Member Info for Larry_Livingston

Nice rise today so Is this finally turning to upward momentum now after over 8 months of drifting down from the High 4180 (Closing price) made on 04/11/2021 to the Low 2835 (Closing price) made on 05/07/2022.

If it closes above 3975 will tell me it’s turning, It tried three times b4 but failed short maybe fourth time lucky. So let’s see what the follow-ups hold. IMHO DYOR GLA

https://uk.investing.com/analysis/bidens-7-policies-to-lower-oil-gas-prices-what-traders-need-to-know-200523912

https://uk.investing.com/news/commodities-news/explainerwhy-is-there-a-worldwide-oilrefining-crunch-2673338

https://oilprice.com/Energy/Oil-Prices/The-Perfect-Storm-In-Oil-Caught-Markets-Off-Guard.html

https://www.cnbc.com/2022/06/16/oil-markets-supply-demand-outlook.html

You are right Nomad1 but it looks like it’s the biggest port for LNG export according to this article.

https://uk.investing.com/analysis/natural-gas-and-the-freeport-lng-blast-european-pain-a-boon-for-us-200521993

https://uk.investing.com/news/commodities-news/uk-european-natural-gas-prices-leap-as-texas-lng-terminal-fire-threatens-supply-2665593

https://www.cnbc.com/2022/06/08/oil-markets-us-inventories-data.html

https://www.cnbc.com/2022/06/02/oil-prices-eu-sanctions-russia-saudi-arabia-output-opec.html

https://www.cnbc.com/2022/06/02/oil-prices-eu-sanctions-russia-saudi-arabia-output-opec.html

https://www.cnbc.com/2022/06/01/tough-new-sanctions-on-russian-oil-could-change-the-opec-dynamic.html

https://www.cnbc.com/2022/06/02/how-russia-could-try-to-get-around-the-european-unions-oil-sanctions.html

https://www.bbc.co.uk/news/business-61446317

https://www.bbc.co.uk/news/business-61652931

https://www.cnbc.com/2022/05/12/oil-markets-russia-sanctions-oil-ban-europe.html

https://www.cnbc.com/2022/05/06/oil-markets-supply-concerns-global-economy.html

https://uk.investing.com/analysis/if-2008-crisis-is-a-guide-expect-rising-rates-to-boost-commodities-200517981

https://uk.investing.com/analysis/as-natural-gas-hits-unseasonally-high-levels-dont-expect-it-to-turn-back-200517329

This is between a rock and a hard place as a PI if this is true, oh God help us all!

Hopefully this is a good sign in shipping industry wide.

https://www.seatrade-maritime.com/containers/maersk-records-best-ever-quarter

Wow it’s been 6 months since it closed 4180 on 4th November and hasn’t reached that high since.

It tried twice b4 but failed short at 3975 (Closing price) on 15/11/2021 and again 07/01/2022 Jan’s Trading Updates, so is “third time is a charm” coming for onwards and upwards finally or will it make a new Lower low, well Wed is the AGM update so let’s see what the follow-ups hold. IMHO DYOR GLA

So far the recent Low 3115 (Closing price) made on 04/03/2022 held above the support 3110 (Closing price) made on 22/01/2020.