Long play on Crude Oil using HOU 2X Bull ETF A pullback I charted earlier has played out so I am entering oil for a multiday long position. Entry long @ 9.79 with profit target anywhere above $11 and a stop loss at $9
TSX HNU Natural Gas Horizons Beta Pro Nymex LNG Bull Plus 2X Leveraged ETF Natural Gas LNG Rally Check out HND.TO for Natural Gas Bear 2X Leveraged LNG ETF shorting opportunity.
TSX HNU ETF Horizons Beta Pro Nymex Natural Gas Bull 2X Closing my long in profit after the rally fizzled out. Not counting on much more room upward from here in the short term.
TSX ETF HNU Horizons Beta Pro Nymex Natural Gas Bull Plus 2X Leveraged long position setup. Break up confirmation with strong volume after a double bottom sets us up for the summer season with BBQs and Air Conditioning power generation using natural gas. Surplus inventory fell far short of expectations in recent news so bears are exiting their positions as we...
Russia has been a hot bed of geopolitical issues through out 2014. However, the Russian stock market has bounced by over 17% year to date(as measured by the RSX etf). Fundamentals Since Russia entered into a cease fire with Ukraine the sails have been in stock markets wind. Even with the major positive movement the Russian ETF, RSX is still at a 5 year low. The...
Looks possible here, worth a try with 4% risk to 22% upside. Keep a lookout for oil price too. Target of $19 (trendline).
One of the great feature I like with TradingView is the ability to compare different ticker via arithmetic addition/division/subtraction. From here, I'm comparing between UNG and USO. Since both are directly related to energy, tough choice huh? Charting it out helps a lot and we can see a clear breakout trend between the ratios! Clearly Natural Gas (UNG) might...
Gasoline has seen a crazy rally in the first six weeks of 2015, after a record number of daily declines; but, considering the continued oversupply in both crude and gasoline inventories, RBOB could look to pullback. No longer in an oversold condition on the daily chart, gas has been unable to close above $1.6192, as well as a minor descending trend line. So far,...
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I haven't posted about crude in a few weeks because the fundamentals and technicals simply have told the same story over and over again. Bulls get bullish because A) they believe the global economic growth falacy or B) it's so oversold it must go higher. My charts did not change, and, yes, it has played out well technically to the downside. It is ever closer to...
HA Candle closed with a possible reversal candle. Wait for second candle to confirm trend reversal. Stoch is also in oversold territory. Put a stop at $14.05. Watch out how much you capital you use with this stock as it can jump 3% either way overnight.
WTI has played out fundamentally, and the fundamentals (along with sentiment) still remain to the downside. Traders love to pick out bottoms by catching falling knifes, and they're usually cut up in the process. On a risk:reward basis, sure WTI may seem like it's at a nice area to buy. Yet, I think it is still to early. Crude will likely find support at the...
Gold climbs higher on traders looking for safety, albeit crude, equities, the ECB or Greece. As what was considered a year for the “secular” bull market to continue higher, 2015 is looking to start the year rather tumultuous. In “Gold $1,200 – A Line in the Sand,” gold began to form a descending channel after breaking through the previous ascending channel. I...
For the past few months, the one silver lining to the energy complex - with crude oil plummeting to levels not seen since 2009 - was nat gas, which soared to the mid-$4s in early November on expectations of a brutal polar vortex for the second year in a row sending heating demand surging. Well, so far the "harsh" weather, which was blamed for the epic collapse in...
I expect some more downside to come. UNG gap filled @ 18.66
Overall Weekly Outlook for Natural Gas. I am expecting a bullish move during the week starting Dec 15th - Dec 19th 2014. Entry Signal will be shown on the hourly chart To follow me, add me on twitter @fxtigerfx