This is a play on oil. If bearish oil, buy RUSS.
Buy buy buy.
charts shows intraday accumulation, bullish volume spikes and a price breakout above a bullish base with rounded bottom.
Seeing some size come into Tetra Tech, an oil and gas name. Recent upgrade. Chart shows bullish trend developing.
Nice quad-bottom in $LNG off the $32 support base. This should make a run back up to test the $38 R-line.
Strong run off the February lows for SM Energy (SM).
Shares of insurance group Radian have a lid on them in the 12.40 to 12.55 range. But pressure is building with positive volume balance and pattern.
With natural gas rising, LNG looks like a viable swing trade on the pending upside breakout of the cup&handle pattern. The pattern targets the $50 to $52 area for a low-risk trade with a stop under 34.
Breakout is pending on this perfectly formed IH&S pattern which targets the $38/$40 area.
There is a massive battle going on between the bulls and the bears over the $6.00 level. Supply has hit rallies hard but volume analysis suggests this time that level will give way to higher ground.
Shares of 3x Bull Natural Gas Related Equities ETF is trading just above a symmetrical triangle on above average volume following 3-months of sideways consolidation at the lows.
Daily chart with trendlines, OBV and RSI