Electricity/Oil & Gas Technical Analysis and Risk Management Essentials

A Two-Day Classroom Seminar (CPE Approved)

Register Soon to get Early Bird Pricing.

This comprehensive two-day class is a "must attend" for anyone involved in the electricity and energy markets.

Many electric power and energy market participants approach trading and hedging without the structure and insight that understanding charts, technical indicators, and risk mathematics can provide. All factors, fundamental and otherwise, are reflected in charts. Therefore, to make informed decisions, it is essential for electricity and energy market participants to take the proper steps to conceptualize market structure and behavior.

The "need to know" of technical analysis, how to discern market direction and possible targets (forecasting), when to buy or sell (market timing or technical trading), and of risk management (how to assess and mitigate price risk) are elaborated. This "essentials" class will arm attendees with the knowledge necessary to interact successfully with the electric power and energy markets.

What You Will Learn

What energy technical analysis is, including technical forecasting and technical trading
How to set up and interpret charts
The differences among time, volume, and range based charts
The way to set up price versus time charts including intraday, daily, weekly, and monthly charts
How to compare linear versus logarithmic charts
How to interpret individual contract month charts, continuation charts, and perpetual charts
When to use candlestick charts, bar charts, line on close charts, and point and figure charts
Different types of bar charts, including open high low close, high low close charts, and inside and outside bars
Chart setups for highly volatile, normal, and illiquid markets
What technical indicators are, in their three major categories: trending, momentum, and stops
Various moving average types, including weighted, exponential, channel, single, double, and triple
What is energy price risk management, and when risks should be managed
Defining exposures and determining the "no hedge" base case
Using Monte Carlo simulations to estimate risk and effects of hedges
Defining goals and designing a risk management strategy
Incorporating a budget into a hedging strategy

What You Will Also Learn

Measuring risk, confidence levels, and understanding volatility
Fixed-price hedging including profit and payoff diagrams, fixed or floating deals, and contract versus calendar month swaps
Hedging with options, including collars, three-way collars, synthetics, and swaptions
Understanding calendar spreads, and basis exposure
Setting up a hedging framework and determining tactical details
What are swings, how they can be used to determine support and resistance
Swing stops, and their applications for entry filters, and exits
The most important geometric chart patterns, including continuation, reversal, and neutral categories
Geometric tops and bottoms, head and shoulders patterns, flags, wedges and more
How to determine probable market direction
The importance of gaps, including common, measuring, breakaway, and exhaustion gaps
The five key candlestick patterns, including engulfing lines and stars
The most popular momentum indicators, Stochastic, RSI, and MACD, and their application
How to evaluate trade risk and set stops
Understanding Elliott waves, Fibonacci retracements, and basic forecasting methods
Technical trading strategies, including getting in, monitoring trade risk, and exits

Seminar Agenda

Introduction to technical analysis
Basics of charts, and chart setups
Charting and patterns
Technical indicators
Candlesticks, support, and resistance
Waves and forecasting
Technical trading strategies
Technical trading techniques
Introduction to energy risk management
Basic energy hedging concepts
Derivative instruments
Developing a hedging strategy
Risk management practice
Developing risk management policies and procedures

Hotel and Seminar Information

This two-day seminar will be held at the hotels listed below or can be conducted on-site at your facilities. The first day will commence with an 8:30 AM check-in and continental breakfast. The seminar will start promptly at 9:00 AM and will finish at 5:00 PM. On the second day, the seminar will resume at 8:00 AM with Q&A and a continental breakfast. Class starts at 8:30 AM and will finish at 3:00 PM. Lunch is included on the first day and a noon snack is supplied on the second day. Attendees also receive a professionally produced seminar manual that can serve as a valuable office reference. Dress is casual for all seminars.

COVID 19 Information: Please click here for the PGS Covid-19 policy. You can confirm each hotel's specific COVID 19 policy using the link(s) provided below.

Registration Fee and Discounts

The price for this comprehensive two-day seminar is $1,795 (USD).

Additional attendees and government employees receive a 10% discount.
Register 4 or more attendees and receive 20% Off. Special pricing is available for groups of 5 or more.
If you want attendees to pay with separate credit cards or have other questions, please call (440) 853-1038 for assistance.

Payments and Cancellations

Payment is due prior to the start of the seminar by Visa, Master Card, American Express, or corporate check. Seminar fees will be charged to your credit card at the time of registration unless other arrangements have been made. Please make checks payable to "PGS Energy Training" 26 Teal Lane • Hilton Head Island, SC 29926. Cancellations will result in a credit that is good for 2 years which can be transferred to a colleague. Substitutions may be made at any time. For more information on PGS policies regarding administrative matters and complaint resolution, please contact our offices at (440) 853-1038.

CPE Credits in Specialized Knowledge

This live group seminar is eligible for 13.5 CPE credits. Be aware that state boards of accountancy have final authority on the acceptance of individual courses for CPE credit. As of January 1, 2002, sponsored learning activities are measured by program length, with one 50-minute period equal to one CPE credit. One-half CPE credit increments (equal to 25 minutes) are permitted after the first credit has been earned in a given learning activity. You may want to verify that the state board from which your participants will be receiving credit accept one-half credits.

PGS Energy Training is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. CPAs interested in attending any seminars should contact our offices for details on CPE credits granted and any prerequisite requirements.

PGS Energy Training is registered with GARP as an Approved Provider of Continuing Professional Development (CPD) credits. If you are a Certified FRM or ERP, please record this activity in your Credit Tracker at http://www.garp.org/cpd. Please inform PGS Energy Training that you are a GARP CPE participant upon seminar registration.

The Global Association of Risk Professionals (GARP) is a not-for-profit membership association dedicated to preparing professionals and organizations for making better-informed risk decisions. GARP's membership represents more than 150,000 risk management practitioners and researchers at academic institutions, banks, corporations, government agencies, and investment management firms in 195 countries and territories. GARP administers the Financial Risk Manager (FRM) and Energy Risk Professional (ERP) Exams – certifications recognized by risk professionals worldwide. Visit www.garp.org/cpd.

Who Should Attend

Anyone interested in a clear, logical approach to trading and hedging electricity and energy will benefit from this class taught by Cynthia Kase. The class has all the basics for beginners as well as unique material of interest for even the most experienced market participants. Among those who will benefit include electricity, natural gas, crude oil, and refined products buyers and sellers, traders, hedgers, marketers, analysts, bankers, risk managers, and those tasked with working with or overseeing such personnel.

Prerequisites and Advance Preparation

The class has all the basics for beginners as well as unique material of interest for even the most experienced market participants.

Why Choose PGS?

PGS seminars are known for their clear explanations and in-depth content. Launched in 1992, Kase and Company is known as a leader in energy trading and hedging advisory services and education, including highly accurate short-term forecasting, and the provision of hedging and trading computer models.

Program Level & Delivery Method

Basic level. This fundamental course begins with basic material and then proceeds to the intermediate level. Delivery method is "Group-Live.”

IN-PERSON CLASSROOM SEMINARS