$NATGAS September contract has historically been one of the most bearish contracts. We will soon find out what will happen this year. The supply is record high. Selling the rallies near strong resistance levels (upper bound of one-month trading range) is reasonable. Good luck to all!!! ...
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$BABA (Alibaba) $OIL $NATGAS $XRP Follower Update! Hallo Etorians, nach einem schönen Anstieg in Öl rechne ich spätestens Freitag mit einem kleinen Ausverkauf oder einer Korrektur. Zusätzlich Positionen in Xrp, Alibaba & Natgas eröffnet. Alibaba sollte weitesgehend vom Handelskrieg verschont bleiben da das Hauptgeschäft in Asien abgewicklt wird. Xrp scheint einen Boden bei 0,45-0,50 $ zu bilden. Bei Gas hoffe ich auf einen weiteren Rückgang & bis dahin sind Rückerstattungen nicht verkehrt. Happy Trading! Dome2012 ... Translate
Very unexpectedly $OIL price rise over standard deviation for current market conditions. Very likely hedge funds and speculators have closed short positions massively as new maker OPEC meeting has gone and market turning back to long term up trend. For the moment strongest threshold for oil growth is trade war and slow down in world economy on this case and last couple of weeks shows that oil moved lower alongside with stock market <a href="/markets/spx500" class="e-link">$SPX500</a> . Therefore I consider this appeared correlation that reflect downside mutual movement, as only one material side of events that seriously can change upside trend in oil price fluctuation. In general I still bullish in oil but reduced position in oil companies to pre stratigical minimum, and will slowly but surely to sell it depending on market conditions (my minimal level of stake in oil companies is 20%), As I stated earlier I expect stock market significant decline next 12 months, and my indicators signaling that risk falling into recession is closing to 30% for next 12 months . It is pretty high but don't means that it is time recklessly start to open short position waiting for Armageddon. Trading is combination of possibilities and long term thinking without dogmatic interpretation of any even very reliable signals. In <a href="/markets/natgas" class="e-link">$NATGAS</a> going to be period very extension of contango that will return refunds to historically justified level 30% per annum and plus I do expect 20% decline to year end so I consider it as main profit source and besides if recession risk will materialize <a href="/markets/natgas" class="e-link">$NATGAS</a> will be leader of negative decline so I expect that portfilio will be in growth mode in a case of bearish trend in stock market. Very long term I do expect <a href="/markets/natgas" class="e-link">$NATGAS</a> 1,5 as part of super cycle minimum for next 2 years. Cheers. Have a great weekend ! ...