Materials has just fired off and the next big sectors to look at are Energy and Utilities.
Here are the charts I am watching
- White is XEJ,
- Yellow is US Oil Price,
- Blue is Natural Gas, and
- Orange is the Coal Price.
Coal bottomed in January and has been on a progressive grind up for the past 8 months.
Gas bottomed in March and then put in a convincing HL in June.
Oil is being used as a political play for the Democrats heading into the election.
As soon as the elections are over, there is no longer a need to manipulate oil prices, also as the Northern Hemisphere starts winter the energy usage and costs begin to soar.
Everything works in cycles - The Energy cycle should start in November and run for 18-24 months.
That is when the Energy Sector will start to fire.
So its time to plan your Energy and Utility trades for November / December entries
Here are the charts I am watching
- White is XEJ,
- Yellow is US Oil Price,
- Blue is Natural Gas, and
- Orange is the Coal Price.
Coal bottomed in January and has been on a progressive grind up for the past 8 months.
Gas bottomed in March and then put in a convincing HL in June.
Oil is being used as a political play for the Democrats heading into the election.
As soon as the elections are over, there is no longer a need to manipulate oil prices, also as the Northern Hemisphere starts winter the energy usage and costs begin to soar.
Everything works in cycles - The Energy cycle should start in November and run for 18-24 months.
That is when the Energy Sector will start to fire.
So its time to plan your Energy and Utility trades for November / December entries
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.