On Friday oil, heating oil, and RB Gas gained value. Oil needs to close above $53.88 for three days to confirm that a short-term bottom has been formed.
On Monday the astro combinations indicate a mixed trend, higher side selling is recommended in oil, heating oil, and RB Gas. Energy stocks will struggle so stay away. On the higher side $55.55 will be a selling level in oil.
On Monday Natural gas buying is recommended so this is a great time buy around the lower side. Gas will hold $2.22 and the higher side will struggle to close above $2.42.
This is what we stated over the last four years: So far, short-term trading has provided great returns in the last 18 months after my selling recommendation at $97.00 mid-2014. You must remember at we mentioned two weeks ago. In 2001, we recommended buying oil at $16.78 with a target of $100 and higher. In August 2008, we recommended selling at $145 with the target of $32.00. Once again in 2014 we recommended selling oil at $100 with target of $27.71. I couldn’t ask more from nature.
Monday astro combination recommendations for oil – On Monday higher side selling recommended in oil. Buy gas on Monday.
Monday’s trading range (November 2019 contracts):
OIL: $55.46 to $53.40
NATURAL GAS: $2.26 to $2.19
RB GAS: $1.6491 TO $1.6010
HEATING OIL: $1.9725 TO 1.9306