[Energies] Crude oil to 35 by end of this summer(65 unlikely); Natural gas likely to 2.2-2.5$ | Yearly, Monthly, Weekly, Daily view - 21 July 2017
Crude expecting to go to 35 in this quarter.
If it goes above 50 and 52, good signs of a positive market.
A good look on weekly chart:
On ukoil(brent crude, similar figures)
In regards to Natural gas, on Monthly Chart, it looks that it is at the edge. From here it can go either up or down.
If the price of Natural gas is going to be correlated with crude oil, then a price of 2.2 or even 1 can be expected in the next 2 years.
In the next couple of weeks, the conclusion can be seen:
The trading range favors a potential short entry instead of long:
A good buy above the area of 3.15, and a good sell below 2.85.
Trading ideas:
Buy at 3.15, sl 3.01 or 2.95, tp1 3.40, tp2 4.5 r/r ratio 1-10, Success rate 60%, Entry chance 40%
Sell below 2.95 tp 2.87-88; sl 3.05; Sell below 2.85, tp1, 2.50-55, tp2 2.2-2.3 sl 2.90; r/r ratio 1-5; Entry chance 60%
Feel free to upvote and comment!
I was really into 3x leveraged ETF's for oil and Natgas the past few years as they were soooo volatile! Now I'm trying to learn the crypto market as it reminds me of what happened with MJ penny stocks in the winter a few years back only those are mostly scams while crypto (some types) are the real deal and the future.
I'll read up on yOur posts a bit more when I'm not at work lol. I'm being bad and social mediaing when I should be working right now lol. Happy trading!