DNR - No Brainer #2 All,
This one is also a good buy possibly a higher entry and you can see it is smashed between resistance/support. Either way long as you don't panic sell buying around this area should reap its rewards soon enough. I am in.
Earnings:
"Denbury Resources (DNR) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 12.50%."
Oilprice
Peaks on OilPrevious resistance points can be observed at $31, $33, and $35 from mid-April.
We could see this rise in Oil price reach one of these peaks, before heading back down as Oil storage reaches a maximum and a second wave of Coronavirus cases occur.
This drop is likely to happen over the coming week, so a good opportunity for a Short on Oil, potentially reaching $20 or even $10.
We may have already hit a peak on Oil for the timebeing, on the other hand, we may hit a peak at one of the mentioned resistance heights in the near future.
Displayed are potential pathways for Oil to head.
Possible peak on OilWe may be currently experiencing a peak before a plunge in Oil.
As world Oil storage reaches near-maximum capacity and a threat of a second wave of Coronavirus cases due to the early easing of lockdowns, the price of Oil may fall drastically to ease these factors.
The price of Oil may fall to lows of $20, or even $10, which are previous Support points.
If the drop occurs, good gains can be made by shorting soon.
Shorting June 2021 - Dec 2020 ContangoIt looks like there's a good opportunity coming up on this one. Selling into strength seems reasonable.
NAT will go up atleast until Ex-Dividend Date 2020-05-222 target prices...
Fib 61.8 & Fib 161.8 take profit levels
plan for next WEEK ?Guys, I want to ask, if is this strategy possible for next week after Monday ( like Thursday evening ). From 30.75 to 36.70. Economic in the USA will be better and better next days and weeks and oil will grow. Or what you think about it? Let´s comment, please. have a nice weekend!
USOIL long to 41After the break of the divergence short, looks like nothing will stop this train till we close the gap at 41.
US Oil short - divergence after breakoutNice divergence on the 1hr chart on the MACDH and RSI. This could be oil topping out here temporarily after a great run up and bull flag/penant continuation pattern.
Opportunity here to take a short on divergence with a nice 1hr dojo reversal candle to. If the stop gets hit (top of candle) I would expect this breakout to continue powerfully to the upside so I will simple reverse and go long
Likely a win win trade again
New bottom Trough Established for Halliburton ($HAL)Halliburton was as low as the mid-4s per share during mid-March, but with its most recent nadir, it seems to have established a low trough in the 9.5 to 9.7 range. A further fall back to under 5 per share is exceedingly unlikely with many states opening up and drilling to resume on mass-scales soon. $HAL will be the first stock to benefit from the major oil companies following it later with equivalent ascents. A December to March sell-range seems reasonable, with as high as a 500% ROI for those who got in under 5/share. It should establish value in the 20 to 25 range by the beginning of 2021, as a vital oil stock with regards to drilling and production.
With oil on the rise, this stock will begin its rise accordingly and already is after a recent fall Monday following the Fed Chairman's market scare. This is a 7 to 12 month swing trade.
USOIl. Long. Bull pennant Oil looks good for a buy after the hour candle spike in volume to confirm the bull pennant. Candle closed pretty much above the support box just 5 min moving averages are lagging a bit.
RSI is looking strong and stochastic is still nicely oversold on the hourly so plenty of room to breathe upwards.
First take profits at the break of the bull pennant. Could hold some to see if we get a further move upwards. Stop at the low of the hourly candle.
Perfect structure, ready for completion..Our analysis from the 1st of May was perfect, now we are in the consolidation period where we form the right shoulder in addition to a bull flag, ready to shoot higher!
OIL PRICES: Recent EventsOIL PRICES: Recent Events
The price of oil decreased substantially in 2020 due to the COVID-19 pandemic and the 2020 Russia–Saudi Arabia oil price war. On 20 April, WTI Crude futures contracts dropped below $0 for the first time in history. Oil Prices collapse into negative prices on Monday was a clear warning of just how scarce storage space for oil is getting. The following day Brent Crude fell below $20 per barrel.
"It will take time and money to turn it back on. It's not like a light switch," David Trainer, CEO of New Constructs, an investment research firm based in Nashville.
The outbreak of Coronavirus impacted the oil price as many people are staying home. The social-distancing and stay-at-home orders are thought to partly be one of the major factors that crippled the oil price market in the first place. Return of the oil boom is speculated to be coming in the next few months as the world reopen after COVID-19 lockdowns. The demand of oil is thought by experts to return and in turn increase oil prices in the coming months.
"When demand comes back online, there won't be as many people there to make the oil," said Trainer.
Profiting from a oil price CFD increase:
Let’s say you buy an oil price contract at a current market price of US$11.55 per barrel, believing the market price will rise by a certain time. If the oil price has risen at the expiry of the contract, you’ll make a profit based on the difference between the buy and sell price. However, if oil price falls below the buy price at the point when the contract expires, you’ll lose the trade.
Heikinashi Fibonacci Resistance Level: $28.77
Heikinashi Fiboacci Support Level: $0.06
Halliburton (HAL) still a strong buy; semi-long term swing sellOil continues to rise after the historic nadir that saw it trade negatively briefly. Oil giant Halliburton may never reach the trade levels it was at in 2018, but the company is due to rebound quickly as the industry does itself. A major manufacturer of the equipment, it is a mainstay and key oil stock if one wants to capitalize on the rebound overall of the entire industry.
While ideally, one has already acted here, while it was as low 4.50 per share, but it is currently trading in the 10.30s, and still is a must buy.
By December or perhaps by next summer, a full rebound to pre-pandemic prices should be assured at about a 250-300% ROI for investors buying right now. $HAL is a play on the expectation normalcy does return, and it is already showing signs as of yesterday with pump prices increasing nationally. As more states open up, HAL will only benefit from the increase in travel, need for oil, and all the things that this world economy had been dependent upon pre-COVID. This pandemic did teach some lessons, and it also taught that even the most reliable markets are a lot more plastic than we had anticipated. But nothing is forever, and Halliburton is showing nothing but gains as the industry does so. At this point, a strong buy.
Oil - A flip of a coinIt can go either way. It is consolidating for awhile which means whichever direction it decides to go, expect huge volume. I'll be watching this.
