Energeia Charta

seems like the movement in oil is getting started

#Natgas is trading against the resistance. No clear count yet.

Seems like #WTI remains in the downtrend for the time being

#WTI is rallying after reaching a new low as expected. The rise was so abrupt that we missed it while waiting for a more decisive confirmation in shorter timeframes, which never came. Within the larger framework, another low is still possible, but I believe we are already on an upward trend.

#natgas is on track for a bullish scenario and is currently completing a correction following the first wave up. This week, more details about the shorter timeframe were revealed. The black scenario assumes that an interim low has been developed. The red one allows for a continued downtrend next week.

this is the analysis posted in April and there were similar ideas before that. It still remains to be seen if this one is correct.

#WTI Very complicated structures. Because of this complexity I am inclined to maintain my very old scenario from April (to be referenced in a next post). Too many subdivisions of previous waves make them look like wxy double zigzag that happen in diagonals. The price seems to have posted a negative divergence (lower high on the chart and higher high on RSI) which indicates a new low ahead.

Natural Gas #Natgas appears to have completed its downtrend and formed a diagonal first wave up (either A or 1). Ideally, the price should retrace 0.5-0.618 of the wave from the bottom, but in the case of an ABC flat (or other complex structures), the correction may not extend that far.

After a long absence, we resume regular publication of energy price charts. Very soon, there will be action everywhere. For the time being, we will stop publishing through private channels and resume free publication.

A close up #Natgas

#Natgas did no follow up and seems like we need to flip to bearish scenario again

#Natgas seems to have completed the wave down and is ready to explode. I can label the last wave as a diagonal and it seems that we have small 1-2-3-4 sequence completed.

I am not sure what will be the next move in #BTC. It is possible that the price may collapse overnight or it may still rally to moving averages resistance.

I am sharing Nstgas separately and will update the full report later. I've noticed that Friday and Monday rarely bring a change of trend (unlike in Bitcoin). Usually, the price follows the previous week's trend, which is currently downward. It's possible that wave (5) of should be extended because waves and appear to be the same length. The chart shows weekly cycles that last one week, from Friday to Friday. #Natgas

The Oil Price Weekly Update has been published.

BTC analysis has arrived. Take a note of a cyclical pattern we highlighted and the remaining downtrend.

Let's see if oil can drop lower

Louisiana court overruled Biden's ban on LNG projects. Let's see where it is heading too. https://clayhiggins.house.gov/2024/07/02/higgins-commends-federal-court-ruling-lifting-bidens-lng-export-ban/

#Natgas is at the very strong level and seems to have traced out expected combination of wxy - though double zigzags are difficult to nail without a pattern at the end.