GAS
Natural Gas (NATGASUSD): Continuation Within Channel!
NATGAS is entering a strong zone of support.
from there we will expect a bullish continuation to 1.945 / 2.03 levels!
Natural Gas Falls After Release of Storage Data Build of 109bcf- Despite Natural Gas’s recent surge in pricing, prices have retraced to the later part of the session as we witnessed the weekly storage data release.
- This week’s data has shown a 109 billion cubic feet gain in storage within the nation which is seen as one of its largest builds in storage year to date.
LONG: EXXON MOBIL CORP. (Petroleum, Oil, Gas)• Ref. the effects of COVID-19 and the OPEC (& Russian) trade disputes fuling the fall of Oil prices.
• The FIA halting all motorsport events until JUL 2020 (Austrian Grand Prix).
• EXXON MOBIL have a sponsorship deal with Aston Martin Red Bull Racing (Formula1 team)
~ Aston Martin Lagonda Global Holdings plc. IPO in Feb 2019
• After the effects covid start to leave the spotlight, we may see the price of petroleum rise and companies such as XOM begin to operate at higher capacities.
LONG TERM TRADE -- Optimum target: ~ March/April 2021
Occidental Petroleum CorporationOccidental Petroleum Corporation very good opportunity as for a long term investment.
Faith In The Bottom (ZN)Post #3 on Zion Oil & Gas for the month.
19 cents was entry.
We got a potential double bottom as we shifted to the side after breakout.
Really would love to see it spike to 41 cents and test both downward and horizontal Resistance.
CPE - Hedged Oil Company positioned to breakoutCallon Petroleum Company is an oil bounce play.
I am normally very against this but am short term bullish on this and NAT (tanker company) as far as oil is concerned.
The setup is as follows: They have uniquely hedged themselves with oil swap contracts valued $50+ per barrel. Someone deserves a bonus. This is the highest valued swaps I have heard of recently.
I'd be surprised if this thing doesn't fill the gaps up to $2 before the ER on 5/27.
Hopefully more chances below 0.80 to buy.
Bottom Here or $1.45 (GE)This one could get fun.
General Electric Company is a global digital industrial company. The Company's products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products.
Strong Bearish downside Target 200-33 points weekly BASE#NG Gas
Last some week Pirce sideways and fake break, Currently price hit long term downside trend resistance.
Next, some month now Demand of Gas VERY LOW as Summer period starts, we will see come next week Price go back 1.510$ support
🛑SUPPORT/RESISTANCE
✅S1= 1.725
✅S2=1.510
✴️R1=1.840
✴️R2=1.920
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Prediction for May 2020- Brent Crude Oil.Prediction never will be 100% always spot on. Always have backup plans if things don't happen as predicted. Level 28 seems to be the determinant, whether it will go up or down. This is for short term view. Long term view ( 1year): buy.
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.
$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 $80 short target in order to mitigate risk. There are higher growth stocks to invest in.
Natural Gas Storage Sees Build of 70bcf for Week Past- Today has seen the release of this week Natural Gas Storage numbers within the United States
- This weeks numbers shown a further build 70bcf for Week Past slightly lower than analysts forecasts
WTI Mid-Term Technical Analysis - Potential and Risk Here is a more in depth analysis of yesterday's published idea. WTI has appeared to have confirmed a new bottom with the EMI after closing repeatedly above bottom support (scripting thanks to @bonic) signaling a heavy buy signal on the weekly and monthly charts. We have to manage risk here. I have place a strong watch on the bottom uptrend support around 1.8 up to potentially 2.5 and so on. Stop loss should be used accordingly how low depending on how much you are willing to risk. Though that should be pretty clear if you stay up to date on analysis. immediate resistance but according to EMI appears likely to break through both 2.37-.39 and 2.55-6 resistance lines. If it fails to do so you may consider selling to play safe. Read the charts.
bounce off long term support
same bounce with a more current date range
Zion Ready For Flyin? (ZN)Zion oil and gas.
Penny stock.
I reviewed this one on april 1st.
Said it was a good buy around 19 cents and is currently up to 25 cents!
Looks as we setup the double bottom on the breakout retest.
I see lots of green, I hope she can get that fuel to run it up.
Best of luck to those that were watching this one with me.
Get that money!
OIL = Investment of the year? OIL could be the best investment of the year right now.
- Biggest intraday drop since 1985
- Lowest price since 1998
As soon as Corona will fade away, Airlines will recover and everyone will need oil again.
Also expecting to OPEC deal to cut more until further notice when everything will end
Buying now... Don't wanna regret later.
STOP LOSS 3$ per Barell with 1:2 investment.
Trade and invest on your own risk. Its not advice, but it can help someone open eyes. Enjoy
wheat, gas, AUDJPY, breakdowns on them all looking really clean little breakdown on a few pairs in the title and there's some good selling and buying opportunities across the board i hope you enjoy and let me know what you think as well have a great weekend :)
God Bless The Oil Industry. (CVX)50 year parallel channel shattered. It took 50 years to get there, how many will it take to come down?
Be patient. Give it some time to breathe.
Natural Gas Storage Data Shows Build of 43bcf For the Week- This week has seen the Natural Gas Storage Data post a build of 43bcf for the week.
- This is slightly lower than last weeks numbers, however, is still recorded as a build for the week.
- This is now the 3rd consecutive build we have seen
gas if could stand above 1.97 then should be a good buy need wait gas stable above 1.97 than should be a good buy
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
