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We have been traveling. Enjoy the rest off the long weekend.
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Questions under The Wrap will be addressed in the Tuesday post.
Questions about the site may be directed to zman@zmansenergybrain.com
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We have been traveling. Enjoy the rest off the long weekend.
.
Questions under The Wrap will be addressed in the Tuesday post.
Questions about the site may be directed to zman@zmansenergybrain.com
.
Crude Futures
Range bound between 109 and 122.
Daily
https://ibb.co/hV6Yvz8
65 Minute Chart…Short term resistance at 111. A break of the 111 level has an upside target 118.
https://ibb.co/M2FNXWQ
Nat Gas Futures Stabilizing at previous major acceptance. Low volume zone above leaves room for exaggerated moves in either direction. Defined resistance at 6.92 on a bounce, if when.
Daily
https://ibb.co/2kWZmXM
65 Minute
Short term value range between 5.72 and 6.72. Range bound after a steep selloff. Looking for consolidation in this $1 range.
https://ibb.co/HXPCFf9
XLE Energy sector bounced back to major long term acceptance (77) and previous value lows after the extreme price and volume selling on 6/23. Pulled back to value area lows/support on lower volume. Very wide value range around major acceptance and likely price magnet at 77.
Daily
https://ibb.co/QrhSLQV
65 Minute Short term support at 70. Resistance at 74.
https://ibb.co/pZvB6dG
XOP Similar to XLE. Back to very wide value range lows, 200 MA and low volume node support. Range bound in dense congestion going into July.
Daily
https://ibb.co/xqVnLW5
65 Minute Short term value range support/resistance 118-128
https://ibb.co/34KK6n3
OIH Rejected major long term acceptance at 222 as too low twice now. Friday was a strong reversal bar. Bulls need to see a close above current value area lows at 241 as a next step in recovery. Trading into a low volume zone above that level. Expecting range bound volatility between the two major acceptance areas.
Daily
https://ibb.co/n1Nnj4h
65 Minute
Broad Mkt.
S&P Futures Rangebound in a downtrend. Value area highs/lows 4010/3633. Demand volume still negative. A break of the value area lows targets 3550. Well defined resistance and heavy supply above the value area highs.
Daily
https://ibb.co/xmf1W47
Solar ETF TAN
Range bound below it’s previous yearly price/volume base. Demand volume supports test of long and short term value areas of interest around 75.
Daily 74.90 is the current value area high and major long term acceptance. A pivot point in a long grind higher.
Weekly Previous price volume base lows at 76. A weekly close above that level worth noting if accompanied with increased demand volume.
https://ibb.co/bRtcmPS
Thanks for the levels Zorg.