7Baggers

Energy price is hinting a long down trend

Energy stocks are on their way forming the right shoulder now

By: 
👤 The Sarcastic InvestorCommunity Lead :) 
💬 610
   Feb 07, 2023

$boil price action is suggesting energy price is going to move way down. things like $oxy and $cvx are also on their way to break below some large moving averages. I'd be surprised if energy price can move up in the short to medium term.

Keep in mind that we're going toward a EV future and winter is almost over.


BOIL  
BOIL stock company logo
 - ProShares Ultra Bloomberg Natural Gas
  Total since post: 779.59%  |  30-day since post: 748.48% |  90-day since post: 853.75% 
OXY  
OXY stock company logo
 - Occidental Petroleum
  Total since post: -0.15%  |  30-day since post: -4.5% |  90-day since post: -4.48% 
CVX  
CVX stock company logo
 - Chevron Corporation
  Total since post: -5.83%  |  30-day since post: -6.54% |  90-day since post: -7.09% 
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Hi, I'm Shih-Min. I am a software engineer that deals with highly-scalable, distributed and fault-tolerant systems.
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