Bullish on Commodities?
It's official. Nat gas is bullish in the short-term picture. How long will this uptick last?
Oil has been getting a nice boost the past couple of days. The trend in oil could flip to bullish pretty soon if we see a little more upside. Here is my TA for crude futures in the link below.
Worsening Geopolitical Tensions in the Middle East
Worsening Geopolitical Tensions in the Middle East
As always, I am not a financial professional, and this is not investment advice. Be careful and be patient. Dont anticipate the market. Rather, participate in the market. Don't invest money that you can't afford to lose. Give some of your investments time and know when to cut your losses.
Don't be greedy. Don't invest in anything you don't understand. Don't put all of your eggs in one basket. Don't listen to the hype. Don't fomo or panic into or out of trades. Do your own due diligence. And just follow the trends. A trend is your friend. Good luck trading.
$E-mini Natural Gas Futures(JUN4)(QGmain.US$ $Crude Oil Futures(JUN4)(CLmain.US$ $Brent Last Day Financial Futures(JUL4)(BZmain.US$ $RBOB Gasoline Futures(JUN4)(RBmain.US$ $United States Oil Fund LP(USO.US$ $United Sts Brent Oil Fd Lp Unit(BNO.US$ $Chevron(CVX.US$ $Exxon Mobil(XOM.US$ $Valero Energy(VLO.US$ $ConocoPhillips(COP.US$ $Phillips 66(PSX.US$ $Marathon Oil(MRO.US$ $Imperial Petroleum(IMPP.US$ $Heating Oil Futures(JUN4)(HOmain.US$
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小鸟凸人 : Can't go up, bearish
The Comeback Kid : Demand is not too bad, I would think some names like XOM and CVX have values
SpyderCallOP 小鸟凸人: Data on oil inventories released earlier. It is bringing down crude prices. But nat gas is holding up nicely after the Nat gas storage data was released.
Ray P : don't look now
SpyderCallOP Ray P: you talking about Nat gas? or crude?
SpyderCallOP Ray P: Nat gas was on a little dip. It looks like it wants to come back up now. And crude is still holding up. I wouldn't worry just yet.
SpyderCallOP Ray P: Nat gas and oil are ripping now to close out the week
72911989 : If you can't understand the rise in natural gas, you're a newbie who doesn't understand graphics
SpyderCallOP 72911989: What do you mean by "graphics?"
Why do you think natural gas is rising? Could it be supply and demand variables that change due to consumption, industrial processes, growth in global economies, environmental factors, and geopolitical factors? Economic data pertaining to nat gas has been known to move the price on occasion.
Or do you think these candles randomly move up and down on the charts arbitrarily?
SpyderCallOP 72911989: SpyderCall :Worsening Geopolitical Tensions in the Middle East
Worsening Geopolitical Tensions in the Middle East
This post from several days ago will give you a little insight into some of the upward pressure on commodities, especially oil.
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