30
May

Wrap – Week Ended 5/28/21

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Solid week with the ZLT outperforming the group and energy indexes.

Holdings Watch:

Free Stuff Last Week:

Questions and comments under The Wrap will be addressed in the Tuesday post.

Questions about the site can be directed to zman@zmansenergybrain.com. Test drives are available.

Have a great weekend,

Z

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9 Responses to “Wrap – Week Ended 5/28/21”

  1. 1
    zman Says:

    Highest mogas prices for Memorial Day Since 2014

    https://www.eia.gov/todayinenergy/detail.php?id=48156#

  2. 2
    zman Says:

    On this day we honor Pop who was a navigator in a B17 over Italy. We miss you a lot sir. We also thank you and all service members for what you’ve done for us all.

  3. 3
    zman Says:

    OPEC+ JTC has begun.

    OPEC+ meeting still set for tomorrow. No big changes expected although more chatter about Iran highly likely.

  4. 4
    Zorgnak Says:

    XOP O&G Breaking out above May value area on light volume…Demand volume supportive of higher prices.
    https://i.postimg.cc/gJpQRxnC/xop.png

    MGY High volume breakout of May value area. Extended short term now. Demand volume supports higher prices…..
    https://i.postimg.cc/x8MJH68R/mgy.png

    BCEI Working off extension by consolidating after high volume break out. Next breakout level at 43.81.
    Demand volume supports higher.
    https://i.postimg.cc/BbBZ4ktd/bCEI.png

    LBRT Still setup for higher after breaking above May value area high.
    https://i.postimg.cc/vmzZRDSG/LBRT-1.png

  5. 5
    crysball Says:

    And we want to remove sections …….low naive.

    https://www.dpa-international.com/topic/iaea-iran-produced-2-4-kilograms-highly-enriched-uranium-urn%3Anewsml%3Adpa.com%3A20090101%3A210531-99-812796

  6. 6
    Zorgnak Says:

    STEM Trading in balance at it’s major acceptance level after becoming extended. Expecting more back and forth here.
    Key support at 23.Sellers at 28 on last three upside attempts.
    I still have it at 35% short?
    https://i.postimg.cc/mDgMJvj6/stem.png

  7. 7
    Zorgnak Says:

    Nat Gas Coming out of that consolidation nicely…3.06 atm. Change of character…
    https://i.postimg.cc/1zfDGPLH/ng.png

    AR..Ditto…consolidation..breakout levels nearby…Demand volume continues to support higher prices..
    https://i.postimg.cc/Hn2JGPqn/ar.png

    VEI Consolidating recent up moves..
    65 Minute Chart
    https://i.postimg.cc/y6QB5H59/vei.png
    Daily
    https://i.postimg.cc/7Z7kfTLM/vei-1.png

  8. 8
    Zorgnak Says:

    Solar ETF TAN extended now at major resistance/supply at 80.72… so far working it’s extension off sideways around the previous weekly point of control at 79.38…I’d happy with a week more of consolidation…
    https://i.postimg.cc/c4tjmgnK/tan.png

    ENPH..The relative strength leader in solar. One of the few solar stocks to recover above it’s breakdown levels…Consolidating recent bounce around 145. Support at 137…Next major resistance at 172…Demand volume supports a resolution higher…if solar can keep it together..
    https://i.postimg.cc/wTsqmBx2/enph.png

  9. 9
    zman Says:

    WTI hanging out at $68.50

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