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Incredibly low now. Even averaging down has been in error. Maybe
NRGD potentially best outperformer in oil sector as producers increase production...
Aggressive bids. We’re going to find out.
Looking tasty but my last ride through here was much cheaper. Hmmmmm
What a fantastic reversal here. Not a bad way to close out a Friday.
Probably going to be a housing crash.
https://schrts.co/fCzhNfGu
Fairly steep ascending wedge atm. One way or another, this next run has to be the blow off top.
Well I’m guessing you’re interested in inverse so then what would you expect to cause a reversal to the downside?
I raise you this.
https://www.cnbc.com/2022/04/28/oil-markets-china-fuel-demand-outlook.html
Also be aware that Barklays plc had a problem with several products ETNs.
IMO, next catalyst is this.
https://www.reuters.com/business/energy/us-awards-contracts-30-mln-barrels-oil-sales-strategic-reserve-2022-04-21/
First reserve releases beginning in May.
Watching for wtic breakout of pattern.
Announcement of keystone project being brought back from the dead would/will have this sky high. In the interim, I’m hoping for the reserves to have a large enough impact that this starts trending upward.
Those oil companies just dont come down
Solid day here. Looking forward to a continuation.
Looks like 1:50 split is complete.
With lawmakers grilling oil execs this week, we could see a sharp turn around. Just my opinion though.
I am out of GOLD and CRUDE.
Don't look happy to be here!
https://schrts.co/BkMJinJg
180?
Oil is happy at $110.
Feb. 24th Price ~$90
Russia ~40% of market.
Target Price ~$180 then a reevaluation of market supply as trades are consolidated. Cure for high prices!!!
Have your trades ready for the Powell Crash!
I was going to split between DRIP and NRGD.
Which is better? $SCO, $DRIP, or $NRGD
For now $120 to $130 is price with US banning purchases Russian CRUDE.
The top? Recent high $130.50
We need good news. U.S. reopen Keystone. Venezuela increasing supplies. Iranian nuclear resolution.
$150 is possible. I would shoot for $140.00 as top. That is when you start to leverage in DRIP and NRGD. Look for the first leg down to $90.00
Looking at DRIP as well.
Great to trade here for sure. Best of luck
Took another bite today. Is it safe to assume that the price movement here lags about one day?
Agree. All about timing this one.
Be ready. We are looking at $90 $100 and $110 CRUDE.
But this Ukraine issue could blow over at any moment. As soon as there is word that there is an understanding, you had better be IN!!
If that happened tomorrow 2/15, CRUDE would head from $90 to $65. That would take some time. Perhaps 6 months. Meanwhile, NRGD goes ballistic.
CRUDE 30% NRGD 90%.
Keep your ear close to the radio.
Thanks and I am in the same boat, been a long time since visiting here. Best to you.
I just grabbed a position here. Haven’t traded this for a very long time.
GL
Watching for an entry...thoughts? Thanks
Seems like a great time to buy into this one.
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