19
Jun

Wrap – Week Ended 06/18/21

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Zman's Energy Brain - Online Energy Research - 6 days a week  since 2006 (see that calendar of posts at left scroll down ... way down) - (upstream analyst since the 1990's).  Oil, natural gas, oil service, and select renewables.  

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Holdings Watch: 

  • We closed a fairly long held position in FLMN this week, up 22% excluding dividends.
  • We added to a new Oil Service name and an EV play.
  • The Blotter is updated. 

Recent Posts - it may be summer but we're keeping busy

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Best,

Z

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7 Responses to “Wrap – Week Ended 06/18/21”

  1. 1
    Zorgnak Says:

    S&P Futs….Trading below major acceptance at 4182…Breadth and demand volume negative. Next potential support around 4120 at April-May’s value area lows. Money not leaving the market though…Tech/Growth rotation last week…
    https://i.postimg.cc/sxs1MC56/es.png

    riffing of Z’s comments on the DJIA late Friday…
    As a fun exercise I ran a back test (hypothetical) on taking a mechanical trade on the next open of the S&P when it dips to this degree while still above it’s 200 MA…and then selling the bounce after a measured amount..
    Result below..
    https://i.postimg.cc/k4KQPwg9/spy.png

  2. 2
    Zorgnak Says:

    BCEI Trading in the price volume gap…88.56 is potential support at May and April’s value area highs and recent breakout levels.
    https://i.postimg.cc/9MGvQrP9/baa-cei.png

  3. 3
    Zorgnak Says:

    AR VEI SWN all traded to levels of interest/support…AR and VEI showing relative strength in O&G.
    AR Held Value area lows for June..Traded up from open..
    https://i.postimg.cc/fT0Ytmt1/ar.png
    VEI Found buyers above defined support at 14.20..Trading up from the open.
    https://i.postimg.cc/MpStzdP9/vei.png
    SWN Traded to defined support..
    https://i.postimg.cc/MKkmY9Sz/swn.png

  4. 4
    Zorgnak Says:

    Solar ETF held above the important 80.50 levle mainly on the back of ENPH…Only three of eighteen solar stocks green in the group on Friday….Group and most of the stocks trading in heavy congestion. MAXN RUN ENPH NOVA relative strength leaders…
    TAN
    https://i.postimg.cc/3r98TxK6/tan-1.png

    ENPH Demand volume remains strong. Stock is extended now coming into resistance at 172.50, previous post earnings breakdown level..
    https://i.postimg.cc/90DNKbXc/enph.png

    MAXN trading above major acceptance after breaking from it’s 4 week bottoming base…Demand volume flat now…
    https://i.postimg.cc/sgmqBvLd/maxn.png

    RUN Strong price and demand volume strong in multiple time frames last week. Trading in heavy congestion. Potential support at 48.50 if it dips..High short interest..
    https://i.postimg.cc/J0cVPKpt/run.png

  5. 5
    Zorgnak Says:

    Crude Oil Futs..Demand volume flattening but still positive out after price became extended in nearly every time frame from hourly to weekly. Unlike the metals, so far it looks like consolidation.
    Daily
    https://i.postimg.cc/MHhMm6rz/cl2.png
    65 Minute..Strong reversals on the past two tests below 70 this month..
    https://i.postimg.cc/FsrswJ3w/69-78.png

  6. 6
    Zorgnak Says:

    NG Futs…Demand volume flattening out but still supportive…Acceptance has been higher each week since late May and seven out of eight weeks since April adding support for any down side test…
    https://i.postimg.cc/j200KBDM/ng.png

  7. 7
    Zorgnak Says:

    Noting…
    GP High volume rejection of major acceptance at 18.40….Getting traction..headed higher..
    https://i.postimg.cc/SN0kQJXN/GP.png

    PTRA On conversion broke support at 18, resistance now.
    https://i.postimg.cc/3wWfsFFS/ptra.png

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