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Relative Strength Energy Name Pulls into Support

by | Sep 9, 2024

Cheniere Energy (LNG) shares are pulling into the rising 55-day MA and key support near 180 as one of the few energy names showing a solid uptrend still in place and a top name overall that has seen opening put sales in Sept $170 puts as well as still holding 3000x Sept $180 calls bought on 7/10. The 1000 June $200 calls bought on 7/18 also still holding in OI. The quality energy name likely can rebound to the top of monthly value at 186 in the shirt term with a likely path into 200 by year end still.

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