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GAS

Brent & Natural Gas PricesBrent Crude is around $111.36, as investors grew concerned about a potential global recession and the tight supply of crude. Data from the Organization of the Petroleum Exporting OPEC Countries showed that its output fell by about 100,000 barrels per day in June. Libya's oil exports have dropped to between 365 and 409 thousand barrels per day, which is about 865 thousand barrels below the level that was normal. Also, a planned strike in Norway will reduce the country's oil production by about 130 thousand barrels per day. Despite the recent rise in oil prices, the market is still expected to remain weak in the coming months due to the global economy and the lack of supply. Natural gas prices in Europe started July at around 150, which is a level not seen since early March. The rising prices are expected to continue due to the tight supply of gas. A strike by workers in Norway this week is also expected to reduce the country's gas output by around 292,000 barrels per day. This could threaten the European Union's efforts to increase its storage capacity. Due to the reduction in Russian gas flows through the Nord Stream pipeline, Germany, which is the EU's largest economy, has enacted the second phase of its emergency gas plan. It involves increasing the monitoring of the market and the restart of coal-fired power plants.
TVC:UKOIL
by bbitar
$NTI NTI --1 year accumulation/consolidation range --Potential bull pennant forming. --Hidden Weekly divergence watch list for now.. looking for a break in direction A or B what direction do you have and why ?? -Landmark study into paediatric ASD (autism spectrum disorder) has now progressed to the to pivotal drug registration stage. -NTI164 is one of NTI’s proprietary cannabis strains, and is said to be the world’s first full-spectrum medicinal cannabis product (less than 0.3% THC) to be successfully studied in children with ASD.
ASX:NTI
by gillman_hugh
$CVX CHEVRON WYCKOFF plus INVERSE HEAD and SHOULDER Pattern$CVX Chevron Corp This is one of my favorite charts because it had a clear UPTHRUST WYCKOFF DISTRIBUTION PATTERN and I was able to short the full measured move down without a sweat and share that with my friends, yay money! Chevron has completed the full measured move down on the WYCKOFF distribution pattern and is showing signs of accumulation. A few things to note below: 1. Warren Buffet loaded on Chevron. 2. Supply on oil is still low and the demand is high. The government policy on oil refineries doesn't help the supply. 3. The Russia War on Ukraine is still in full effect. (prayers) 4. Their earnings lag, however, this stock will move significantly on news that directly effects these headlines. 5. It is a dividend paying stock, I believe the news will try hard to beat it down so hedge funds can load up. Like I mentioned above, $cvx appears to be in accumulation, it has formed a decent consolidation pattern. If you zoom into the 4 hour timeframe you will find a beautiful INVERSE HEAD & SHOULDER pattern developing (flip from bars to line chart for a different view). The left shoulder shows the highest selling volume bar and checks the box of a textbook inverse H&S. However, if this pattern fails, I have setup some support levels below. This one will be on the top of my watchlist next week!
NYSE:CVX
by ChaldeaCode
$SPY Bear Flag or Diamond Pattern? $SPXThe S & P 500 is showing mixed technical analysis, while the bear flag is the most obvious in the chart. The bullish price action near support could turn this into a diamond reversal bottom if we continue side ways and print CPI showing positive signs that inflation is slowing. It could also move upwards if CPI prints stagnant proving the increase of rates and QT (quantitative tightening is working). However I don't believe that will last long, IF it even occurs (more of a initial reaction). Continued stagflation will send consumers into panic and saving mode as supply remains low and demand remains high. Top 3 categories to follow for stagflation/inflation: 1. FOOD 2. OIL/GAS/ENERGY 3. HOUSING Jerome Powell admits that the FED underestimated inflation. Always check the essentials that humans need to survive daily. The materialistic stuff will naturally decrease if we lack supply in essentials.
AMEX:SPY
by ChaldeaCode
$EQX gold setup 👁‍🗨*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management My team entered gold mining company Equinox Gold Corp $EQX today at $5.75 per share. Our take profit is $9.50. We also have a stop less set at $5.15 OUR ENTRY: $5.75 FIRST TAKE PROFIT: $9.50 STOP LOSS: $5.15 If you want to see more, please like and follow us @SimplyShowMeTheMoney
AMEX:EQXLong
by SimplyShowMeTheMoney
7
$CRK oil hedge 👁‍🗨*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Today my team entered oil company Comstock $CRK at $20 per share. Take profit is unknown but the set-up looks very promising. Entry: $20 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NYSE:CRKLong
by SimplyShowMeTheMoney
2
Oil price the same so why is gas higherOil is the same price it’s been since 2008 so who wants to explain to me why gas is triple priced? I think I know why because the corporation knows they can price gouge us with this moron in office who is also getting himself rich; they know he can’t and won’t do anything about the crashing and rip off of our economy because he is doing it to. 40 billion they gave ukraine would have given every homeless American 557,000 of them over $70,000 each we literally could have ended American homelessness instead of this fake war sending our hard earned money while we suffer in poverty here we need to unite and do something about this
TVC:USOIL
by celebratecrypto
GASS high demand for its services soon!!!The U.S. will supply 15 billion cubic metres of LNG (liquefied natural gas) to the European Union this year to help it wean off Russian energy supplies. And this looks like the beginning of a long term business plan. GASS StealthGas provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users internationally, including various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer, also refined petroleum products (gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals). GASS has a fleet of 50 vessels! Market Cap of only 90.493Mil I think this stock can easily double soon! Looking forward to read your opinion about it.
NASDAQ:GASSLong
by TopgOptions
6