Oil and Natural Gas: Technical Analysis: The Pullback is Still in Progress

#oil #commodities #investing

Oil and natural gas companies are still pulling back. When will we bottom? Not exactly sure. I am patient and looking for a bottoming process/signal and will share it with everyone when that happens. The gold to oil ratio is still incredibly cheap at 1:28.

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[happytrees]

I’m only in most of my oil and gas positions since January. Not fun seeing gains disappear so quickly, but such is the way markets move. In a year or two I’ll only be wishing I had been able to accumulate more shares, I’m quite sure of that.

[margaretmills]

Thanks for the update. Holding on tight and not getting bucked off!

[sonnyboy]

A MONTH FROM NOW, YOU WILL WONDER WHAT YOU WERE WORRIED ABOUT. ENJOY THE RIDE! POPCORN TIME!

[joeys]

Andy and the other cheetahs out there.
I have a interesting pick for Oil & natgas, Predator Oil & Gas. small mkt cap
Only trades at LSE so don't know if it's accessible to most of you.

I suggest people research into this one they have 3 promising projects.

Good luck to all of you
And nothing goes up in a straight line so embrace those down days all part of the game

[tinogomez]

Tino's happy! He wants to buy many more positions.

[InlandEmpireDudes]

That Suez Canal situation may have just caused a bottom. Antero with the big upswing!

[brandonklosterman]

New lockdowns overseas aren't helping the energy sector. Hopefully all gets under control soon.

[drooyrich]

Hi Andy, I was waiting for this pullback .. energy etf XLE should find a good support at 42 ish .. thats were I plan to re load on energy stocks .. I have still a portfolio well exposed to them .. but now waiting for a pullback and better prices .. cheers

[rsauce]

Andy, Have you heard of SNPW Sun Pacific Holding Corp?

[r.s.]

I am down 70k in the past couple of days on commodities. Still up on the year 10%. Disappointing to me. I thought 2021 would be the banner year without major pullbacks. Hoping to be up 33% for 2021 - still have lots of time, we only 3 months in.

[augustuscaesar]

What do you think of Argentinian companies like YPF?