Hottest July.. NG did keep a bullish pace with the amounts of WELLS producing.. A trader could have earned 125% trading UGAZ on the dipping cycles since July to Aug.. For the producing sector 2.7 to 2.9 trend pace for solid month is outstanding. For a trader without knowledge of trend cycle tends to outline a MM overview.
When NUGT exploded a few days ago, my outlook was what the F is Bighorn doing. So.. listen up.. Boom baby boom.. Hope all is well
To all.. We are generating out web site.. powerburn is closed and has been for over a year. New site has data feeds from many avenues, Platts, NGI and many more. A member will have two years of data back tracking and new data posted by the hour 24/7.. We will release within a month, small fee will be required to help offset the cost of data. It's a energy pool web site with data feed.
The penultimate September contract peaked 22 cents shy of
Tuesday’s 42.90, high print, bottomed within 40 cents of a $39-handle, and finished 8 cents below our 40.88 weekly
lower inflection point at 40.80, down 1.82 points on the
As far as today’s last session in the September goes, a
drop below our lower tipping point at 40.43 alerts to
weakness towards our 40.06 inflection low. Below here
we look for support at our 39.35 intra-week low. Then
again, strength above our upper tipping point at 41.18
opens the door to our 41.55 inflection high. Through here
we will look for resistance to hold at our 42.31 intra-week
Let mother nature perform her stylish storms activity in Atlantic to Gulf States.. We at Cat #1 phase.
Smart Energy trader loaded the bottom dip, sits back and enjoys the loaded gun overview. WSI on the spot, two forms Atlantic storms and more behind. Long overview NG 3.1 before 2.4.. This trend should free some long puppets from holding...
2.8 million jobs create 2014 via oil fields. Jan to Aug lost 70K in oil field jobs with expected -30k to add towards end of 2015. USA produces a barrel at $22.00, the love of the down trend is not hurting production. Balance point between economy and energy. Overview energy now.. If the sector becomes to punish the working hands and jobs are lost. What benefit does USA overview on low energy.. NADA zippo.. Lay off the Oil to Gas sectors, the housing market will begin to tank, there are short down falls. Load the F ing boat on Oil sector..
As far as today goes, a drop below our lower tipping point
at 2.751 alerts to weakness towards support at our 2.704
inflection low. Below here we look to see if Bulls can hold
support at our 2.61 intra-week low. Then again, break
above our upper tipping point at 2.851 opens the door to
our 2.902 inflection high. Through here we'll look to see if
Bears can stem the tide at our 3.005 intra-week high.