The obvious bullish "Energy trend" continues since it's 12/20/21 low. Is the no brainer trade getting too easy? How long will this Energy uptrend continue? Well, it's all up to Wallstreet, underlying macro-economic factors and geopolitical events. Usually trends last about a month at a time but might as well stay on the bandwagon until the easy Energy trade reverses. Here's important levels on the 1 hour chart:
GUSH Holdings: Dreyfus Government Cash Management Institutional Shs DGCXX 35.38% Financial Square Treasury Instruments Fund FST Shares FTIXX 10.55% Callon Petroleum Co ORD CPE 1.86% Devon Energy Corp. DVN 1.81% SM Energy Co. SM 1.77% Diamondback Energy Inc. FANG 1.72% APA Corp. APA 1.67% Marathon Oil Corp. MRO 1.66% EOG Resources Inc. EOG 1.57% ConocoPhillips COP 1.52% Murphy Oil Corp. MUR 1.49% Ovintiv Inc. OVV 1.48% Occidental Petroleum Corp. OXY 1.44% Pioneer Natural Resources Co. PXD 1.43% Chevron Corp. CVX 1.42% Continental Resources Inc. CLR 1.39% Range Resources Corp. RRC 1.37% Matador Resources Co. MTDR 1.36% PBF Energy Inc. PBF 1.34% Exxon Mobil Corp. XOM 1.34% Antero Resources Corp. AR 1.33% Hess Corp. HES 1.33% Coterra Energy Inc. CTRA 1.33% HollyFrontier Corp. HFC 1.32% Marathon Petroleum Corp. MPC 1.29%
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation
7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.