Gasoline
RDOB Gasoline showing an upward trend with LONG SIGNALSame strategy as the related ideas below.
Currently reading a long signal. Is that because Winter is approaching in the northern side of the sphere?
Strategy
Refer to BTCUSD and TRNUSDT related ideas below for detail into strategy, which works well with only high volume/volatile coins.
Summary: All indicators must cross to give a strong buy/sell signal
i.e. fibonacci lines, bollinger bands , macd , rsi must be crossed simultaneously.
PNL = +13.8%
Max Drawdown = 0.2% !!!
2 closed trades in total spanning ~4+ months (over 3% profit a month)
p.S. its a shame the graph above doesn't allow you to scroll back to view the whole range of time :(, but you can still view all the trades below
NG1! - NatGas potential to turn.The white fork gives us the most probable path of price on a longterm scale, it's up.
The yellow fork is the opposite force, and projects the potential for a pullback from the very top, with the target at the centerline.
The price drop through the yellow centerline lead in a halt right before the L-MLH (Lower-Medianline-Parallel) of the yellow Fork.
This halt, or "not reaching the L-MLH) is called a HAGOPIAN in the Forkers term. It gives us a heads up that price will move in the opposite direction more then from where price came (...from the yellow centerline).
In short:
- Price has reached a high probability area where it has the tendency to turn the current trend.
- Confluence of two Fork-Lines indicate the same.
- The uncleared HGPN at the yellow L-MLH tells the same.
- The red pressing line looks scary, but is probably just a fake.
- A "Flush" of the longs below the yellow Centerline, and then a sharp climb up above again would not be surprising.
P!
GASUSD VS NEOUSD 6 month head to head. 1000% ROI #teamgsasThe chances are you’ve heard about NEO, often dubbed the Chinese Ethereum. Like its predecessor NEO is designed to act as a smart contract platform and has aim of trying to create the smart economy. Unlike Ethereum, NEO is actually comprised of two separate tokens, NEO and neoGAS (GAS).
Both are fantastic long term investments but which is the better 6 month performer?
I believe that the demand for GAS will outstrip the "mined" supply at least in the short/medium term (6 months) and am quietly confident that within this time frame GAS will exceed its all time high, resulting in a return on investment of +1000% from today's price.
#teamgas
Gasoline is moving strong for more than 10 months, now what?Keep eyes on the price of Gasoline, this could trigger a stock market contraction and recession as discretionary capital is sucked into gas higher prices.
Gasiline is trending above the 50 and 200 MAs, it is signalling over bought now however.
Gasoline increased 0.01 USD/GAL or 0.36%Gasoline prices to be volatile ahead of Trump conference: McKnight
Roger McKnight, chief petroleum analyst, with En-pro International joins BNN for a closer look at gasoline prices across Canada. He says that gasoline prices will reflect Trump coming into office and news from OPEC.
Analysis of production, consumption and reserves of oil and oil On April 11, a fresh STEO report comes out, so you should wait for the updated forecast for the oil market from an official source. Conclusions on this report will be published in the blog www.cofutrading.com. But at the moment the situation is as follows: OPEC reduces production, and the US increases it. But along with the growth in production, which is accompanied by an increase in the number of drilling rigs in the US, oil consumption is also increasing. Exports are also high. Despite of inreasing us oil stocks (which is quite normal for a given time of the year), the growth rate of reserves is low, it is lower than last year and below the average for 5 years of value. That in general is bullish (at least for me). Demand for gasoline is high, demand for distillate is also high, so refineries will continue to "consume" a sufficient amount of oil, absorbing the growth of supply. Judging by CFTC COT reports, as of March 28, funds reduced their extremely bullish position. I do not attach high importance to these reports, I can only say that the long lines have been dropped, so the way for entering new long positions is open. I continue to adhere to the neutral-bullish direction in the US oil market, but before the opening of new positions I will wait for a new STEO report from the EIA.
Hitting suppoort around 43, sideways & upCrude is hitting some support as it come close to the (blue) up-sloping trendline at around 43.
Additionally the 200 day MA is right around that area.
We are oversold in terms of Bollinger, RSI and Stochastik, with the Stochastik generating a buy signal
Should the market break, targets on the downside at 39, 35 and contract low at 26ish....
Option idea:
IMHO selling put spreads. I would avoid purchasing any upside premium of any kind
RB futures long off B3 Weeklies supportGas popped on the news that a line caught fire in the south of the US. So notice how the news event negated any sign of the B3 Weeklies study working. As price capitulated and calmed down, the levels in the study regained validity. The support has held and 1.4719 mean is the target. R:R 1.5 to 1.
simple crack Tradehere is my next Idea I will share, just waiting for the price of this pair to migrate into the purple colored area, after it does, will take the trade when is leaves this area back to the middle of the chart.
if we come out of the bottom back towards the middle will be going long RB contract with 30 plus days to end of contract term, and shorting the CL contract of same time duration of the RB.
I will do this pair in a 1 to 1 ratio, even though the RB contract is $20,00 approx higher notional value, it should track pretty good.
Caution: cash intensive trade and can see large draw down as we wait for it to work, so only use cash that you can afford to tie up for a long time, and be wearing your big person pants!!