Natural Gas Futures are down nearly 8% this morning NFTRH 734 had this to say about Natural Gas, along with a chart that showed critical support that is giving way this morning: Natural Gas had better hold here or it’s probably cooked. I don’t know that another buy at 5.50 would work out so well. Also, the seasonal is negative now for Gas. This chart … Continue reading Natural Gas Futures… U.G.L.Y.
The Energy sector ETF is still in consolidation And I am still short the “last inflated man standing”. That could be for as long as it takes XLE to bust to the upside <sad face> or, if it does as it ‘should’, drop out of the Diamond to at least support at 83, if not lower <glad face>. For “best of breed” top down analysis … Continue reading Energy sector ETF (XLE) Diamond consolidation unresolved
The Energy sector ETF (XLE) continues a would-be topping situation Why yes, I got clowned a little last week as I was compelled by my personal psych profile and risk management to take a much smaller profit on Energy short ERY than had I done it a day earlier when I made this post. But on Friday per the trade log… Well, I shorted the … Continue reading Updating the “last inflated man standing”
 And so a perfectly good topping situation is wrecked. Or is it? Today’s chart would show the potential for a reverse Symmetrical Triangle topping/reversal pattern. But it would also show potential to ding a new high before topping. Regardless, my outstanding profit is now a minuscule one and I’ve taken it on half the position and probably will on the remainder. I generally don’t … Continue reading “Last inflated man standing” feels a bit of heat [w/ edit]
Where is the risk, in gold or crude oil? The gold price has been deflated by the oil price to an extreme degree since 2020. The trend in the Gold/Oil ratio was up prior to the big panic and blow out and all of that risk has been bled out, for a positive relative view of gold vs. oil. Risk/reward is not a timer, but … Continue reading Q: Where does the risk lie?
The Energy sector is vulnerable from technical and macro fundamental perspectives Technically, the Energy sector (XLE) is overbought by its distance from the daily SMA 50. RSI and MACD are starting to look like a potential roll over. But most importantly, the Energy sector is intact and trending up! It’s a bull market, after all. However, with momentum weakening and the ongoing NFTRH view that … Continue reading Energy sector is vulnerable
As we step toward a counter-cyclical macro, the fundamentals will finally improve for gold mining From a June 19th interview I did with with Jordan Roy Byrne with respect to gold stocks, Energy and the proper macro fundamentals for the gold mining sector: In my experience gold stocks will… they can paint ugly charts and then follow through on those ugly charts. But when a … Continue reading Gold miners watch the “last inflated man standing” start to fail
The Energy sector cracks hard Technically, it is still a major uptrend (by the rising SMA 200). Functionally, it looks like hell. Oil, Gas and the Energy complex were the last inflated men standing, as I’ve been noting for months now. A lower low in XLE would seal the deal. Federal Reserve: winning, duh… * * Not really. They are the ultimate Wrong Way Corrigans. … Continue reading ‘Last inflated man standing’ needs a crutch
Natural Gas futures down nearly 18% in one day The heading above tells why. I am just not wired for this kind of volatility. This could well be a buy opportunity at a higher low, however. That is the kind of thing I could buy in a wild commodity like Gas. A buy as close as possible to 6.50 and a tight stop below that … Continue reading Why I left NatGas alone
From NFTRH 708’s Commodities segment… Gas on the other hand, while bullish, has a chart that is more suspect. There is a negative RSI divergence and a bad looking MACD. Okay, now watch it blast upward 10% tomorrow. ;-) Ladies and Gentlemen, I give you NatGas futures at +9.23% today. Ha ha ha… For “best of breed” top down analysis of all major markets, subscribe … Continue reading A little gaseous humor compliments of NFTRH 708
WTI Crude Oil fans along on its bullish way Back in April we (well, NFTRH) identified WTI in a bullish looking consolidation spiking above and below the SMA 50. I wanted to buy USO but first had to check to see if this sometimes inefficient oil tracker was doing its job. The ratio of USO to WTIC shows that it has been doing its job … Continue reading Crude Oil breaking consolidation
That is what this reflation has, a lack of participation from the Energy patch. Daily XLE is trending down by both of its key moving averages. It is curling below the SMA 50 and it’s cooked if it loses 34. Weekly XLE is a classically bearish chart, having bounced to strong long-term resistance before dropping anew. Monthly XLE shows more clearly how heavy that resistance … Continue reading A Lack of Energy
 He is actually looking for other research viewpoints in order to refute or confirm the information in the report below. A global fund manager I do some work with requests a good Oil & Gas newsletter source. By “good” I don’t some some schlep who was promoting PEAK OIL!!! or other such oil price/supply obsessive. I don’t mean someone who is known or famous … Continue reading Request: A Good and Reputable Oil & Gas Authority [w/ edit]
With reference to the vigorous bounce in the Energy sector (plus 7% today after yesterday’s rise)… NFTRH had this to say in an impromptu Energy segment over the weekend in NFTRH 597. Eating my own cooking, I have positions in XLE, CVX and XOM.  Profit taken on XOM, w/ XLE & CVX still held. [edit 2] and CVX makes two, given stock market’s increasing … Continue reading NFTRH eats its own cooking with Energy [w/ edits]