GAS token formed bullish BAT | A good buy opportunityHi dear friends, hope you are well, and welcome to the new update on GAS token.
Previously we caught a powerful pump of GAS as below:
Now on a 4-hr time frame, GAS has formed a bullish BAT move for another pump soon.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
GAS
CEI | Low Float Oil Play | BounceCamber Energy, Inc., an independent oil and natural gas company, engages in the acquisition, development, and sale of crude oil, natural gas, and natural gas liquids (NGL) in Kansas, Missouri; Louisiana; and Texas. As of December 31, 2021, its total estimated proved producing reserves consists of approximately 73,800 barrels of oil equivalent, including 48,400 barrels were crude oil and NGL reserves, and 152,400 thousand cubic feet were natural gas reserves. The company was formerly known as Lucas Energy Inc. and changed its name to Camber Energy, Inc. in January 2017. Camber Energy, Inc. was incorporated in 2003 and is headquartered in Houston, Texas.
#ONG/USDT [Ontology Gas]: Bollinger_Breakout Super_TrendWe've identified both a Bollinger Band breakout and a Super Trend pattern on the ONG/USDT chart. Both indicators are signaling a bullish trend, with the Bollinger Band indicating a potential bullish trend as the price has moved outside of the upper band and the Super Trend showing a bullish trend. This is a stronger bullish signal as both indicators are aligned. It may be a good idea to consider buying at the current price zone and targeting higher levels. However, it is still important to consider other factors such as overall market conditions, and other technical indicators before making a trade decision.
Natural Gas / NG - Act II: A Number That Starts With "2"My previous call on natural gas made Sept. 19 has come to fruition, achieving all three targets, and in a shorter than expected period of time:
Natural Gas / NG - It's Officially a Bear. Now, Hold My Beer
The question I've asked myself for the last few days is simply: Now that the June lows have been taken out, is it time for a reversal?
And frankly, I don't believe a (sustained) reversal is imminent, mostly because I really do believe $18 NG1 is incoming and these market makers, who are total maniacs, will not make it so easy for one to go long.
Things to keep in mind when we're so close to the end of the month and major lows have been achieved:
1. Look out for bounces as monthly candle wicks are painted
2. Look out for monthly candle highs to be painted in the first days/weeks of November
3. Big volume gaps between $6.3 and $5. "It's only 23%!"
4. Big bounce from $4.9 to $5.3 June lows are likely
Trendlines are astrology, for real. Stop believing in them. No banks and no trading floors at Shell, Exxon, Aramco, Gazprom, are sitting there thinking of what to do with billions of dollars of inventory and drawing a diagonal line between two lows and thinking to themselves about such and such "support." That is truly absurd.
Yet, you should pay attention to these things because, to the contrary, they're used to fleece dumb money. The markets revolve around fleecing dumb money, and there are entire funds with billions of dollars of dumb money.
To put this trendline into perspective, although it looks reasonable on the 4H, look how absurd this is on the monthly:
That being said, it's also reasonable on the 1W and 1D charts:
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We are notably at that point, below the psychological $5 level and more or less at the trendline, and at the end of the month. When June made its Armageddon move downwards it came right as the monthly contract closed, so I personally do not expect a repeat of the same situation.
I think a bounce to $5.3 is more or less inevitable, and I suspect rather than break through it and act like Silver/Gold/WTI has retracing to newer highs, it will bounce off the low and manufacture the kind of "resistance" found in technical analysis books to encourage late shorts.
Early November may actually show us a more bullish impulse back to $6, but keep in mind that to get back to that mid-October weekly gap would more or less fill the entire October monthly bar with a November wick, so that gap is likely a breakaway gap that will stay in place for some time.
Anyways, what I expect to see is after some retrace to catch late shorts and squeeze and break them, as well as to exploit early bulls, we will see a retrace, one that won't last long and will probably be quickly accompanied by another breakaway gap.
I believe that natural gas will, in a very quick period of time, actually print a number as low as $2.9, a move that will be accompanied by WTI also setting new lows and approaching $50, as I noted in a recent call:
WTI Crude Oil / CL1 - Accumulation Before Global Conflict
Europe has already filled their coffers with $9-10 US LNG delivered via boat and until they need to refill the barrels in a few months after Freeport is re-opened, prices should be suppressed as producers and funds get net long on energy.
The reason is, problems between NATO and Russia and problems between the World and the Chinese Communist Party under the new found "Emperor" Xi and his delusional miscalculation to stay attached to Marxist-Leninism and communism will lead the Party to either attack Russia alongside NATO or to pinch both Russia and NATO with an assault on Taiwan.
Energy will be _extremely_ expensive everywhere once the global conflict breaks out. But as with all such moves, first come lows that are more uncomfortable than early bulls and scared bears are comfortable with.
2023 will not be a pleasant year, so make sure you do your utmost to have a proper Christmas with your family and act like a good person.
Whoever you are who is reading this, what I want to tell you is this: If you want a future, you need to start by first rejecting communist culture, especially all things Marxist-Leninism.
Next, you need to reject the Chinese Communist Party, for it is guilty of the crime of live organ harvesting genocide against Falun Gong and will be purged by history.
Third, you need to start to emphasize virtue and improve your conduct and morality on a foundation of traditional human culture.
I am not talking about dogma, and I am not talking about religion. Both of those are totally useless. I am talking about a rational understanding of what it means to be "a human being," the things that have allowed this civilization and this cycle of history to persist over the last 5,000 years, founded on the back of the Chinese dynasties.
There are so many lessons in history. I hope that whoever has the fortune to encounter my words can walk out of the catastrophe. But if your thoughts are unrighteous, then if you can't, you can't.
Regrets, however, will be no help at all.
It's just like poker: you have to figure it out and have your bets placed before the cards are turned face up. Once the truth is revealed, everything is fixed.
Long on Natural Gas Natural Gas has been hammered over the last couple of weeks and It's about time it took a turn to fill in the gaps; beginning with the most recent one yet to be filled.
Strong positive RSI divergence on the daily, alongside oversold hourly, weekly and monthly RSI.
It's still freezing cold with many winter storms across the USA so I can't see Natural Gas being sold for much longer.
What are your thoughts?
EQNR | Excellent Entry Point | LONGEquinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments. The company also transports, processes, manufactures, markets, and trades in oil and gas commodities, such as crude and condensate products, gas liquids, natural gas, and liquefied natural gas; markets and trades in electricity and emission rights; operates refineries, terminals and processing, and power plants; and develops low carbon solutions for oil and gas. In addition, it develops wind, and carbon capture and storage projects, as well as offers other renewable energy. As of December 31, 2021, the company had proved oil and gas reserves of 5,356 million barrels of oil equivalent. Equinor ASA has collaboration agreements with Vargronn; and RWE Renewables and Hydro REIN. The company was formerly known as Statoil ASA and changed its name to Equinor ASA in May 2018. Equinor ASA was incorporated in 1972 and is headquartered in Stavanger, Norway.
NATURAL GAS Astounding multi-year Cycles showing sell's not overThis is not the first time we look into Natural Gas (NG1!) and its long-term patterns. We have coined its Multi-year Cycles Theory in the past and it is time to extend on it a little on the 1W time-frame.
Typically investors ask us for 1D analysis such as the following we published 2 months ago (November 24 2022) and helped us identify the conditions that would fulfil the long-term bearish reversal we expected:
As you see NG delivered the expected drop since it closed below its 1W MA100 and even hit and closed below the 1W MA200 (orange trend-line). Based on this multi-decade blueprint, this is a strong bearish continuation signal. As the chart shows, NG technically makes 4 year Cycles (bottom-to-bottom, top-to-top), which failed only one time in 30 years. Based on this, there is still significant time and range for the price to drop.
The first stop is the (grey) High Volatility Zone, where the price typically trades for a longer-than-usual period of time. We need to keep an eye on the RSI on the 1M time-frame and its Higher Lows trend-line. If its holds, expect a bounce, in a similar fashion as the Lower Highs from May 2009 to February 2016. If they break, we expect first the 1.600 level to be tested as a Support and potentially under conditions (which we will analyze extensively if this time comes), the prices Lower Lows trend-line.
Keep in mind that the RSI is always helpful and in recent months in particular, as its Bearish Divergence on Lower Highs (against the price's Higher Highs) from September 2021 to August 2022 projected the peak.
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Short Idea - XOM Exxon Mobile Corporation - Updated 011923Looking at the chart(s) of XOM Exxon Mobile Corporation , are they signaling a short opportunity on the back of lower growth outlook(s) for 23-24'? 🛢⛽️ 📉
Not going to provide much commentary on the macro outlook for U.S. Crude Oil CL1! CL2! CRUDEOIL1! CRUDEOIL2! WTI1! WTI2!, just the charts of XOM:
XOM Weekly Chart: 📊
XOM Daily Chart: 📊
XOM 4-Hour Chart: 📊
XOM Hourly Chart: 📊
XOM 15-Minute Chart: 📊
Here is a more detailed XOM (Short) analysis from @dRends35: 📉
What do you think about an XOM (Short)? 🛢⛽️ 📉
Let me know in the comments below! 👇🏼
Butterfly Still in Play for Natural Gas NG!Butterfly still in play
1) XB should be 0.786. Here we have 0.794 so I would accept it. Tick
2) AC should range between 0.392 to 0.886. Here it is 0.774. Tick
3) BD should range between 1.618 and 2.618. Here it is 2.128 . Not complete yet but Trending!
4) XB should range between 1.27 and 1.618. Here it is 1.493. Not complete yet but Trending!
Let's see what the price action does. I believe a reversal is due now to the upside.
Note: XB to 1.618 would be at the price of 3. So still downside risk.
Oil & Gas Services is the leading industry $XESWho else is waiting for this breakout to happen?
If it does, a good target would be $125 and I like the odds.
Just look at NYSE:SLB , NYSE:RIG & NYSE:HAL , they have already broke out from there bases.
Look for other stocks within this ETF and you will find good set ups. I'm doing it.
NYSE:WHD & NYSE:NOV are near pivot points.
natural gas(henry hub)Don't you think the gas has fallen too much!? In my opinion, after meeting the demand and breaking the trend, it will go towards full neck gap
The new refinery has started working and we saw the fall, but now the weather is getting colder
Risky Long From Trendline NATGASFollowing the substantial decline in price today, it is expected that we may see a retracement. This is a common occurrence after a large price movement and is often an opportunity for traders to enter the market or adjust their existing positions. It is important to carefully analyze the price action and consider multiple factors, such as market trends, fundamental analysis, and technical indicators, when making any trading decisions.
Natural Gas (NATGASUSD) coming to demand zone 💨Hello guys, Everything is clear on the chart for you like always. Next potential move of gas could be an upward. we have a strong support and demand zone at 3.3-3.5 $. So you can consider it and monitor the price's action in the circle to enter buy position.
Good luck.
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Natural Gas collapsing! Yet another deflationary signNatural gas in the US is collapsing. In part this has to do with LNG exports to the rest of the world being halted due to a fire to one of the export terminals. However in my honest opinion, there is more to it. It probably has to do more with the deflationary forces taking over, as high interest rates, money supply shrinking and inflation being too high, have destroyed demand to a very large extend. At the same time we are seeing progress in the energy space, with more projects and drilling taking place, as the ESG movement is taking a hit. The green movement needs to be sidetracked for a while, as we need cheap energy right now. Otherwise the war in Ukraine won't stop in Ukraine and we are gonna have famine in most of the world.
So where would I be looking to buy natural gas? Or until what level would I be willing to short it? Based on an average I created which includes several futures contracts, I think that closing shorts at around 5$ is a good idea, yet buying a lot of NatGas with significant upside, I'd say start buying between 3-4$.