EQT over 23.29 could be a rocketDecent earnings.
Reinstated dividend.
$1 Billion buyback.
Solid uptrend for the last year. Above 22.91 should get 23.29 and above that....BOOM ?
If energy keeps climbing this looks primed for new 52 week highs.
EQT
Natural Gas - surges +12% to YTD highsNatural Gas surges +12% - lifting producers' shares to YTD highs
Range Resources $RRC & other natural gas producers ripped to 52-week highs today as U.S. front-month natural gas soared to its largest one-day gain since Sept a year ago - closing at +12% to $5.898/MMBtu
Today's settlement is the 2nd highest this year after the front-month contract hit $6.312 on 10/05/21
52-week highs today - $CHK +9.1%, $RRC +6.3%, $AR +5.7%
Scoring big gains - $CRK +9%, $SWN +7.4%, $CTRA +5.9%, $EQT +5.2%
#LongLNG
Natural Gas --- ( 2 0 2 1 ) Swing TradeAlas! I am free to post what I want thanks to the help of everyone's contribution thumbs.
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The Natural Gas setup for 2021 is not only fundamentally bullish, it's a technical trader's gassy dream.
Welcome to the G a s i n o.
Macro View
From a macro view we can see that prices are now at the bottom of a historically supportive range. The previous deviations that dipped below this range were due to the bearish sentiment as production was trending up. This is no longer the case. Sentiment has now flipped cautiously bullish as supply/demand balance is expected to remain tight.
Bullish Indicators
First, we can see the weekly MACD is decisively bullish and above the zero line. This confirms momentum is going to likely remain bullish longer term.
Secondly, looking at the Commitment of Traders (COT) report on the indicator below the MACD, we see that Asset Managers and Speculators are more interested in long positions than usual. Should be plenty more next year.
Thirdly, prices are maintaining above the 50 week EMA.
Not to mention the inverse head and shoulders that is under construction. You heard it here first.
The Trade Setup
Now, if we overlay two important contracts for Summer(orange) and Winter(blue), we can start extrapolating potential targets. Current prices for either one are at the bottom of the range. This is what large speculators are looking at. This is where I am going to start accumulating starting with Summer. In addition, I am also buying dips of EQT as producers will benefit from stronger prices over the next couple years.
Looking at the August 2021 contract, prices have broken out of the down trend.
Today, in anticipation of a large swing trade next year, I opened a starting long position on the mini contract (QGQ2021) @ $2.78
I welcome dips and estimate a sell target somewhere well north of $3.00
TBD
Trading is risky, don't do it.
Long EQT and
QGQ2021 +1 @ 2.78
EQT on the long long long downward trend breakout?I've been wrong before but this one looks juicy. I've had my eyes on it for 3 years. I'm not kidding. Take a look and let me know what you think. The idea is pretty basic but the gains look really attractive on her. Cheers
Eqtec EQT long breakoutClear resistance at 0.6
Now a falling wedge pattern on lower volumes, pressure is building for a break out to the upside with fundamentals (contract news) to also follow.
EQT: potential longer term major gainer.EQT is a major producer of natural gas. I think there is a good change natural gas has finally bottomed. This chart looks very promising to me. I have taken a small long position today. Will add if we get break up out of the bullish looking flag on the daily and more if it breaks up out of the long term down channel.
Have a good week. Process and trade your way.
Other natural gas producers to consider are AR and RRC.
EQT Corp $EQTAfter rally from $5, it is consolidating now and loosing its power. $12.76 and $11.40 are the supports
If you believe my charts are helpful, please just "like"
Coal RollinTRUMP 2020 euphoria to boost Appalachia
parabolic drive down #2, can probably extend to $20.000 on a lower volume day/ week. attempt to catch exact bottom is risky
EQT CORRECTION COMPLETED?EQT seems near to the completion of this potential WXYXZ correction. If it breaks this rising channel i'm expecting an impulsive wave down.
EQT - Possible LongEQT is at a support level (lower channel), will be watching closely for a bounce to go long (shares or calls)
