OPEC and Seasonals - SellMarket normally goes into backwardation in FFAs after new years and shipping volumes falls when refineries go into maintenance and cut their crude processing demand. This year, in particular, it should fall even more given the cuts being implemented as per media in the last couple of days. A hot tip to follow the fixtures done is to download VLCC Fixtures (iPhone) from Frontlines own chartering department which provides and overview of cargos/ships/last done. Furthermore, bunker fuel is representative of a large freight cost component which also follows oil upwards and thus is currently putting earnings pressure on all shipping companies. Hence to conclude within jan-feb 2017 this stock should fall to its lows due to OPEC cuts, cost explosion in bunker and seasonal maintenance of refineries, thus the anti-trade of oil short term.
SUBSEA - sell overvalued cash positionSubsea 7 has a big short position by various high-end funds in the SSR registry with the financial authorities of Norway. Technicals look promising having finished a big w-formation while hitting the top in its current channel. Short term double top, with a break of trend seem to chart the course for 100NOK target where first solid resistance come into play. The company has a big cash position which seems to have been a safe bet during times of crises but it's highly likely it has provided a pile in of sector exposures which like will head for a reverse given all the other goodies in the sector now having cleaned up and re-shaped their stock and balance sheets. Short-term put options look cheap (107,50 strikes).
Prosafe is on the rise ? Neutral Did prosafe hit the bottom ? high volume is on the rise, and daily MA is positive, not sure about the fundamental though.. wait and see
Bullish if it bounce on necklineIt seems like this section look at a bit brighter future with rates going up. I especially see a potential in BWLPG. Target around 50 to 52, stoploss set at 26.
KOA looking goodLow volume going down. High volume on the ups. This is true for a long time now.
Sideways movement. Positive on fractals also.
Please comment.
SDRL and Offshore Oil: LongI think it should be self explanatory... Expected a short squeeze already in Sep/Oct, but it seems to start now. Regular Target: 3.70 Region. On Short Squeeze: above 7.50
QECO on the move!Jumped twice this past week, now avaible in Canada, might have another jump to the - 3.50 area.
NAS.OL going up to 404 from 279 in Nov/DecThis is my first time tech analyzing a chart. I think it will keep decreasing to 279, then it will go up again.
Go long on first sign of strengthDNB is trading in the bottom of a nice trading range. Potential for a low risk high reward long trade if price opens in the same area it closed on Friday. Stop-loss level just below support line.
Go Long Once Resistance BreaksGo long with the ABC pattern once price closes above the resistance at 150.60.
Patience Pays...Tempting to go long at the next test of the trendline, but with the resistance zone ahead I would rather wait. Potential for a better long entry once price has left the area of resistance from 70.50-71.50
Enter Long at Third Test of TrendlineYAR has formed an uptrend on the 1H and I expect a bounce off the trendline soon. Additional confirmation of the idea if price trades above the resistance at 282.50.
Enter short on third test of trendlineNHY trending down on the 4H chart and has tested the trendline twice. Short opportunity will be at the next test of the trendline. MA 40 will be my trailing stop.
