OXY: 3 Line Strike If The Week Closes Like ThisWe have 2 instances of MACD Bearish Divergence along with some RSI Divergence and a potential for there week to confirm a Bullish 3 Line Strike if the weekly can close below the last 3 bullish candle bodies. Based off of this i think Occidental Petroleum will be coming back down to $35.00
GAS
Natural gas one more low then we explode to the upside We've been tracking this C wave for some time now and it finally looks like we're getting the wave 5 of C which should finish somewhere around the $5 area. Once we reach this price point we will be going long with an ultimate target of $15 which is a HUGE trade.
sell on usoilrocky week for oil as China has made the decision to keeo the COVID zero policy. The lockdown in China is causing demand fears for oil along with recession fears as the Fed did yet another interest rate hike and the Dollar oars.
USOil is creating a double Top you can continue to hold long turn. The last leg formed took only 10 days to form. Or do shorter term hold taking a TP at 86.00, 84.50
$USOIL $97 short-term target 👁🗨*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*
Hello fellow traders and investors! My team isn't expecting oil/gas demand to slow down anytime soon. A long-term target of $132 and beyond is on the horizon. Ever since the war in Ukraine began the Biden administration has been trying their hardest to keep prices down by releasing war-time oil reserves periodically. This is a temporary solution, and my team believes that it will eventually lead to a blow off top. Raising interest rates seems to be the feds only solution to combating the situation, yet it has become evidently clear that they have no idea what to do and whether or not this will actually solve the issue.
These are just our thoughts surrounding the situation and things could change quickly with the emergence of new information. We hope that this helps!
!! This chart analysis is for reference purposes only !!
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XNGUSD - NGAS NEXT WEEK MOVEGas this week had a strong bullish movement, and I expect it to complete this movement next week, with a correction that may target 6.40 levels, from which it may launch towards 7.0 levels.The gas has been in an ascending channel for 11 days, but will it breach it and rise towards the 7.0 levels? We wait next week to see what it has in store.
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NATGAS Looks Bullish! Buy!
Hello,Traders!
NATGAS was trading below
A key horizontal level but now
We are seeing a bullish breakout
So I am bullish biased locally
And I think that after the retest
We will see more growth
Buy!
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✅NATGAS SWING SHORT🔥
✅NATGAS violated the rising support recently
And went down just as I predicted
In my previous analysis but the price
Went up in a bullish correction
To retest the resistance from where
We are already seeing a bearish reaction
So a bearish continuation is to be expected
SHORT🔥
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$USOIL bullish? bad for stocks? 👁🗨*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*
Higher crude prices next week could resurge interest rate hikes and more hawkish talks from the feds. Probability of the dollar breaking its current macro uptrend is very low.
!! This chart analysis is for reference purposes only !!
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BOIL | Winter is Coming | Nat Gas ETFThe fund seeks to meet its investment objective by investing normally in Natural Gas futures contracts. It may also invest in swaps if the market for a specific futures contract experiences emergencies (e.g., natural disaster, terrorist attack, or an act of God) or disruptions (e.g., a trading halt or a flash crash) or in situations where the Sponsor deems it impractical or inadvisable to buy or sell futures contracts (such as during periods of market volatility or illiquidity).