NYSE:SLB closed above the area of value yesterday, it opened above this level. Yesterday's volume was above average. Note that it's CPI day today, anything is possible.
The Australian dollar has posted limited losses on Thursday. In the European session, AUD/USD is trading at 0.6822, down 0.17%. The Australian dollar rocketed higher on Wednesday, rising 1.6% and hitting a 3-week high. This followed reports that China was considering easing its ban on imports of Australian coal. The ban has been in place since 2020, but relations...
or this may be a 2B double top extension. (see Bitcoin Nov-2021 2B top, or see Gold-ounce double top from Ukraine tensions in Spring 2022) I think that the coal new paradigm pump is a sell the news event, energy supply tensions are easing and in the USA the domestic stress of a Rail Workers Union strike will be resolved within weeks. Strong Supply...
try and be patient with this one. Geopolitical headlines will move it fast in this thin volume topping structure. await a run up near 60 and then play for downside strong fundamentals: finviz.com Greenlight Capital also discussed CONSOL Energy Inc. (NYSE:CEIX) in its Q2 2021 investor letter. The fund said: “Thermal Coal and Natural Gas ESG investing is...
Will the market keep pushing lower as the pound falls precipitously or has the sweep of the recent swing low been enough to gather the buy orders. I wouldn't buy here, right now, but I would short a new low.
The exponential grow will eventually comes to a halt. With the ease in oil prices and possibility of FED pivoting, the smart money will pull out of this ticker and resume the other pumps. Soon or late the green guys will resume fighting coal again, when the dust settles! The recent peak has not brought RSI up with it, forming a clear bearish divergence between...
The Climate Change activism is over, Hard Energy Assets will return to power. Domestic Coal has a lot of upward expansion ahead of itself, Peabody is currently pushing numbers: 5 P/E and EPS close to $5 Mkt Cap Valuation is less than 4 billion, can easily run to 6 Peabody (NYSE: BTU) is a leading coal producer, providing essential products for the...
DXY deviated range high on lower timeframes. CPI data came out at 8.3% so seen the last flush (maybe ) into the doller. I think its topped short term and will cool off. But charts will lead the way here. If it cant reclaim the range High il look for long in BTC also for a short term trade.
After a sharp drop in August, Natural Gas futures is now sitting close to the long-term uptrend support which has marked key reversal points since June 2020. Our question is whether prices have fallen too fast and too soon? We question “too furious” when we look at the RSI which currently points to oversold levels. Hitting a low close to 24, the last time...
Thungela Resources ( $TGA ) This stock has been flying, so I think a cool down period can be expected. It's fighting to stay above support (R250-R280) - really needs to hold here, because if not, there is some downside pain to be expected. Those that missed the bus the first time, will most likely get another opportunity to buy again at lower levels....
JSE:TGA is approaching an area of value. The 200 MA is near R240/share, in case there's no support at this potential support level.
CEIX is leader in the coal industry. Trending. Look for entry points along the way. Tradingview has a nice feature to paste images so I will try it out. The image is a weekly view of the DOW JONES COAL industry. A weekly breakout from a pivot point exceeding the past 8 weeks. You don't need to know what's going to happen next to make money ~Mark Douglas Lose...
COAL INDIA stock is BULLISH NOW, maybe going to be multibagger in coming years, on monthly and weekly, it has given breakout, made enough consolidation and formed base. look for good time to entry as per your setup and criteria,,,
Tight orderly pullback. Pilot 10% of full position and scale in if it behaves properly. You don't need to know what's going to happen next to make money ~Mark Douglas Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
These are my quick plans on how i plan to trade BTC short term Option 1 is a break above the Mid range and hold I will long with stops below Mid and targets to range high and above, Option 2 is a break down and show signs of support at that Range low, if it holds i will look for entries to target mid and range high. Do i care which way it goes , NO, am i...
There is a bullish reversal in DJ US Coal Index . We can take entry if the trand breaks the resistance and aim targets indicated by the Cup pattern.
PDN Formed a nice macro Bull Flag that broke out and trapped a lot of traders as it turned out to be a fakeout. These Breakout traders have since puked their positions on the fake breakout. PDN then broke support and ranged under the OCT 2004 ATH. This looked like PDN was breaking down and about to go lower.. Exactly whaty a big Hedge fund would want you to think...
would like to see NVX come back and backtest the 2020 year high in blue,. I will be looking for a retest and reversal at this level. At present it may be another liquidity hunt of lower timeframes. Below and hold below 2020 year high and im not interested.