysis, platform and pipeline engineering and construction, logistics and transportation services, oil and gas well emergency management and geophysical data acquisition and processing. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.
AMEX:PXJLong
by quantumseed
1
$XOPCup waiting to form handle. With that said I would look for upside to this gas & oil etf until April/May then we should see a dip into the handle into the summer. So in my opinion gas & oil prices rise until the summer and drop until August if this pattern holds true. CHART LEGEND: white dashed lines = bull/bear takeovers blue lines = call targets yellow lines = put targets red line = danger zone orange lines = trend lines green lines = safe zone any other lines add will be discussed with the ticker AMEX:XOP
AMEX:XOPLong
by Riskitpaid
Europe Looks Beyond Russia for Natural Gas. LNGIt takes a brave investor to bet on the outcome of Vladimir Putin’s saber rattling around his neighbor Ukraine. One result of the Ukraine crisis seems more predictable: The European Union will look to cut its dependence on Russian natural gas, which currently accounts for 40% of consumption. Companies from Norway to Texas might benefit. The simplest way to replace Russian flows, if you were sitting over a game of Risk on a rainy afternoon, would be U.S. liquefied natural gas. America has more gas in the ground than it can use domestically. LNG output jumped 42% year on year in the first half of 2021. It could climb another 80% over the next five years, says Randy Giveans, head of energy maritime equity research at Jefferies. Top producer Cheniere Energy LNG+0.12% is earning $100 million on every shipload right now, Giveans estimates. Its stock has risen by two-thirds over the past year. The first position was bought last Friday at 116$. Long-term deal.
LLong
by MaksymKonstantynov
2
Oil Weekly OverviewHello Traders, For the commodities, I generally look at price action starting from high time intervals to low. To follow energy commodities, WTI always comes first for me. My analysis about commodities is not only technical but also fundamental. After the lockdowns Oil demand indeed accelerated and that directly affected Oil price. In the mean time US used its national reserves to set the price in a level but that wasn't really successful. Palliative actions does not create stable solutions. Hard winter for Northern Hemisphere increased the demand of energy commodities. And other aspect that effects Oil price is politics. Russia is a major player in the field and as a playmaker role, Russia can directly effect prices. Europe needs Russian natural gas so bad and Russia is decisive about its pipeline because they don't want to pay commission to Ukraine while sending gas to Europe by North Stream. That's why they built North Stream 2 which sends Russian gas directly to Europe. BUT US does not want Russia send gas through North Stream 2 without Ukraine to be paid. Meanwhile US supported Europe by sending tens of LNS vessels which also increased Henry Hub gas prices. With all that conflicts, US wants energy prices lower because of inflation, Russia wants to send gas through NorthStream 2 Europe need cheap gas bla bla.. The most important aspect is that, USD is not valuable enough for the world right now comparing to the commodities, metals, energy, housings, for each item that people need to have. and that means inflation... Thanks and have a nice weekend.
OANDA:WTICOUSD
by gorkemaydogan