Get started

Energies

Nov. Crude Oil... OPEC+ meeting on the 5thNext week on the 5th of Sept. OPEC+ will have a meeting to talk all things oil. I am thinking they will pull back on production due to the massive decline in oil prices this week. (11.5% on Nov. Crude). With lower production, brings lower supply, lower supply brings higher demand! That being sad, I am looking to get long today or next week. On the chart I am looking for a swing failure of yesterdays lows into the red horizontal area. I will scale in as the price enters this zone and double down at the bottom of the zone. There is a lot of confluence at the bottom of that area. Along with all of that I see a bullish divergence forming right now that would also aid in a nice rally here. My take profit targets are signified by wave 1, 3, and 5. This trade has a 75-85% chance of playing out to at least the top of wave 1, I plan to take 25% of my position off there and leave the rest for other targets. Move stop loss into profit. Please leave a comment below on what you think and if you have an opposing idea! Goodluck
NYMEX:CLX2022Long
by farmtrader15
UNRANIUM READY TO 55.0 - CTSI can belive this Is uranium ready for 549$ dollars? Unbelievable This analysis is designed to provide information that CTS believes to be accurate on the subject matter, but is shared with the understanding that the author is NOT offering individualized advice tailored to any specific portfolio or the particular needs of any individual. The author of the analysis specifically disclaims any responsibility for any personal or other loss or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this analysis.
AMEX:URALong
by CaliforniaTS
CRUDE OIL – Futures: Buying Within The Range Of Pin Bar Signal CRUDE OIL – Futures: Buying Within The Range Of Pin Bar Signal  Price Action: Price moved slightly higher from the Bullish Pin Bar Signal that had formed late last week (We suggested trading this signal in the May 20th, daily newsletter). Price moved higher from the recent Bullish Pin Bar Signal that had formed over a week ago (We did not consider trading this signal). Price moved higher from within the range of the recent Bullish Tailed Bar Signal that had formed just above the $95.43 short-term support level around four weeks ago (We suggested trading the pullback to this signal in the May 1st, weekly newsletter and hopefully some traders got on board). Potential Trade Idea 1: For more aggressive traders, we are considering buying on a retracement lower to within the range of the prior Bullish Pin Bar Signal that had formed last Thursday, May 19th. Potential Trade Idea 2: We are considering buying on a retracement lower whilst price remains above the recent Bullish Tailed Bar Signal that had formed just above the $95.43 short-term support level.
TVC:USOILLong
by UnknownUnicorn393254
USDWTI H4 - Short SetupUSDWTI H4 We spoke and covered this during yesterdays webinar and also the technical rundown which we have just posted. A range breakout to the downside on two occasions here. Lower lows and lower highs have both been set. Really looking for a daily correction, a nice healthy correction to see WTI test maybe $70-72/b. Demand still high, but WTI corrections are often very volatile and impulsive. Lets see what this week brings. I'd love to see this unfold.
FX_IDC:USDWTIShort
by Trade_Simple_FX
Another Move Higher for Brent Crude Oil, Towards 89.25Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The commodity Brent Crude Oil (BCO) has been in a rangebound movement since mid-October 2021, with resistance around the 86.50 price level and support observed around the 83.55 price level. Expectations are for a breakout higher towards 89.25. Failure of this move will be seen if BCO breaks below 83. On the longer termed Daily chart, BCO has had quite a rally thus far, with a low around the 65.213 price level, the commodity is 31.7% higher. A change in trend will be determined if BCO were to decline below 81.693. Technical Indicators BCO is currently trading above its short (50-MA), medium (100-MA) and long (200-MA) fractal moving averages. The commodity is currently in an uptrend. The RSI is trading above 50 and there has been a positive crossover on the KST. This suggests another move higher for the commodity. Recommendation The recommendation will be to go long at market, with a stop loss at 83.00 and a target of 89.25. This produces a risk/reward ratio of 1.14 Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes.
OANDA:BCOUSDLong
by Ceddy86
Big MMAT Energy 😉Not a financial advisor. Metamaterials is soon to be an industry giant. After acquiring TRCH energy months back shareholders are finally starting to see the preferred shareholder dividends. I'm one of them. Rumors have been swirling around that after this deal was complete that they might be looking to partner up with TESLA! I do see current events leading to that being likely. However I won't speculate, so please do your own research there. This is a long hold for me personally, I want shares to hold for years. Short term this will get into the $7-10 range. I do see this going back to the $20's and personally I value this well past the $30's however that is going to take some time to develop. I am working swing plays to acquire more here.
MLong
by StofAxeCapital
CEI Strong recovery to comeNot a financial advisor. Today CEI took a major dive. In which sparked my entry. Like many others, I see a great bounce play here. I'm eyeing up a return to test $2.49 retrace bounce off the $1.93. If we have enough volume we will see $3 return. I like this project. I'm holding a core and swinging a smaller position. Over dramatic selloff. We saw a big bounce today off the $1.03 fib. All indicators have seen a major cool off. Wouldn't be surprised if we bypass $5-$6 within the next week if volume remains high. Will update accordingly. As always feel free to chime in and leave feedback. Always great to chat with other traders, Thank You!
CLong
by StofAxeCapital
16
Fossil Fuel Fury: Natural Gas Takes The Bullish BatonNatural gas is combustible as producers extract the energy commodity from the earth’s crust. The energy commodity’s price action has been equally volatile since the CME’s NYMEX division rolled out futures contracts over three decades ago in 1990. Natural gas probes above the $5 level- a nearly eight-year high Heat and storms have been bullish LNG demand is booming US energy policy- lower supplies when the demand is rising- A potent bullish cocktail Approximately ten weeks to go in the injection season- Inventories are low The nearby NYMEX natural gas futures contract has traded from a low of $1.02 to a high of $15.65 per MMBtu. The futures price reflects natural gas’s value at its delivery point at the Henry Hub in Erath, Louisiana. The Henry Hub price is a benchmark. Local prices can vary and trade a substantial discount or premium to the nearby NYMEX futures. Massive discoveries of quadrillions of cubic feet of natural gas in the Marcellus and Utica shale regions of the US had weighed on the price over the past years. Technological advances in fracking lowered the production cost. Since necessity is the mother of invention, the demand side of natural gas’s fundamental equation rose with supplies as natural gas replaced coal in power generation and liquification opened a new demand vertical. LNG now travels worldwide via ocean vessels and is not limited to pipeline transmission. After falling to the lowest price in a quarter of a century in late June 2020 at $1.432 per MMBtu, the price has more than tripled. Last week, it probed at over $5 per MMBtu for the first time since February 2014, during the heart of a colder than average winter season. Natural gas probes above the $5 level- a nearly eight-year high With the start of the 2021/2022 winter season still over two months away, the natural gas futures market was in full winter mode last week as the price exploded higher. As the daily chart of October NYMEX natural gas futures highlights, natural gas futures eclipsed the $5 per MMBtu on September 8 and rose to a high of $5.058 on September 10. Natural gas has made higher lows and higher highs throughout the 2021 injection season, with the latest highs coming last week. Open interest, the total number of open long and short positions in the natural gas futures market, rose in June and remained elevated as the price continued its ascent. The metric was at the highest level of 2021 last week and the highest level since early 2020. Increasing open interest when a futures market price moves higher is typically a technical validation of a bullish trend. The move above $5 was a significant event for the natural gas market. The monthly chart illustrates that natural gas futures rose above a critical technical resistance level at the November 2018 $4.929 per MMBtu peak. The energy commodity rose to its highest price since February 2014, a nearly eight-year high. The next technical target stands at the 2014 $6.493 high. Meanwhile, natural gas futures had not traded above $5 in September in thirteen years since 2008. At the end of last week, nearby natural gas prices have risen by 251.3% from the 2020 $1.432 low to a closing price of $5.031 on nearby futures on September 10. Heat and storms have been bullish It may be early for natural gas to soar on seasonal factors as the beginning of the withdrawal season in mid-to-late November is still two months away. However, the price had been trending higher as the summer was warmer than average, increasing cooling demand. Moreover, the devastation caused by Hurricane Ida pushed the energy commodity to new highs. In mid-September, we are still in the dangerous period when storms can wreak havoc with natural gas infrastructure along the Gulf of Mexico. Since natural gas replaced coal as the primary energy commodity generating power, cooling during the summer season has seen natural gas demand rise. For many years, natural gas was a winter commodity, but electricity requirements have made demand a more year-round affair. LNG demand is booming Natural gas discoveries and technological advances in extracting the energy commodity from the earth’s crust via fracking fostered a new demand vertical. In the past, natural gas only traveled by pipelines, limiting demand to mostly landlocked areas. Liquefication evolved the market as it now travels around the globe to areas where the price is higher. Natural gas prices are rising worldwide. On Thursday, September 9, in an interview on CNBC, Cheniere Energy’s (LNG) CEO said the company is “sold out” of LNG for the next two decades. Cheniere is doing so well it plans to pay shareholders a dividend. LNG shares reached a bottom in 2020 at $27.06. At $88.05 on September 10, the leading US LNG company’s stock was 225.4% higher as it almost kept pace with the energy commodity. The bottom line is LNG demand is booming and has caused natural gas to trickle instead of flow into storage over the past months. US energy policy- lower supplies when the demand is rising- A potent bullish cocktail While the weather, LNG, and overall inflationary pressures have provided lots of support for natural gas prices over the past months, the most significant factor has been the dramatic shift in US energy policy. The Biden administration has put the US on a greener path towards renewable, cleaner energy. Fossil fuels like oil and gas have been pushed aside as the administration addresses climate change. The Obama administration did the same with coal, which became a four-letter word in the US energy sector. The fact is that fossil fuels continue to power the world. It will take decades for technology to replace oil, gas, and coal with wind, solar, and other renewable energy sources. Even if the US and Europe move to alternative energy sources, the world’s most populous countries, China and India, are likely to continue to burn fossil fuels. While natural gas is up 251.3% from the 2020 low, coal gas has done even better. The chart shows that the price of thermal coal for delivery in Rotterdam rose from $38.45 per ton at the 2020 low to $169.55 at the end of last week, a gain of over 340%. In a world starving for energy, fossil fuel prices are on fire. In 2021, the Biden administration canceled the Keystone XL pipeline, banned fracking for oil and gas on federal lands in Alaska, and is increasing regulations and taxes on the fossil fuel industry. Meanwhile, the administration gave the go-ahead for a natural gas pipeline from Russia into Germany. The twenty-year war in Afghanistan ended, but the US war on hydrocarbons to battle climate change is only getting started. Meanwhile, the administration calls climate changes an “existential threat” to the world. It took twenty years, four US Presidents, billions if not trillions of dollars, and many lives to replace the Taliban with the Taliban. It seems a bit hypocritical to transfer the production and pricing power in crude oil back to OPEC+. It took decades for the US to achieve energy independence. The current administration has replaced OPEC+ with OPEC+. Oil, natural gas, and coal are fossil fuels. Climate change is a global issue. The world continues to depend on these commodities. The US retreat only hands to other countries that will now dominate pricing. Moreover, the transfer occurs as the demand is exploding, putting more upside pressure on traditional energy prices. Approximately ten weeks to go in the injection season- Inventories are low In around ten weeks, the natural gas market will move into the 2021/2022 withdrawal season, when inventories begin to decline as heating demand rises. We are moving into the peak demand season with stockpiles at low levels. As of September 3rd, 2.923 trillion cubic feet of natural gas were stored throughout the United States in preparation for the upcoming winter season. Stocks are 16.8% below last year’s level and 7.4% under the five-year average for the beginning of September. At the end of the 2020 injection season, natural gas stocks rose to a high of 3.958 trillion cubic feet. An average injection of over 100 bcf per week would lift inventories to that level. The robust demand for LNG, lower production, and the regulatory environment under the current administration means that there will be the lowest level of natural gas in storage at the beginning of the winter months in years. A cold winter could cause a shortage of the energy commodity. Meanwhile, heating homes will be costly during the coming winter season. If temperatures are colder than average, the bullish party could become parabolic for the volatile energy commodity. Natural gas reached a milestone over the past week as the price moved above the $5 per MMBtu level for the first time since 2014. In early July, NYMEX crude oil traded at its highest price since 2014. Coal is at a thirteen-year high. The Taliban now controls Afghanistan, again. The US was formerly the world’s leading energy producer. The current green energy path means that energy independence has also slipped through the administration’s fingers. Bull markets rarely move in straight lines. Corrections can be fast and furious. However, the trends remain higher, and a new set of fundamentals support higher lows as the bullish fossil fuel frenzy is no flash in the pan. -- Use the link below to sign up for early access to articles. Trading advice given in this communication, if any, is based on information taken from trades and statistical services and other sources that we believe are reliable. The author does not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects the author’s good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice the author provides will result in profitable trades. There is risk of loss in all futures and options trading. Any investment involves substantial risks, including, but not limited to, pricing volatility, inadequate liquidity, and the potential complete loss of principal. This article does not in any way constitute an offer or solicitation of an offer to buy or sell any investment, security, or commodity discussed herein, or any security in any jurisdiction in which such an offer would be unlawful under the securities laws of such jurisdiction.
NYMEX:NG1!Long
by Andy_Hecht
1
Potential Break in Brent Crude Oil Towards 74.25Trend Analysis The main view of this trade idea is on the 15-Min Chart. The consolidation in Brent Crude Oil over the last couple of days has produced 2 chart pattern setups, a Rectangle as well as a Reverse Head and Shoulders. Resistance for the Rectangle is around the 72.50 price level while support is seen at the 70.85 price level, which is also the Head of the Head and Shoulders pattern. The Left and Right Shoulders are around the 71.35 price level while the Neckline is around the 72.30 resistance. The completion of these chart patterns will take the commodity between 73.65 and 74.25. Technical Indicators Brent Crude Oil is trending higher as it is currently above its short (25-MA), medium (75-MA) and long (200-MA) fractal moving averages. Also the short MA is above both the medium and long term MA and the medium term MA is above the long term MA. This denotes an uptrend over the respective timeframe. The RSI is above 50 and there has been a positive crossover on the KST. Recommendation The recommendation will be to go long at market. Stop loss will be set around the 70.80 price level and a target of 74.25. This produces a risk-reward ratio of 1.12. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in Brent Crude Oil.
OANDA:BCOUSDLong
by Ceddy86
Elliott Wave Analysis: NATURAL GAS Is At The Resistance ZoneHello traders and investors! Today we will talk about natural gas, its price action from technical point of view and wave structure from Elliott Wave perspective. As you can see, natural gas is in the downtrend and we are tracking a big weekly A-B-C decline, where wave C is in progress since 2008 and it looks like a big ending diagonal (wedge) pattern. Ending diagonals a.k.a wedge patterns consist of five waves, labeled 1-2-3-4-5, where each wave subdivides into three legs. Waves 1 and 4 overlaps in price, while wave 3 can not be the shortest amongst waves 1, 3, and 5. Well, current recovery on natural gas looks slow, choppy and overlapped, so we believe that it belongs to a wave (4), which can stop here in the 4.x area and at the strong weekly upper ending diagonal line. So, in case if natural gas starts sharply and impulsively falling, then be aware of a bearish continuation within the final wave (5) that can send the price back to lows and 1.0 area before it finds the bottom. All the best and have a nice weekend! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
NYMEX:NG1!Short
by ew-forecast