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

- ProShares Ultra Bloomberg Natural Gas Total since post: 779.59% | 30-day since post: 748.48% | 90-day since post: 853.75%

OXY

- Occidental Petroleum Total since post: -0.15% | 30-day since post: -4.5% | 90-day since post: -4.48%

CVX

- Chevron Corporation Total since post: -5.83% | 30-day since post: -6.54% | 90-day since post: -7.09%

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