FTSE ST Oil and Gas Index: 25 June 2018, Monday, 12.05pm Singapore Time

FTSE ST Oil and Gas Index:
25 June 2018, Monday, 12.05pm Singapore Time

(Click on Technical Chart above to Expand)

Attached is the Technicals for FTSE ST Oil and Gas Index. It is the technicals reflecting the Oil and Gas (O &G Sector) trend. The series of red and green circles illustrate how the Oil and Gas Sector transited stealthily from a long term downtrend to a new long term uptrend. The price structure is large scale, so the upmove brewed will be large in scale. The sector is using current trade war fear to execute a treacherously deep backtest of resistance-turned-support band as illustrated on chart. The next expected upmove is illustrated by the dark brown trajectory. The Orange circled region is where new uptrend had been confirmed in early 2018. The oil and gas sector worldwide has just switched from winter to spring. Worldwide bull market has plenty of legs and plenty of upside. This backtest of supports worldwide is completing soon, and had achieved confirmation by using fear. Outlook: Bullish Bias.

Related Analysis of Today (USD Index):
http://donovan-ang.blogspot.com/2018/06/the-us-dollar-25-june-2018-monday.html

Donovan Norfolk Ang

FTSE ST Oil & Gas Index: 20 April 2018, Friday, 3.08pm Singapore Time

FTSE ST Oil & Gas Index: 

20 April 2018, Friday, 3.08pm Singapore Time

(Click on Technical Chart above to Enlarge)

Attached above is the Technicals for FTSE ST Oil & Gas Index with focus on the volume flow. The 2 green rectangular regions were my live fore-warnings back in 2016 preempting that crude oil will readily double from $30 a barrel -- the regions where the herd majority were concurrently shouting for $10 or $20 per barrel of crude oil. Thereafter, crude oil markets got supported and buoyed up using the exponented moving average band as supports, something that I had forewarned back in 2016 to happen as well. These price actions in the crude oil market have successfully been enacted. In the recent move, there were secret high volume buys without moving prices much. This means a large majority of the herd sold away their crude oil stocks. They will be too shameful to buy back at higher prices. This means market has a lot of energy to rocket up to the sky for the energy sector.

Past Crude Oil and Energy Analysis:
http://donovan-ang.blogspot.sg/search/label/Light%20Crude%20Oil

Donovan Norfolk Ang

Highly Advanced Technical Analysis of FTSE ST Oil & Gas Index: 1 August 2016, Monday, 1.58am Singapore Time

FTSE ST Oil & Gas Index: 

1 August 2016, Monday, 1.58am Singapore Time

Highly Advanced Technical Analysis:

If you see this set-up of a very long bullish engulfing of everything before it, followed up with a very long bearish engulfing, it means the market (for oil and gas in this case) is ready for a long term reversal to bullishness but in the short to mid term (6-9months), it is not ready for the reversal yet. This means a final bottoming phase is in place for the oil and gas sector/stocks worldwide during this 6-9 months from February of 2016. 

This is smart monies' testing of the market.

<< Inter-market Implications >>:
Oil currencies, Russian Ruble, Commodity currencies, Emerging markets' currencies, etc will start to gain strength for 2H-2016 and 2017. USD will correct down in 2H-2016 and 2017. Commodities will rally in 2H-2016 and 2017 because crude oil as the weakest link in the commodity pack also starts to bottom for strong dead cat bounce counter-trend rally. Stocks-equities markets worldwide will rally in 2H-2016 and 2017.

Donovan Norfolk Ang