from ChartWorks:: published by Institutional Advisors
The seasonal low in natural gas should be forming over the next two weeks. Look for the stocks to establish a bullish divergence (similar to oils in November) as part of this process.
As anticipated, oils have been leading the way on the upside since the seasonal high in natural gas prices was generated in December. Crude oil must hold the late December lows ($56.50) in order to remain in a bullish mode. With both seasonal patterns now moving into bullish mode we should be in the ‘sweet spot’ of the upside action in related stocks into the spring. The top of the momentum should be in place by March with possibly higher prices in May.
The opinions in this report are solely those of the author. The information herein was obtained from various sources; however we do not guarantee its accuracy or completeness. This research report is prepared for general circulation and is circulated for general information only. It does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. Investors should seek financial advice regarding the appropriateness of investing in any securities or investment strategies discussed or recommended in this report and should understand that statements regarding future prospects may not be realized. Investors should note that income from such securities, if any, may fluctuate and that each security’s price or value may rise or fall. Accordingly, investors may receive back less than originally invested. Past performance is not necessarily a guide to future performance.
|Home :: Archives :: Contact||
September 15th, 2019
© 2019 321energy.com