Microsectors Big Oil 3x Inverse Leveraged ETN (NRGD)

Pop! Easy cash!

Incredibly low now. Even averaging down has been in error. Maybe

Loading!

NRGD potentially best outperformer in oil sector as producers increase production...

Aggressive bids. We’re going to find out.

Looking tasty but my last ride through here was much cheaper. Hmmmmm

Starter ;)

What a fantastic reversal here. Not a bad way to close out a Friday.

Probably going to be a housing crash.
https://schrts.co/fCzhNfGu

Fairly steep ascending wedge atm. One way or another, this next run has to be the blow off top.

Well I’m guessing you’re interested in inverse so then what would you expect to cause a reversal to the downside?

I raise you this.
https://www.cnbc.com/2022/04/28/oil-markets-china-fuel-demand-outlook.html

Also be aware that Barklays plc had a problem with several products ETNs.

IMO, next catalyst is this.

https://www.reuters.com/business/energy/us-awards-contracts-30-mln-barrels-oil-sales-strategic-reserve-2022-04-21/

First reserve releases beginning in May.

Watching for wtic breakout of pattern.

Announcement of keystone project being brought back from the dead would/will have this sky high. In the interim, I’m hoping for the reserves to have a large enough impact that this starts trending upward.

Those oil companies just dont come down

Solid day here. Looking forward to a continuation.

Thinning out nicely!

Looks like 1:50 split is complete.

With lawmakers grilling oil execs this week, we could see a sharp turn around. Just my opinion though.

I am out of GOLD and CRUDE.

Don't look happy to be here!

https://schrts.co/BkMJinJg

180?

Oil is happy at $110.

Feb. 24th Price ~$90

Russia ~40% of market.

Target Price ~$180 then a reevaluation of market supply as trades are consolidated. Cure for high prices!!!

Have your trades ready for the Powell Crash!

I was going to split between DRIP and NRGD.

Oil jittery as market weighs OPEC filling Russia supply gap

By Sonali Paul and Mohi Narayan

UAE officials give differing views on output plans
U.S. crude oil, fuel inventories fall last week, SPR at 2002 low
MELBOURNE, March 10 (Reuters) - Oil prices rose on Thursday in volatile trade following a sharp drop in the previous session as the market contemplated whether major producers would boost supply to help plug the gap in output from Russia due to sanctions for its invasion of Ukraine.

Brent crude futures were up $2.53, or 2.28%, at $113.67 a barrel at 0651 GMT after trading in about a $5 range. The benchmark contract slumped 13% in the previous session in its biggest one-day drop in nearly two years.

U.S. West Texas Intermediate (WTI) crude futures were up $1.64, or 1.51%, at $110.34 a barrel, after trading in a $4 range. The contract had tumbled 12.5% in the previous session in the biggest daily decline since November.

Uncertainty over where and when supply will come from to replace crude from the world's second-largest exporter Russia in a tight market has led to wide-ranging forecasts for oil prices between $100 and $200 a barrel.

"So to suggest the oil market is confused would be an understatement as we are in an unprecedented situation," said Stephen Innes, managing partner at SPI Asset Management.

Comments from the United Arab Emirates energy minister and the country's ambassador to Washington sent conflicting signals.

UAE Energy Minister Suhail al-Mazrouei said on Twitter late on Wednesday his country is committed to the existing agreement by the Organization of the Petroleum Exporting Countries and allies including Russia, together called OPEC+, to ramp up oil supply by 400,000 barrels per day monthly following sharp cuts in 2020. read more

Just hours before, prices slumped on comments from UAE's ambassador to Washington saying his country will be encouraging OPEC to consider higher output to fill the supply gap due to sanctions on Russia after it invaded Ukraine. Russia calls its incursion a "special operation" to disarm its neighbour. read more

The comments from UAE officials came as the market also took into account moves by the United States to ease sanctions on Venezuelan oil and efforts to seal a nuclear deal with Tehran, which could lead to more oil supply coming from Iran later this year. read more

Talks set for Thursday between Russia and Ukraine's foreign ministers in Turkey also gave the market reason for pause.

While UAE and Saudi Arabia have spare capacity, some other OPEC+ producers are struggling to meet their output targets due to underinvestment in infrastructure over the past few years, which will limit their ability to lift output further.

"We think it will be challenging for OPEC+ to boost production in this environment," Commonwealth Bank commodities analyst Vivek Dhar said.

Meanwhile, U.S. crude oil, fuel stockpiles fell last week, adding to the worries over already tight global supplies.

Crude inventories fell by 1.9 million barrels in the week to March 4 to 411.6 million barrels, compared with analysts' expectations in a Reuters poll for a 657,000-barrel drop.

U.S. crude stocks in the Strategic Petroleum Reserve fell to 577.5 million barrels, the lowest since July 2002.

Which is better? $SCO, $DRIP, or $NRGD

For now $120 to $130 is price with US banning purchases Russian CRUDE.

The top? Recent high $130.50

We need good news. U.S. reopen Keystone. Venezuela increasing supplies. Iranian nuclear resolution.

$150 is possible. I would shoot for $140.00 as top. That is when you start to leverage in DRIP and NRGD. Look for the first leg down to $90.00

Looking at DRIP as well.

Great to trade here for sure. Best of luck

Took another bite today. Is it safe to assume that the price movement here lags about one day?

Should I split my investment between these two? SCO is 1X and NRGD is 3X.

Agree. All about timing this one.

Be ready. We are looking at $90 $100 and $110 CRUDE.

But this Ukraine issue could blow over at any moment. As soon as there is word that there is an understanding, you had better be IN!!

If that happened tomorrow 2/15, CRUDE would head from $90 to $65. That would take some time. Perhaps 6 months. Meanwhile, NRGD goes ballistic.
CRUDE 30% NRGD 90%.

Keep your ear close to the radio.

May add some soon here for a flip.

Enter The Dragon

Added NRGD for a bounce play. Best to all here.

Thanks and I am in the same boat, been a long time since visiting here. Best to you.

I just grabbed a position here. Haven’t traded this for a very long time.
GL

Watching for an entry...thoughts? Thanks

Not sure if NRGD has a bottom at this point...

Next entry $8

Taking a beating today. Glad I’m not in right now!

Sold @ $13.10

Today is looking like a great day to take some profits!

Good day today!

This should make a run within a week imo

Next stop is back in the $20’s very soon!

Seems like a great time to buy into this one.

NRGD down 55% I'm all in.

-30% premarket. Time to reload.

Buying $28's here.