Energy price is hinting a long down trend
$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 42.74% since post
CVX - Chevron Corporation 5.2% since post
OXY - Occidental Petroleum -0.93% since post
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The Stockguy
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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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