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Weekly Chart on Natural Gas (NG) by ThinkingAntsOkUse this as a guide to develop your view of the situation. Main items we can see on the Weekly Chart: a) Take a look at the 2 previous descending trendlines (white) in the past b) Observe how in both of them the price broke the descending trendline and after that, a corrective movement came c) That corrective movement took about 3 to 5 weeks to be ready d) After that, the beginning of a huge bullish movement started again e) Currently, we think we are in the phase where the price is breaking the descending trendline, now we have to wait for more candlesticks to come before setting orders.
NYMEX:NG1!
by ThinkingAntsOk
$SR: $80 Short Target for Sell-offFirst off, please don't take anything I say seriously or as financial advice. That being said, this is on opinion basis (as always). Spire Inc. recently went down for a variety of reasons. One of those reasons I think is a result of resistance given lower demand for gas consumption in the coronavirus time period. That is why I am not bullish for the expected earnings call and think it may have an outlook for bearish potential. A quick turnover would be a buy and then sell at an $80 short target in order to mitigate risk. There are higher growth stocks to invest in.
NYSE:SRShort
by gamer456148
WTI Mid-Term Technical Analysis - Potential and Risk Here is a more in depth analysis of yesterday's published idea. WTI has appeared to have confirmed a new bottom with the EMI after closing repeatedly above bottom support (scripting thanks to @bonic) signaling a heavy buy signal on the weekly and monthly charts. We have to manage risk here. I have place a strong watch on the bottom uptrend support around 1.8 up to potentially 2.5 and so on. Stop loss should be used accordingly how low depending on how much you are willing to risk. Though that should be pretty clear if you stay up to date on analysis. immediate resistance but according to EMI appears likely to break through both 2.37-.39 and 2.55-6 resistance lines. If it fails to do so you may consider selling to play safe. Read the charts. bounce off long term support same bounce with a more current date range
NYSE:WTI
by CryptoStockCoin52
OIL = Investment of the year? OIL could be the best investment of the year right now. - Biggest intraday drop since 1985 - Lowest price since 1998 As soon as Corona will fade away, Airlines will recover and everyone will need oil again. Also expecting to OPEC deal to cut more until further notice when everything will end Buying now... Don't wanna regret later. STOP LOSS 3$ per Barell with 1:2 investment. Trade and invest on your own risk. Its not advice, but it can help someone open eyes. Enjoy
TVC:USOILLong
by ForexThief
3
Death of the Petrodollar System?FX_IDC:WTIWCU :Strong Sell The petrodollar is any U.S. dollar paid to oil-exporting countries in exchange for oil. The dollar is the preeminent global currency. As a result, all international transactions, including oil, are priced in dollars. Oil-exporting nations must receive dollars for their exports, not their own currency. In addition, most of them own their oil industries. That makes their national income dependent on the dollar's value. If it falls, so does their government's revenue. As a result, most of these oil exporters also peg their currencies to the dollar. That way, if the dollar’s value falls, so does the price of all their domestic goods and services. That helps these countries avoid wide swings in inflation or deflation. Petrodollar System The petrodollar system is tied to the history of the gold standard. After World War II, the United States held most of the world's supply of gold. It agreed to redeem any U.S. dollar for its value in gold if the other countries pegged their currencies to the dollar. Other countries signed onto this deal in the 1944 Bretton Woods conference. It established the U.S. dollar as the world's reserve currency. On February 14, 1945, President Franklin D. Roosevelt initiated the alliance with Saudi Arabia. Will the Dollar follow oil? Please see DXY - Analysis for more information FMW
FX_IDC:WTIWCUShort
by FibMarketWatch
4
Again Waiting Downside Trend Resistance 1.870 to 1.920 level.Last week Price hit multi-year Support level 1.580$ and bounce back from multi-year support, Currently price hit long term downside trend resistance. Next, some month now Demand of Gas VERY LOW as Summer period starts, we will see come next week Price go back 1.510$ support 🛑SUPPORT/RESISTANCE ✅S1= 1.725 ✅S2=1.510 ✴️R1=1.840 ✴️R2=1.920 Please like, share, comments and follow me to get daily base analysis Thank you for your support, I appreciate it.
OANDA:NATGASUSDShort
by Allmypips
2
The "Future of the Gas Station? (Latin America)The "Future of the Gas Station”? (“Christ the Redeemer of Oil?”) One of the most beautiful (UNBELIEVABLY beautiful) and largest “mega cities” in the world which is also named one of the New Seven Wonders of the World is (in) the city of Rio de Janeiro. Perhaps the only other mega-city “city” on Earth that can come close to matching the natural amazing cliffs and crazy “year round” beautiful beaches of Rio de Janeiro is “Hong Kong” (there are many secret cities around the world that are better then Rio de Janeiro or Hong Kong for example along the Perl River or along Southern China or maybe someplace else hidden on Earth?) However, many larger cities are much much more expensive (Rent in Hong Kong for example is about 600% higher then in Rio de Janeiro and food prices in Hong Kong are are about 200% higher maybe even more if you dont trust the numbers??) Interestingly perhaps the “largest ever” oil corruption and fraud charges in the ENTIRE HISTORY of “ALL” of Latin America was quite recently (and is still going on to this day at least from the Brazilian stock market BOVESPA index’s perspective??). This was a major lawsuit that started at some “Gas Station” outside of Rio de Janeiro Brazil and centered around one of the largest oil companies in the world. At least 11 different countries where involved in the lawsuit for "corruption indictments" (even the United Stated SEC made off with $10’s of millions of dollars (cold cash) from this case?), at least 18 different companies where involved and 400+ people (criminals) involved with many going to jail for anywhere between 10 to 30 years of jail time and by some estimates something like R$6.2 billion (USD$2.5 billion) (which is about equivalent to price of construction of 10+ off shore oil rigs?). Even the president of Brazil was sentences to jail for 9 years and went to jail for about one full year+? What makes Rio de Janeiro especially beautiful and “amazingly religious” is a 600+ “ton” statue of “Christ the Redeemer” shining with “hands stretched open” above the mega metropolis of 10+ million people. The statue of Christ above Rio de Janeiro is truly one of the most amazing religious concepts that any modern megacity on earth lives and works under. The statue of Christ is so big and so fundamental that two thousand years from now it might still be there… it is a 600 ton god statue?! Perhaps its more often then we realize in Europe and North America, but religion is and has a very important key to Latin America (and many other cities on Earth). However, for Rio de Janeiro “god (apparently) is the key”? The giant statue of Christ the Redeemer atop Corcovado mountain looking down at everyone happens be one of the most stunning and most “godly” and fundamental religiously famous landmarks of our Earth? It one of the “wonders of the world?” One of the interesting things about the oil industry is that there is a lot of “suspicion” that everyone involved “maybe” is making a “ton” of money. Many people suspect the oil executives of being a type of “cult club”. Its possible that the corruption charges against Petrobras are “very complex” and even “creatively created” by a mastermind who understood the legal system and that they might have to “go to jail” just to convict everyone of what they are doing wrong anyway. In a lot of ways the (socialist “working class”) president of Brazil learned a very very important legal lesson after spending one year in jail and “getting out” and being “set free” after even contacting the United Nations Human Right Commission. The corruption maybe was with the legal system itself.. the judges? and Petrobras maybe wanted to see the Judges go to jail in addition to the president? However, the president was “popular” especially with labor activists and was eventually set free. The president was convicted of “money laundering” and “passive corruption”, defined in Brazilian criminal law as the receipt of a bribe by a civil servant or government official. Lula was sentenced to nine years and six months in prison and only served about one year. However, the president learned a very very important lesson about “doing things legally correctly” and maybe will even run for president again? (see many articles of news on this topic) So how does the “oil mafia” really work? How do we know if there really is such a thing as a “oil” corruption (problem) and how does this all actually work and do people really go to jail and get “busted”? What about the police operations in Brazil did they want some of this “oil” money too?? What was this Brazilian “Operation Car Wash?” And most importantly what can we do about all this? (for everyone!?) Whats the suggestions for Petrobras’s Future and the future of “oil” in Latin America? In the oil industry and in “big-time” obese operations world there is a term called “downstream”. Some companies get so chubby that they essentially dont need any of there sales stores that they actually sell their products in… in the oil industry a lot of companies “don't need gas stations” anymore so they “spin off” what is called their “downstream assets” and basically the gas stations are no longer part of the company. This allows for some “corruption”? However, there is good and bad sides to this, it makes it easy to “own a McDonald’s or Petrobras Gas Station franchise” but difficult to do anything “differently” or create “unique competition” with the financiers (the people with all the money) or the people that gave you the money at the top get “lazy” and want even more money from the Gas Stations. The law is typically behind the “money” and not the people who own and run the businesses day to day. A lot of these people are not use to “dealing with the legal system”. However, what happened in Brazil’s Oil Business was that someone working at a “gas station” might have “purposely” tried to “go to jail” just to get Petrobras “media light and attention” and then the real problem was actually something more “fundamental” to franchising and just being “reasonable”. The problem “with” Petrobras actually has to do with something called “franchising” and how gas stations all over the world really work. Imagine two possibilities a world where “everything is run by big oil business” or a world where there is a lot of independent smaller business. The problem is we need both and both sides say we only need that side. However, what if the problem is with wealth is maybe something “gravitational” or “universal”? Is there fundamental problems with ALL of capitalism? In the Communist Manifesto written by a Eastern European named “Karl Marx” believed that capitalism contained the seeds of its own destruction. He described how the wealth of the bourgeoisie depended on the working people (just like the people who actually work at these Petrobras McDonald (only franchise) Gas Stations) ... Eventually the proletariat (gas station worker) would lead a revolution against the bourgeoisie (Petrobras). The final struggle would lead to the overthrow of capitalism itself. Because the businesses (got too obese and fat) (and the governments that regulate them too) would just get too big and too powerful. For more then a few hundred years capitalism has hidden behind democracy… but what if? What if there was something really wrong? With both communism and capitalism then what? (we will not discuss that here.. however, there maybe some new political revolution needed that isn’t socialism, or capitalism or communism)? The art of franchising and “gas station-ering” maybe needs a “global overhaul”… the secret maybe isn’t in “more franchising” but allowing “greater freedom” and allowing independent business owners essentially to start their own unique businesses. And when we leave earth that all will get even more complected (this is the “transport” industry?) There are many detailed videos on corruption and “operations carwash” and it may help to hear what others have to say about this problem of “franchising”. Part of the key to understanding both sides of “real corruption” to understand “both sides” and even look into helping both sides solve those problems. It maybe that both sides wanted good? Even the Brazilian military “discovered” the problem in the first place? The head of Brazil's army wanted the president “behind bars”? and the New York Times even claimed "Brazil’s democracy is now weaker than it has been since military rule ended".. however, maybe the truth was different? Hope this helps you! Asher :)
NYSE:PBR
by idasuperman
Channel The Gas!*DISCLAIMER*-This is WEEKLY Chart- Not advisable to trade without an proper analysis. Not my fault if you traded and made a loss. It is not like trading on M15 or H4, ONE Candlestick is actually 1 week so it is long term trade. I will explain how to better catch the trade at correct level with no risk. The Natural Gas is in Channel, there has been multiple bounces on inside of channel trends. Price is approaching to support since 29th February 2019 where price has made the lowest low. There are support level where the 1st buy will be if price doesn't make it all the way to channel trendline likely in most case it will come short and go up. Lots of wicks incites that price has breaking out moment so breakouts can occurs at any time. Look for candlestick patterns like 3 Advancing Soldiers or Hikkake Pattern for an proper buying confimation BUT... If price has broken the support, it will be likely to bounce off channel trendline with candlestick pattern like Hammer, Bullish Harami, Morning (Doji) Stars Patterns and Long Lower Shadow. Please Google those candlestick pattern so you know what to look for once price are near to the key level for you to buy and hold over the weeks holding until the target is reached of around 3.0 - 4.5. This is just an idea, i will be following this and updating the progress as week goes by.
OANDA:NATGASUSDLong
by UnknownUnicorn4090857
Strong Bearish towards back Multi Year support 1.510$ Last week Price hit multi-year Support level 1.510$ and bounce back from multi-year support, Currently price hit long term downside trend resistance. Next, some month now Demand of Gas VERY LOW as Summer period starts, we will see come next week Price go back 1.510$ support 🛑SUPPORT/RESISTANCE ✅S1= 1.725 ✅S2=1.510 ✴️R1=1.840 ✴️R2=1.920 Please like, share, comments and follow me to get daily base analysis Thank you for your support, I appreciate it.
OANDA:NATGASUSDShort
by Allmypips