GAS
NG1 - Natural Gas.NG1 - Natural Gas
We've been in range while, patience is key with this one
Technical aspects - Brewing up nicely!
Support: 2.400, 2.275, 2.040
Resistance: 2.945, 3.070, 3.375
Pattern: Wedge / Double Bottom
A break to either direction and a pull back to the trendlines either direction of break trade to be taken. (once confirmed)
Trade Journal
(Just a trade Idea, not a recommendation)
Nat.GAS has hit it's resistanceNat.GAS has hit it's strong resistance; and formed sort of H&S pattern; it's almost may so might be a good 1 to 10 risk reward.
Volume is decreased during last period that's also another indicator.
As ATR is pretty low, no need to risk more than 1% I think.
Not a financial advice, just sharing my thoughts.
Namaste
NATURAL GAS SHORT SETUPWith over supply, demand going down i believe a rising wedge is being built into formation. You could see that it already broke the upper trend line which would be a signal for a downfall quite soon. Also, even though trend is up, you could see bulls were not really in control with huge resistance and brute force for every push up.
It’s only a matter of time before we go back to 2.5 then maybe a retrace up of the 200 Daily EMA before we see 2.0-2.25 levels again this summer.
Safe trading, this is my own view and not any financial advise.
BP p.l.c. (NYSE: $BP) Could Double, Triple OR More 📈BP p.l.c. engages in the energy business worldwide. It operates through Gas & Low Carbon Energy, Oil Production & Operations, Customers & Products, and Rosneft segments. It produces and trades in natural gas; offers biofuels; operates onshore and offshore wind power, and solar power generating facilities; and provides de-carbonization solutions and services, such as hydrogen, and carbon capture, usage and storage. The company is also involved in the convenience and mobility business, which manages the sale of fuels to wholesale and retail customers, convenience products, aviation fuels, and Castrol lubricants; and refining, supply, and trading of oil products, as well as operation of electric vehicle charging facilities. In addition, it produces and refines oil and gas; and invests in upstream, downstream, and alternative energy companies, as well as in advanced mobility, bio and low carbon products, carbon management, digital transformation, and power and storage areas. BP p.l.c. was founded in 1908 and is headquartered in London, the United Kingdom.
Natural gas weekly levelsMagic Lines:
All supports are not for buy level. As like all resistance are not for sell levels
After long research and back testing we find which S&R is for sell level & which S&R is buy level.
In that result we give the pure intraday levels in charts.
BLUE LINE ARE BUY LEVELS
ORANGE LINES ARE SELL LEVELS
IF OPENING 15MIN CANDLE TOUCH BLUE LINE GO FOR LONG/ IF OPEING 15 MIN CANDLE TOUCH ORANGE LING GO FOR SHORT.
There are 10 different pattern for getting entry in market with this line if anyone interested please command below ...
GASUSD PT $26, BULL PENNANT BREAK WITH RETESTGASUSD has been consolidating hard since its short term highs on Feb 30th. We can see a clear trrend continuation with the break of this bull pennant. With highs an opening range of $17.70 and $7.31, we can take the measured move of the pennant and see our PT of roughly $24-$26.
Here we can see the volume increase on breakout, another confirmation signal of a real break of this pennant.
Buru Energy to 26.5c by April 18th.Looking at the 5yr the move up is literally just a matter of time. The near term activity and F.A support this. Oil looks to be correcting in the short term before retesting $70 / Barrel.
Cup and handle played out over 5 years. Looks pretty good to me. Has been sitting unloved for 12 months time to wake up and shake off some cobwebs with a new farm-out partner and a full schedule that could unlock billions in value, wet weather could put a dampner on things and its always a gamble with oil and gas.
$BRU #oil #gas
ValeroLast time price got close to the gap zone, it fell away quickly.
This time, price can't be pushed away. If we chew up all the sell orders before running out of bullish momentum we should break right through the gap zone.
The energy sector has been strong and should help pull it up. See the strong correlation to oil prices at the bottom of the chart.
CDEV Just Keeps Surging Even In A Sell-Off"In its Q4 report posted a week or so ago, the company managed to increase its liquidity to $340 million from $297 million in the previous year. Given that CDEV stock is heavily tied to the energy industry, it is also undoubtedly correlated to the pandemic. Because the pandemic has resulted in a massive dive in energy consumption, Centennial has had to work hard to stay on top. But with vaccine distribution reaching new highs every day, the hopes are that travel could resume soon. If this occurs, demand for oil and gas could rise, leading to more interest in companies like CDEV."
Quote Source: pennystocks.com
Ethereum Looking Flaccid...Ethereum caught a lift and is tracking Bitcoin's breakout, however it does not seem to have quite the steam that bitcoin does. We are currently in the middle of a vacuum zone but appear to be facing some difficulties with the $1600 handle. The Kovach OBV is pretty flat, so ETH may range here. We will have support from $1547 and $1424 if we see retracement. We are not as bullish of ETH as we used to be since high GAS fees are turning off a lot of people lately.
Price to Earnings at 6.2 I still love GPP Green Plains PartnersIn a crazy world of investing in stocks with PE around 1000, or even nonexistent dividends, I certainly love me a good ole gas transportation company with PE in single digits. I know, I know, green new deal yada yada. Well Keystone XL pipeline permit pulled could possibly mean more business for GPP. They have been recovering consistently since the covid crash, and recently issued convertible notes redeemable in the future between $23 and $30 signals confidence. In the worst case I'm looking for this to remain steadily boring with one of the best PE available.
I bought the IPO and have been receiving dividends every quarter since. I feel all alone on this beautiful mountain.