Trans Canada (TRP) Bullish Engulfing Trans Canada Corp (TRP), a Natural Gas Utility made a bullish engulfing pattern on Friday June 6th. On weekly chart TRP has been on an uptrend since March 2009. The trend line is conventionally drawn by connecting the lows, which includes the flash-crash low of first week of May 2010. Since June…
NatGas Trades May 9th closing price of ERX tells us that it is time to close all Natural-Gas / Energy trades that we entered in late January. Previous closes produced good profits – see here, here and here. Exit ERX – Direxion Daily Energy Bull 3X Shares ETF – at or around 105.90, the close on May 9th ERX was entered on Jan 24th…
The Natural-Gas / Energy trades are shaping up pretty well this year. So far we have banked profits in four trades (here and here). Now is the time exit one more. Exit XLE – Energy Select Sector SPDR ETF – at or around 93.82, the close on April 29th XLE was entered on Jan 24th at 84.33 and resulted in 11.3%…
Energy / Nat Gas Trades The closing prices on April 25th tell that it is time to get out of some more Energy / Nat-Gas seasonal trades that we put on in late January. Exit XES – S&P Oil & Gas Equipment & Services ETF – at or around April 25th close of 46.76 Exit PXJ – PowerShares Dynamic Oil & Gas Services ETF…
Natural Gas in particular and energy sector in general has a seasonal tendencies to offer profitable trading opportunities in late January / early February. Stock Trader’s Almanac has done an analysis and found that AmEx Natural Gas index, $XNG, usually rises between February and June. We have used our proprietary algorithm to find more profitable entry and exit points during this…
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