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 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…Continue
Added by Bryan Leighton on January 23, 2012 at 12:17pm — No Comments
The stock markets are flat today after mixed data across the globe. Overnight, China gave the futures a push after reports showed inflation cooled slightly. The consumer price index rose 4.1% in December in China. Overnight, the Dow Futures had been higher by over 100 points. This morning the ECB disappointed the markets when they held interest rates at 1%. Traders had been hoping for a more dovish ECB. At 8:30am ET, Jobless Claims were reported at 399,000. This was a jump from last week and…Continue
Added by Bryan Leighton on January 12, 2012 at 12:42pm — No Comments
Yesterday, the markets surged higher hitting the key SPDR S&P 500 ETF (NYSEARCA:SPY) $129.50 level. This resistance level was solid and sure enough the markets are pausing today. Volume remains amazingly light in this new year. In addition, even with a strong Dollar the indexes have continued to hold near their multi month highs. This tells intelligent traders there is likely another surge higher coming. Once the $129.50 level is taken out, $132.00 - $133.00 is the next…Continue
Added by Bryan Leighton on January 11, 2012 at 1:51pm — No Comments
After some early selling, the markets have floated back to the positive side. This is not surprising as light volume plays a key role in an up market. In addition, the S&P 500 broke out of a triangular range yesterday. This means further upside in the next week is likely. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $127.58, +0.09 (+0.07%). The action today is known as consolidation. This is also a bullish signal for the next week with an upside SPY target of…Continue
Added by Bryan Leighton on January 4, 2012 at 12:54pm — No Comments
WTI oil has now traded above $90.00 a barrel since late October 2011. While high energy prices used to signal global economic demand and strength; it is still a direct tax on consumers. These days high oil is affected by geopolitical events, weather, and the obvious action in the U.S. Dollar Index. At this time, oil has a war premium built in due to the Iranian threats and sanctions in the Middle East. Since 2008, whenever oil has traded around the $100.00 level for any considerable…Continue
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
Yesterday, an article was published from yours truly discussing the recent massive move up in oil. The United States Oil Fund LP (ETF) (NYSEARCA:USO) had jumped over 30% in the last six weeks. The article discussed how money flow would start to cycle away from oil as the easy money had already been made and focus on natural gas and alternate energy like beaten down solar stocks. View article…Continue
Added by Bryan Leighton on November 17, 2011 at 11:39am — 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
In July 2008, WTI crude traded as high as $147.00 a barrel. This high price of crude at that time was straw that broke the camels back. Many traders and investors believe that the bankruptcy of Lehman Brothers was the catalyst for the 2008 stock market crash, however, the high energy prices really started that sharp decline in the economy. This morning, spot crude is trading at $101.69 a barrel while the major stock indexes are all declining lower.
Added by Bryan Leighton on November 16, 2011 at 10:30am — No Comments