Electricity/Oil & Gas Technical Analysis and Risk Management Essentials
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 & Seminar Information
Registration Fee & Discounts
The price for this comprehensive two-day seminar is $1,795 (USD), plus $45 per attendee for the seminar manual and processing.
Register online or call (843) 212-4038.
- Government and university employees receive a 10% discount (check the box when you register).
- Register 4 or more attendees and receive 20% off. Special pricing is available for groups of 5 or more. Call (843) 212-4038 for assistance.
Payments & Cancellations
Payment is due prior to the start of the seminar by Visa, Master Card, American Express, or corporate check. Seminar fees are charged at the time of registration unless other arrangements have been made. Checks payable to “PGS Energy Training,” 26 Teal Lane, Hilton Head Island, SC 29926. Cancellations result in a credit good for 2 years, transferable to a colleague. Substitutions may be made at any time. For more on PGS policies, contact our offices at (843) 212-4038.
CPE Credits
This live group seminar is eligible for 13.5 CPE credits in Specialized Knowledge. 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 accepts one-half credits.
PGS is a NASBA-registered CPE sponsor and a GARP-approved CPD provider, so see accreditation details.