BigCharts

BigCharts Updated 

Soon, the crash will start. 1. Warmer weather 2. Consolidation zone gonna provide momentum to following move 3. Long overweight hedge funds

BigCharts Updated 

I've been short for a while... Two scenarios for next week: 1. Natural Gas continues its sell-off and heads towards ATL, if three conditions are met: 1. Daily breaks price range 2. Daily RSI manages to go sub 30 with adequate volume 3. Daily STOCHRSI breaks 30 with adequate force 2. Natural gas violently rebounds Friday or Monday and...

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May is the month where OPEC and Russia meet once again to discuss an extension of the supply cuts. This creates a bull euphoria in the market, which combined with the technical indicators can make oil rocket to a (minimum) price of $55 (previous DCH). The 10DMA started curving upwards, whereas the RSI has a lot of room to move to the upside. Furthermore, volume...

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In my opinion this is a clear reversal on 4 major indicators; 1. 200DMA 2. RSI usually reverses around 30 when the price is retracing and not crashing (our case) 3. MACD bullish reversal 4. STOCH RSI bottomed for a week now. Furthermore, the general environment for oil is good with OPEC talks about extension cuts (even rumours are good to make profits) as well...

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After 2 months+, oil is developing into a rampant bear. This in my opinion is the initial move of a general bearish trend to come. My first target is $48, as I said in my first post on this trade 2 months ago, with the possibility of a second target of $44-42. This point will not contain any analysis or further explanations, as I have already registered my...

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We failed to break the 200DMA on the weekly chart. On top of that we had a clear reversal candle and volume on 3/14/2017 (idea thanks for Chartwatchers. Furthermore, all indicators are signaling a bullish pivot. I am not sure how long this bull will last, so I will have a tight stop-loss.

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2 months later, oil is still flat. As mentioned in my previous post about oil, I think this is a very crucial moment in the future price of oil. That's because oil is heavily manipulated and thus, if we fail to fulfill the consolidation and crash pattern as observed on 2015-06-29, I think oil will shoot to $65. All indicators on the weekly are very bearish and...

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All technical indicators are oversold with signs of reversal on Daily and Weekly time frames. Additionally, we touched th 200d MA and bounced off of it. Be careful though, this might be a short lived bull run as we might fail to break 3.1 and thus create opportunity for a leg down. Thus I will set my first target at 3.1 and wait to see if there are signs of weakness.

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Dear shorts, I know most of us are extremely frustrated with the situation of OIL in the past (almost) 2 months. Whilst it should have retraced a long time ago, it can't seem to do so. In the early stages of this short trade, mostly technical indicators supported the idea whilst in the past ±4 weeks fundamental factors should cause oil to crash, since despite...

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Based on Daily and Weekly technical analysis as well as fundamental I think there is a possible trade to the long side for NGAS in the upcoming weeks. I will post a more in-depth analysis when I see a window to enter the trade. For now I am keeping some cash to be ready.

BigCharts Updated 

After the Daily Key Reversal last week which also helped form a doji on the WEEKLY, I am convinced that from this week and for the following 3-4 oil will go down. RSI and STOCHRSI have topped on the weekly and are reversing as well as the MACD. My first target is $48 and then $44-42.5

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Not much to say. The deal rejuvenated oil. Daily and Weekly are bullish with nice volume to accomodate the increase. Oil should be $60+ by year end

BigCharts Updated 

51.91 Was rejected nicely, opening a short with TP $49

BigCharts Updated 

I think NGAS hit rock bottom for now. Moving into the winter with chilli temperatures incoming and a perfect trend reversal setup (STOCHRSI and MACD) I think it is very likely we see NGAS reach $3.2 + within the next two weeks. Very crucial to whether this will occur as planned are the inventories which based on past data and future expectations should be as or...

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The uptrend of NGAS in the past week was a completely irrational move fueled by good news for oil. Other than that, inventories were slighly below forecasts and weather neutral. Furthemore, this rally is starting to experience exchaustion with huge spreads between bid and ask which leads to gaps--mostly to the downside. Thus, I believe that panic selling will...

BigCharts Updated 

With the S&P500 making new highs on no basis and serious resistance appearing at new levels, along with STOCHRSI signaling extremely overbought and MACD begining to reverse, I would take a small short position at $2205 with a T.P. $2175

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Being the cinical oil bear I am. I will be shorting USOIL after the huge downturn on Friday. All indicators are bearish with the STOCH RSI showing a lot of room for downside. Furthermore, I think Wall Street finally realized that OPEC is not willing to take initiative and will be shorting for the first time in months during the OPEC meeting at the end of November.

BigCharts Updated 

Friday I started selling my position in NGAS. Whilst I do expect further movement up, I think that there may be a possibility for some profit in the short side. That's because the upper BB did not seem to widen when the price reached it. This is a very common sign of NGAS reversing. Furthermore, the STOCH RSI look like not much upside is available. The MACD is...