CRK
Comstock Resources, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas primarily in North Louisiana and East Texas, the United States.
The Russian invasion of Ukraine has brought some tensions in international markets.
With Russia being a major source of natural gas, oil, raw materials, metals and other commodities , the Russia-Ukraine crisis could affect the supply of these materials to the world and cause major inflation.
I believe that buying gas companies is a good hedge.
From a technical point of view, it's a bull flag waiting to break out. If it does, look for 11 as first target.
If it does not break out immediately, look for more range bound within the flag.
I'm long CRK and UNG. Swing trades.
Trade safe and don't forget your stop loss!
Comstock Resources, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas primarily in North Louisiana and East Texas, the United States.
The Russian invasion of Ukraine has brought some tensions in international markets.
With Russia being a major source of natural gas, oil, raw materials, metals and other commodities , the Russia-Ukraine crisis could affect the supply of these materials to the world and cause major inflation.
I believe that buying gas companies is a good hedge.
From a technical point of view, it's a bull flag waiting to break out. If it does, look for 11 as first target.
If it does not break out immediately, look for more range bound within the flag.
I'm long CRK and UNG. Swing trades.
Trade safe and don't forget your stop loss!
Trade active:
Up big!
I'm raising my stop loss.
I'm raising my stop loss.
Comment:
MONSTER MOVE!!!!!