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Will importers cave into Putin’s gas for Rubles demand?In what is widely seen as an attempt to circumvent Western sanctions and prop up the Russian ruble, Russian President Vladimir Putin recently required “unfriendly” buyers of the country’s natural gas to pay in rubles, a move that could have far-reaching implications on global oil and energy supply. "I have decided to implement a set of measures to transfer payment for our gas supplies to unfriendly countries into Russian rubles,” news outlets quoted Putin as saying in a government meeting last week, adding that Russia would turn down payments for natural-gas supplies in currencies “that have compromised themselves,” including dollars and euros. Putin has given the Russian central bank and gas suppliers like Gazprom, Rosneft and Lukoil a week to implement the change. Why is Putin pushing for ruble payments? Russia’s decision came as the country’s oil trade has been left in disarray as importers put orders on hold amid a wide condemnation of the Kremlin’s attacks on Ukraine. Since the war broke out over a month ago, concerns of a global energy crisis intensified, sending pump prices skyrocketing to record highs and fanning global inflation fears. Economic sanctions imposed by the US and its Western allies have also caused the Russian ruble to fall to record lows in the early weeks since the war started, further weakening the Russian economy. Putin’s latest move sent the ruble to its strongest in nearly a month against the US dollar last week, although it was still down ~25% this year as of Monday, March 28, at ~106 against the dollar. Will importers cave in? Russia supplies nearly 40% of the European Union’s natural gas and over 25% of the region’s crude oil. Although the global oil cartel known as the Organization of Petroleum Exporting Countries (OPEC) and other non-OPEC oil-exporting nations played down concerns of a global oil shortage as the war drags on, many industry players fear a potential demand destruction that could cause oil demand to peak and fall when pump prices become too expensive. To reinstate the balance in oil supply and demand especially during wintertime in Europe, EU-based importers of Russian oil could then choose to yield to Putin’s demands and pay in rubles. However, EU leaders, shortly after Putin’s announcement, stood firm and rejected the Kremlin’s demands, with Slovenia Prime Minister Janez Jansa saying “nobody will pay in rubles,” Bloomberg News reported. The message was backed by leaders of Ireland, Italy, Croatia, and Germany, among others, ahead of a summit meeting in Brussels. The leaders stressed that Putin’s demand would be in violation of their existing contracts. Adding to Putin’s woes is US President Joe Biden’s pledge to deliver 15 billion cubic meters of liquified natural gas to Europe this year on top of the shipments that are already on their way to Europe. The probability of EU importers caving into Russia’s demands are also looking less likely as the EU steps up its efforts to discontinue buying Russian gas before 2030. Faster transition to renewable energy sources Instead of a far-reaching energy crisis that many fear could come out of the Russia-Ukraine war, sanctions against Russia and the Kremlin’s countersanctions could accelerate the transition to renewable energy sources. Europe could speed up the construction of LNG terminals across the continent to store LNG deliveries from allies including the US. Agora Energiewende, a German think-tank, suggests a 32% reduction in Europe’s gas consumption by 2027 if the continent slashes its use of fossil fuels and transition to wind and solar energy in the next five years. This measure could save the EU between 127 billion euros and 318 billion euros on gas imports, the think-tank said. Scaling up renewable energy in the EU could allow the continent to avoid 80% of today’s Russian gas imports by 2027, Agora Energiewende added.
by BlackBull_Markets
NFG to cool off on NATO news?Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on March 25, 2022 with a closing price of 68.04. If this instance is successful, that means the stock should decline to at least 67.47 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 2.05% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 3.298% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 4.552% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 50 trading bars after the signal. A 0.4% decline must occur over the next 50 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 15 trading bars; half occur within 26 trading bars, and one-quarter require at least 44 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
NYSE:NFGShort
by StockSignaler
LONG TERM Dividends TA on ENB?Technical Analysis $ENB for a friend looking to add $ENB as a long-term investment ENBRIDGE has been making gains and is a great Low P/E High Value Dividend Investment here is a TA that brings us into 2026 $ENB Is no doubt a safe long-term investment no matter the price but that being said in this current GeoPolitical new world ENBridge could also show some growth potential that could send this stock price into a much higher tier with not much downside risk
TSX:ENBLong
by bmoneytree
1
Civintas $CIVI, innovation is not always creating thingsCivintas Resources Inc. is in the Oil & Gas Sector, centered in the Exploration and Production Industry. It should benefit from the current uptrend of oil prices NYMEX:CL1! . I mentioned innovation because the company is set to "clean up dozens of wells orphaned by others". The state of Colorado has granted this new startegy for NYSE:CIVI to "work hand in hand with landowners and local communities to restore former well sites". This may because of their strategy to protect Colorado’s groundwater resources. They perform Horizontal Drilling but before, they install multiple layers of cement and steel casing and then performs pressure tests on the well casings. This is a good story funds might see to buy this stock. Today the price emerge with a strong breakout from a flat base. The base has a 11.48 points of height, TA rules state that the target price after the breakout is to add that up the base, that is at $70.63. The breakout from today has a gain of 7%, that is far from the pivot so I won't chase it. Also the volume isn't that great. So, as I didn't buy yesterday, I'll wait for a throwback to the previous resistance line and buy there. If it doesn't happens, I'll wait for another opportunity.
NYSE:CIVILong
by dpuleo19
$TSLA whos giving out this much return on investment? 👁‍🗨*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: My team entered electric vehicle company Tesla $TSLA on March 9, 2022, at $800 per share. Our first take profit was set at $975 but we were able to sell our shares today at $992 per share for a gain of 24%! Our trade initially brushed a tight stop-loss we had at $775 but we talked it over and decided to hold onto our shares. We strive to promote an investing style that is profitable, but most importantly safe to use. Please understand that this isn't a healthy trading habit to have, and that going forward we will try and make sure that it doesn't happen again. Congrats to those of you who took this trade! Entry: $800 Take Profit (HIT): $992 If you would like to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:TSLA
by SimplyShowMeTheMoney
6
Crucial Moment For Oil I never post here but I really wanted to give this notice to as many ppl as possible. Forget the conflict no one knows how that will end. OPEC is still very tight with supply staying on pace with supply increases in the face of $130-$90 barrel oil. We aren't seeing much action in terms of increases in supply in the US either. Iran oil also seems to be off the table. All of this tells me we should hold this trend line and close around $99 today, but the chart is saying otherwise atm. If we close above $99 I believe we see a significant move higher to at least past resistance around $120. If we close below $99 today we could see a drop down to $80. Oil has traded in this channel for almost 2 years before the russian-ukraine war, making a move below or a confirmation of support very significant.
FX:USOILLong
by Value-Invest
1
Natural Gases Futures (NG!), H4 Potential for dip!Type: Bearish drop Resistance : 372 Pivot: 363.9 Support : 332 Preferred case: We see the potential for a further bearish drop from our Pivot at 363.9 in line swing high resistance towards our 1st support at 332 in line with 127.2% Fibonacci projection and 61.8% Fibonacci retracement. Our bearish bias is further supported prices trading below our ichimoku clouds. Alternative scenario: If prices were to reverse, they can potentially climb towards our 1st resistance at 372 which is in line with 100% Fibonacci projection Fundamentals: Warmer weather conditions and renewable energy sources might mean temporary setback on the commodities
MCX:NATURALGAS1!Short
by Genesiv
FLEX LNG short term position According to with last tensions between Rus and Ukraine US gas supply will be provided by sea passage. Flex LNG Ltd., through its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. As of March 15, 2021, it owned and operated nine M-type electronically controlled gas injection LNG carriers; and three generation X dual fuel LNG carriers. It also provides chartering and management services. Position till date of dividends or level 24.50$
NYSE:FLNGLong
by MaksymKonstantynov
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