U over 133.00This has been beat up from earnings and looks ready to reverse based on the daily hammer candle and close over the 100 daily moving average, just formed due to the recent history of the stock, see the orange line. Interestingly this also looks ready to reclaim the upward channel from October and November of last year. Entry provided over 61.8% fib from all time low to high. U does not have weekly strike options which can make it difficult to play, fortunately this week the closest expiry are 2/19 giving us a chance to play it more cheaply.
D-AR
$AR bullish leading up to ERWe may have missed the initial move but looking to at least hit the top of the channel again at 8.50. This could move beyond with natural gas numbers looking very bullish. AR predicted $181 FCF for q4 on 26ish barrel pricing and it averaged 27.09. Also current pricing is indicated at 38.96 with the polar vortex. With ER on 2/18 I expect this to continue the trend upward.
Natural Gas --- ( 2 0 2 1 ) Swing TradeAlas! I am free to post what I want thanks to the help of everyone's contribution thumbs.
------------------------------------------
The Natural Gas setup for 2021 is not only fundamentally bullish, it's a technical trader's gassy dream.
Welcome to the G a s i n o.
Macro View
From a macro view we can see that prices are now at the bottom of a historically supportive range. The previous deviations that dipped below this range were due to the bearish sentiment as production was trending up. This is no longer the case. Sentiment has now flipped cautiously bullish as supply/demand balance is expected to remain tight.
Bullish Indicators
First, we can see the weekly MACD is decisively bullish and above the zero line. This confirms momentum is going to likely remain bullish longer term.
Secondly, looking at the Commitment of Traders (COT) report on the indicator below the MACD, we see that Asset Managers and Speculators are more interested in long positions than usual. Should be plenty more next year.
Thirdly, prices are maintaining above the 50 week EMA.
Not to mention the inverse head and shoulders that is under construction. You heard it here first.
The Trade Setup
Now, if we overlay two important contracts for Summer(orange) and Winter(blue), we can start extrapolating potential targets. Current prices for either one are at the bottom of the range. This is what large speculators are looking at. This is where I am going to start accumulating starting with Summer. In addition, I am also buying dips of EQT as producers will benefit from stronger prices over the next couple years.
Looking at the August 2021 contract, prices have broken out of the down trend.
Today, in anticipation of a large swing trade next year, I opened a starting long position on the mini contract (QGQ2021) @ $2.78
I welcome dips and estimate a sell target somewhere well north of $3.00
TBD
Trading is risky, don't do it.
Long EQT and
QGQ2021 +1 @ 2.78
Antero Resources Becoming BullishBuying and Selling Antero Resources at resistance and support. The stock price appears to be channeling between the purple lines. In addition, the stock price is moving along the 20ma after a pullback, once the stock price trade outside the upper bollinger band. Purchase between $3 and $3.60. Looking for a $4.50-$6 exit before a reload at the 20ma (in the coming weeks). IMO
The price bottomed at $.70 and ran to +$3 earlier in the year. Consolidated for several weeks and just finished the first leg of the second wave. Taking a look further back, the stock price appears to be making an inverse head and shoulders pattern. Thinking the price could see $8-$10 range heading into winter.
AR - DAILY CHARTHi, today we are going to talk about AR
We observe a D1, some important points. The details are highlighted above.
Thank you for reading and leave your comments if you like.
Join the Traders Heaven today, for more exclusive contents!
Link bellow!
Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should use it as financial advice
$AR RSI Trending Up - Bullish Unusual Options Activity$AR Antero Resources - Appears to have found a bottom around $9.00 in December. RSI is beginning to trend upward on the daily chart with price still moving relatively sideways. If oil can continue to recover as we move into 2019 I expect AR to bounce back well above $10 within a short period of time. Will monitor for a break above ~$9.90 resistance before entering. See chart for a couple medium term targets.
Additionally, there has been some bullish options activity today with over 38k Jan'2020 $15.00 strike (OTM lotto < $1) call options traded vs an OI under 200 for a total premium of $3M.
Note: Informational analysis, not investment advice.