USO while the middle east, the Houthi rebels and the Suez Canal shipping quagmire affect
oil liquidity globally and prices at the pump continue to be volatile the federal government
seeks contracts to restore the national strategic reserves depleted in the last supply demand
challenge while the presidential and congressional election cycle starts warming...
SDRL is a Scandavania / UK-based company supporting offshore oil drilling projects. On the
daily chart I have drawn a green support trendline and a red resistance trendline from the
higher weekly timeframe. Fundamentally- it has had two consecutive earnings beats. Per
Tradingview, the average analyst has a price of $45 as a target and technically it...
HAL being part of the energy/ oil sector has been down lately but after all in keeping
with the concept of buying low and selling high, it may be at a buying point. Here in the 4H
chart, I have set up two long term anchored VWAPs one at the swing pivot high a year ago
and another at a swing pivot low last October. As a result the chart has zones between the...
ERX is a leveraged ETF tracking the energy sector. On the 4H chart it has been in a downtrend
since mid-March. IT dropped to the bottom of the high volume area on the long term profile
as well as the lowermost VWAP band. Firday May 12th marked the reversal with buying volume
replacing selling volume and then a significant rise in price in the past week.
...
