NRGD

Microsectors US Big Oil 3x Inverse Leveraged ETN

AMEX

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NRGD

Microsectors US Big Oil 3x Inverse Leveraged ETN

AMEX

Add Alert

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Dubster watching Free

04/12/24 1:23 PM

Post #52

Pop! Easy cash!

Dubster watching Free

04/02/24 1:03 PM

Post #51

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

Dubster watching Free

03/14/24 2:29 PM

Post #50

Loading!

dealerschool2006 Free

12/21/23 12:02 PM

Post #49

Re: #48: @Dubster watching - Aggressive bids. We’re going to find out.

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

Bullish

Dubster watching Free

11/02/23 2:47 PM

Post #48

Aggressive bids. We’re going to find out.

Dubster watching Free

11/02/23 2:20 PM

Post #47

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

DarkPool

10/04/22 12:28 PM

Post #46

Starter ;)

JFBroderick Free

04/29/22 3:22 PM

Post #45

Re: #44: @Lowjack - Probably going to be a housing crash.

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

Lowjack

04/28/22 5:45 PM

Post #44

Re: #43: @JFBroderick - Well I’m guessing you’re interested in inverse so

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.

JFBroderick Free

04/28/22 4:45 PM

Post #43

Re: #42: @Lowjack - I raise you this.

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

Lowjack

04/28/22 4:29 PM

Post #42

Re: #41: @JFBroderick - IMO, next catalyst is this.

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.

JFBroderick Free

04/28/22 3:41 PM

Post #41

Re: #40: @Lowjack - Watching for wtic breakout of pattern.

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.

Lowjack

04/27/22 6:53 AM

Post #40

Re: #39: @JFBroderick - Announcement of keystone project being brought back from

Watching for wtic breakout of pattern.

JFBroderick Free

04/14/22 7:03 AM

Post #39

Re: #38: @kingu1ysnmbr1 - Those oil companies just dont come down

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.

kingu1ysnmbr1 Free

04/14/22 3:23 AM

Post #38

Re: #37: @JFBroderick - Solid day here. Looking forward to a continuation.

Those oil companies just dont come down

JFBroderick Free

04/11/22 4:49 PM

Post #37

Re: #33: @JohnCM - I am out of GOLD and CRUDE.

Solid day here. Looking forward to a continuation.

JFBroderick Free

04/11/22 9:37 AM

Post #36

Thinning out nicely!

JFBroderick Free

04/11/22 7:44 AM

Post #35

Re: #25: @RJ Trotts - Great to trade here for sure. Best

Looks like 1:50 split is complete.

JFBroderick Free

04/07/22 9:54 AM

Post #34

Re: #32: @Lowjack - Don't look happy to be here!

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

JohnCM

03/24/22 8:20 PM

Post #33

Re: #32: @Lowjack - Don't look happy to be here!

I am out of GOLD and CRUDE.

Lowjack

03/24/22 7:34 PM

Post #32

Re: #31: @JohnCM - 180? Oil is happy at $110.

Don't look happy to be here!

https://schrts.co/BkMJinJg

JohnCM

03/11/22 11:41 PM

Post #31

Re: #30: @Lowjack - Feb. 24th Price ~$90

180?

Oil is happy at $110.

Lowjack

03/11/22 8:21 PM

Post #30

Re: #29: @JohnCM - I was going to split between DRIP and NRGD.

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!

JohnCM

03/10/22 3:00 AM

Post #29

Re: #28: @kingu1ysnmbr1 - Which is better? $SCO, $DRIP, or $NRGD

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.

kingu1ysnmbr1 Free

03/10/22 12:37 AM

Post #28

Re: #27: @JohnCM - For now $120 to $130 is price with

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

JohnCM

03/09/22 6:06 AM

Post #27

Re: #25: @RJ Trotts - Great to trade here for sure. Best

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

JohnCM

02/26/22 12:06 AM

Post #26

Re: #25: @RJ Trotts - Great to trade here for sure. Best

Looking at DRIP as well.

RJ Trotts

02/25/22 7:37 PM

Post #25

Re: #24: @JohnCM - Took another bite today. Is it safe to

Great to trade here for sure. Best of luck

JohnCM

02/25/22 3:50 PM

Post #24

Re: #22: @RJ Trotts - Agree. All about timing this one.

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

JohnCM

02/16/22 5:23 PM

Post #23

Re: #1: @jablome - wow just found this 'won' today. will watch

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

RJ Trotts

02/15/22 9:04 PM

Post #22

Re: #21: @JohnCM - Be ready. We are looking at $90 $100

Agree. All about timing this one.

JohnCM

02/15/22 4:50 AM

Post #21

Re: #20: @RJ Trotts - May add some soon here for a flip.

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.