GAS
oil and the secondary wave of inflation.before you read any further read my post from may:
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in may of 2023 i called the top on oil and projected we come down into the $50-60 range. we ended up playing it out quite flawlessly. a lot of people were very angry at me for whatever reason back when i was calling for the top, probably due to their elevated levels of confidence and greed. those people got wiped out.
today, i bring to you a follow-up prediction, in line with my us10y prediction.
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i'm predicting that oil hits $181 per barrel over the next year, which will cause a secondary wave of inflation.
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oil w5 algo = $181
NWN key reversal point! Me gusta :D Notes on how I personally use my charts/NFA:
Each level L1-L3 and TP1-TP3 (Or S1-S3) has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic.
Just my personal way of using this. This is not intended or made to constitute any financial advice.
This is not intended or made to constitute any financial advice.
FED Macro Situation Consideration:
All TP's are drawn within the context of a return to FED neutral-easing policy. I do not expect these levels to be reached before tightening is over.
NOT INVESTMENT ADVICE
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NATURAL GAS accumulation idea realized since September 7We are currently hitting 50WMA and 200DMA.The price is located from the zone I set -78%(from this chart) from ATH. Of course if 1.7 is still in circulation.
All this requires the weekly candlestick to close above to receive one of the confirmations for further growth.
Of course if 1.7 is still in circulation.
Below you can see the analysis since September
GAS/USDT Bullish Potential from Demand Zone? 🚀GAS Analysis💎 Paradisers, it’s time to focus on #GASUSDT, which is currently showing an intriguing pattern in the market. Positioned in a demand zone, it is lining up for a possible bullish advance.
💎 Observing #GAS recent trend, it has been effectively navigating a descending channel and has recently broken above it. Presently, HOSE:GAS is undergoing a retest of the channel's resistance, poised for a bullish leap. Its current stance in the demand zone reinforces this bullish outlook, indicating strong market sentiment in favor of the bulls.
💎 However, in the unpredictable world of crypto trading, being prepared for various outcomes is key. If #GAS finds difficulty maintaining its level within the demand zone, a strategic shift may be necessary. This shift could involve preparing for a bullish resurgence from a lower support level at $6.680. Caution is advised, as falling below this support level could signal a shift towards a bearish trajectory. 🌴💰
GAS/USDT Broken Out of a Descending Channel | 👀🚀 What's Next?💎 Paradisers, direct your attention to GASUSDT as it approaches a pivotal stage in the market. The asset is signaling a potential upward break from its current descending channel pattern.
💎 Analyzing #GAS' market trend, it has been consistently moving within a descending channel. At present, GAS is nearing a test of its former resistance level, which now serves as a support at $6.86. There's a significant likelihood that GAS could utilize this level as a launching pad for a bullish trend, aiming towards the key supply level at $8.8.
💎 However, in the ever-evolving crypto market, #GAS traders must be prepared for various scenarios. If GAS does not maintain its bullish trajectory, a change in market direction could be imminent. Traders might then need to recalibrate their strategies, perhaps eyeing a bullish resurgence from a lower support level at $6.35.
💎 If GAS drops below this additional support level, a strategic reassessment would be crucial. This situation could suggest difficulties in sustaining the bullish trend, necessitating an adjustment in trading methods.
💎 Stay strategic and flexible, Paradisers. Your ParadiseTeam is dedicated to navigating you through these market changes, ensuring you're well-prepared for effective and informed trading decisions.
GAS/BTC - NEO GAS: Failure Swing◳◱ On the $GAS/ CRYPTOCAP:BTC chart, the Failure Swing pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.0001703 | 0.0001804 | 0.0001983 and support near 0.0001524 | 0.0001446 | 0.0001267. Entering trades at 0.000174 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: NEO GAS
▣ Rank: 129
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Hitbtc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: None
◰◲ Technical Metrics :
▣ Mrkt Price: 0.000174 ₿
▣ 24HVol: 16.678 ₿
▣ 24H Chng: 8.007%
▣ 7-Days Chng: 12.44%
▣ 1-Month Chng: -12.48%
▣ 3-Months Chng: 224.95%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.0001703 | 0.0001804 | 0.0001983
◢ Support: 0.0001524 | 0.0001446 | 0.0001267
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -5.17
▣ Last 90D: 2.99
▣ Last 1-Y: 1.48
▣ Last 3-Y: 0.95
◲◰ Volatility :
▣ Last 30D: 0.51
▣ Last 90D: 2.34
▣ Last 1-Y: 1.50
▣ Last 3-Y: 1.54
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.43 - Bearish
▣ Reddit sentiment score is 0.40 - Bearish
▣ In-depth GASBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
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NATGAS Bullish Breakout! Buy!
Hello,Traders!
NATGAS is going up now
And we are seeing a
Bullish breakout of the
Key horizontal level
Of 2.486 and the breakout
Is confirmed so I think
That we will see a further
Move up after the market opens
Buy!
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GAS:USDT : PERFECT LONG ENTRY : THIS GETS ME ON YOUR XMAS LIST!After the last spectacular run GAS had, it's hard to not keep an eye on it.
Not sure how soon this will start to move.
What I do know, is that you're unlikely to get a better entry for it than the current level.
Buy and hold until I update the targets.
FDX - BEARISH SCENARIO
FedEx reduced its yearly revenue forecast due to tough competition with UPS and other delivery rivals in a slow holiday season, causing its shares to drop nearly 8%. The company now expects a slight revenue decline instead of previously anticipated steady results. FedEx shares fell to $258.30 in after-hours trading from $280 at Tuesday's close. To protect profits, FedEx cut costs and gained business from UPS before the expiration of UPS's contract covering about 340,000 Teamsters-represented workers. UPS fought back by covering early termination fees for customers who switched to FedEx. Additionally, FedEx plans to buy back $1 billion of common stock in fiscal year 2024.
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NATURAL GAS Breakdown OpportunityHi!
NATGAS is pretty bearish, reading about a warm December, at least in the US, and overproduction. (reading headlines at naturalgasintel.com).
So, I'm expecting price to break down at the test of this trendline, which could be a good opportunity to SHORT on this one.
Have a great week ahead, and please comment if you have something good to add.
Best Regards,
ThomChris
🔝 US Gas prices become more affordable as key breakdown is hereAmericans could breathe a sigh of relief with gas prices set to be more affordable this year.
US gas prices hit their highest 52 Weeks in August and September ahead of Labor Day, with the national average standing at $3.82 a gallon FRED:GASREGW , per AAA Gas Prices .
Gasoline prices hit summertime levels in over a decade even as the driving season comes to a halt, as a result of rising crude-oil prices TVC:USOIL driven by production cuts.
Brent crude TVC:UKOIL , the international benchmark, jumped to $90 a barrel earlier is September for the first time in 2023 after both Saudi Arabia and Russia extended oil production cuts of 1.3 million barrels a day through December 2023 in a bid to maintain price stability.
Higher US gas prices NYMEX:RB1! are a problem for the Federal Reserve, which has been trying to tame historically high inflation. The central bank has already hiked interest rates ECONOMICS:USINTR by more than 500 basis points since March 2022, helping lower the pace of consumer-price increases to 3.2% in July from last year's highs above 9%.
But the jump in fuel prices is threatening to derail the progress the Fed has made in taming inflation.
As a result, just after September, 2023 FOMC meeting market participants are waiting one or maybe two dovish Fed's Rate price actions in 2024. At the same time before September, 2023 Federal Reserve meeting, market expectations were about three cuts, near to four. (up to 100 b.p.).
Meanwhile juts a take a look what technical picture in RBOB Gasoline futures RB1! price says.
Near the middle of August, 2023 Gasoline futures prices turned massively down, due to seasonal backwardation in RBOB futures contracts, where autumn RBOB futures contracts are usually to be trade lower vs. summer RBOB futures contracts.
Moreover, in the last day of Q3'23 RBOB futures price turned firmly lower, breaking down the major trendline support that was actual all the time from disinflationary Covid-19 era. Moreover weekly SMA(52) is broken down also.
In a conclusion, I have to say that retail gasoline prices are usually to follow the major trend, within one or up to two months.
NATURAL GAS BEARISH OUTLOOKThe recent surge of warm fronds impacting the United States, the largest consumer of natural gas, shows no signs of dissipating soon, exerting significant pressure on its market. This has led to a substantial decline in the price of the gas, plummeting for eight consecutive days from 2.841 to 2.375, marking a staggering drop of over 16%.
Technical indicators are not signaling an imminent reversal of this trend in the short term, as both the MACD and RSI exhibit robust Sell signals. Should the current trajectory persist, there's a possibility that the price could dip to support levels around 2.124.
A potential pivot point at 2.405 might be considered, potentially leading to a price rebound to 2.712.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NATGAS Long From Support! Buy!
Hello,Traders!
NATGAS fell down following
The collapse of oil but
Has now reached a horizontal
Support of 2.430$ from where
We are already seeing a
Bullish reaction so I think
That the price will go up
Buy!
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IMPP: Potential Bullish Consolidation In Certain ShipownersWith BDRY (The Baltic Dry Index ETF), finally going up, we may start to see more shipper stocks go up. We've already started to see an uptick in SB, GASS, TK, and TNK, now we might start to see some action across the entire sector.
I still would want to focus on those that are giving us at least a somewhat decent pattern, and IMPP in this case is both cheap and has potentially formed a Double Bottom with Bullish Divergence above the previous level of resistance. Given that it focuses on Oil and owns Ships, I think it can start rising with the Baltic Dry Index, especially if we get more demand for oil in the coming months.