Pressure within the European Oil&Gas Sector is paramount. Virtually everywhere stocks are tanking or showing flimsy holding patterns at best. SubSea7 has been a big outperformer within the sector, but that seems over now. Prices have set a new lower peak below the previous consolidation pattern. Cloud support has been taken out to the down side and, as mentioned before, sector weakness is widespread.
We expect a decline towards minimally 92.10 (pattern projection). Below this level some pivots of 2015-2016 could give some support around the 85-zone. In either case considerable down side risk. Avoid all long exposure. Trading short-entries are justifiable with initial stops above ~121.50.
Primary trend: negative
Outlook: new down trend, negative
Strategy: avoid or trading short-entry
Support: 106.70 / 92.10* / 85-
Resistance: 121.50 / 124 / 134.50+
Outlook cancelled/neutralized above 121.50
$CHXEUR:SUBCO
We expect a decline towards minimally 92.10 (pattern projection). Below this level some pivots of 2015-2016 could give some support around the 85-zone. In either case considerable down side risk. Avoid all long exposure. Trading short-entries are justifiable with initial stops above ~121.50.
Primary trend: negative
Outlook: new down trend, negative
Strategy: avoid or trading short-entry
Support: 106.70 / 92.10* / 85-
Resistance: 121.50 / 124 / 134.50+
Outlook cancelled/neutralized above 121.50
$CHXEUR:SUBCO
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.