Post by
Indicator on Dec 13, 2023 7:30pm
Oversold ...
Could be the bottom, could be beginning of sideways firming, but no strong sign of turn up just yet.
Headlines driving market.
Trouble is when NVA turns, like others have said, it's likely to move fast, so I am ok (so far) buying in here and waiting it out through tax loss season.
Jan/Feb is *typically* begining of seasonal strength for Oil.
Good luck.
Comment by
Sugaree on Dec 13, 2023 7:54pm
Gotcha. Move up fast, kinda like how everything moved down fast, lol. The drops in O&G stocks is shocking. I do think sideways may be where things roll for a bit.
Comment by
Sugaree on Jan 05, 2024 10:28pm
Indicator, if you are around, what are your thoughts? A few weeks of sideways consolidation and moving toward strong season. I am still on sidelines but think it may be close to time. Hate to miss the big shot up outta nowhere, lol.
Comment by
Carjack on Jan 10, 2024 9:49am
With the recent stretch we should be pushing to the 11.70 range as cold sets in and stays for the long term we haven't really discussed yet.
Comment by
Indicator on Jan 11, 2024 2:16pm
Start of what looks like a basing pattern. Short term swing range of $10.50 to $11:30 +/- I am holding a small postion in lower end of range and will add on any breakout. Lots of moving parts in this market but a bet on further unrest in Mid East seems a reasonable gambling bet for now. Happy New Year!
Comment by
Sugaree on Jan 11, 2024 5:33pm
I think moves in the entire O&G equity space depends on the price of oil and natural gas, more so oil. Most are barely above the December 12 lows when oil hit $68. If oil does that again soon before an equity recovery, then look out below for new lows. However, should oil climb to above $76 and towards $80, they will all recover nicely.
Comment by
Sugaree on Jan 25, 2024 6:48pm
Indicator, what are your thoughts on rccent moves in oil and equities, breakout or false flag?