All of the leading natural gas stocks are catching a bid higher despite the broad stock market sell off. The natural gas stocks have been selling off sharply since mid-February. Devon Energy Corp (NYSE:DVN) is considered the best natural gas stock in the group. DVN stock is trading higher by 0.77 cents to $66.00 a share. Traders and investors can watch for intra-day resistance around the $66.60 level. The daily chart of DVN will have very good daily chart support around the $64.00…
ContinueAdded by Bryan Leighton on April 23, 2012 at 3:53pm — No Comments
All of the leading natural gas stocks are still trading in a confirmed down trend on the daily charts. This afternoon, these stocks are barely participating in the broad based stock market rally. Traders should note that the low natural gas prices have certainly hurt the leading natural gas stocks such as Devon Energy Corporation (NYSE:DVN), Southwestern Energy Company (NYSE:SWN), and Chesapeake Energy Corporation (NYSE:CHK).
The best stock in this group is…
Added by Bryan Leighton on April 17, 2012 at 3:45pm — No Comments
All of the leading energy stocks are declining lower this morning. The popular and highly followed Energy Select Sector SPDR ETF (NYSEARCA:XLE) is trading lower by 0.37 cents to $72.05 a share. Short term traders should watch for intra-day support around the $71.50 and $71.00 levels.
Most of the leading energy stocks that are coming under early selling pressure include Exxon Mobil Corp (NYSE:XOM), Devon Energy Corp (NYSE:DVN), and Chesapeake Energy Corporation…
Added by Bryan Leighton on April 3, 2012 at 10:57am — No Comments
All of the leading natural gas stocks are coming under some selling pressure this morning. Lower natural gas prices are definitely not helping these stocks. This morning, natural gas futures are trading lower by more than 2.50 percent.
Leading natural gas stock Southwestern Energy Co (NYSE:SWN) is trading lower by $2.14 to 33.22 a share. Short term traders can watch for intra-day support around the $32.30 area. Should the stock decline below that important…
Added by Bryan Leighton on February 28, 2012 at 10:48am — No Comments
Natural gas staged an impressive reversal this morning. Chesapeake Energy Corporation (NYSE:CHK) said they would shut down some of their natural gas production based on the current price of the commodity. This is a clear indication that natural gas has reached a bottom. Why? Because traders now have a firm price level where companies are going to cease natural gas exploration and production. At its level, natural gas is not profitable to companies. This means production will eventually fall…
ContinueAdded by Bryan Leighton on January 23, 2012 at 12:17pm — No Comments
This afternoon, the price of natural gas declined to another new 52 week low. This decline in natural gas comes despite the winter season being upon us. While the price of natural gas is extremely low, it is now affecting the natural gas stocks. Leading natural gas stock such as Chesapeake Energy Corp (NYSE:CHK), Devon Energy Corp (NYSE:DVN), and Southwestern Energy Co (NYSE:SWN) are all declining sharply lower. These stocks look as if they could have further downside in the near…
ContinueAdded by Bryan Leighton on January 11, 2012 at 3:56pm — No Comments
Natural gas has made a bottom. This bottom is likely a much longer term bottom. Price may double and even eventually triple. This move up coming in natural gas is partly fundamental and partly technical. It will be discussed below.
Natural gas is trading at a major discount to oil. Oil continues to hover around the $100 a barrel level. As oil has surged over the last few months, natural gas has fallen. This divergence in price movement should reverse and oil continues to pull back…
Added by Bryan Leighton on November 21, 2011 at 12:31pm — No Comments
As spot crude oil has pushed through the $100 level, the upside is somewhat limited. Oil is up over 30% in the last six weeks and with the global economy still weak, it is hard to imagine it will push much higher. Investors are searching frantically for the next big energy area. There are some obvious places that money should start to flow.
Natural gas continues to be the obvious answer to some easy money upside. The United States Natural Gas Fund, LP (NYSEARCA:UNG) is trading at…
Added by Bryan Leighton on November 16, 2011 at 1:35pm — No Comments
This morning, the U.S. Dollar Index futures (DX Z1) are soaring higher by 0.54 cents to $77.39 per contract. As we should all know by now, when the dollar goes up the major stock market indexes will go down. The markets deflate very quickly when the U.S. Dollar Index trades higher. The U.S. Dollar Index futures (DX Z1) will have some short term intra-day resistance around the $77.80 level.
Most leading commodity stocks such as Freeport McMoRan Copper & Gold…
Added by Bryan Leighton on November 4, 2011 at 10:53am — No Comments
Added by Bryan Leighton on August 25, 2011 at 3:57pm — No Comments
Added by Bryan Leighton on August 12, 2011 at 10:33am — No Comments
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