Every time the price of oil goes up, there's a group of bulls that are sure they're catching the train to $150. I mean, I do think oil will go to $150, and there has to be a bottom that comes first, so there's that. But with fossil fuels and energy producers it seems the pumps are rare, the consolidations are frequent, and the dumps are more common. In two...
This post is a continuation of a previous post, which is based on a longer-term analysis: Natural Gas / NG - What, Truly, Is a Bull? With Wednesday-Friday and Monday morning's long-awaited dump into the fabled double bottom around $7.4, natural gas can only be considered to have formally shifted into a bearish market structure, based on both the 4H and...
As shown, majority of energy stocks are starting to correct. Looking into the future, we believe these companies will provide amazing opportunities. We expect barrels of oil to reach $300-400 a barrel by the end of the decade. Recommend tracking this sector very closely for amazing opportunities.
Today we look at oil approaching restance and potention support levels
SU has been held in a range over the last month between 35.77 & 38.62 levels. I expect a move to the downside, breaking the low of the range to entice short selling before repricing higher with an upside objective to 46.50 level.
With the rising wedge and decrease in volume, I think we can see a nice down move here in the coming months. Happy Swinging, Stefan
Entering if price cross 200MA Bullish divergence on the RSI Bouncing of support level Macd Cross Current macro economics situation is in my opinion bullish for oil
NEW POSITION $SU Target 26.22 for 46.27% Next add level at 16.29 ----- — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. ONLY ADD at support levels & FIB levels… labeled I start every position with .5 - 1% of my account and build from there as needed and as...
650M of the total shares of 1.5B is already on the short side. The company will continue with his shares buyback program : Suncor Energy shares outstanding for the quarter ending September 30, 2020 were 1.525B, a 1.87% decline year-over-year. Suncor Energy 2019 shares outstanding were 1.561B, a 4.17% decline from 2018. Suncor Energy 2018 shares...
Crude oil said to rise to 65$ by the end of summer according to bloomberg analysts. Suncor Energy $SU taking off price target 30-40$. Warren Buffett currently owns this stock. Also check out ticker $XEG.CA for canadian energy oil gas etf.
Suncor has been another fantastic play since the 15$ entry. Now entering a new zone a bit high on the RSI's. Stock is still undervalued. Looking for a strong push from here to next fib line so RSI can reset down before another two waves up. Stop Loss in case of breakdown, although unlikely.
SU (Suncor Energy) Suncor setting up nicely for a long move.
Seems like completed a wave (1) within wave ③ I'm new to Elliot Waves, any constructive criticism greatly appreciated.
I will open Buy if the price will cross the Support/Resistance Zone. It's resisted today but, the trend is bullish and we should follow it. I don't recommend opening Buy here because the price can stay here for some time and accumulate its power to break the Zone. Dear followers, the best "Thank you" will be your likes and comments! Before to trade my ideas make...
In true mnovo ramblings. I run out of time talking about this stock. We cover falling knives bad entry vs better options. Having patience. Trading rules. And maybe a little management I would do. All this but would I buy it? I do end up telling you. Enjoy and trade safe. M~