AI CNX Forecast + Trading Strategies

Price Forecast:


Bearish<->Bullish


Bullish Case: CNX may benefit from a stabilization in oil and gas prices, coupled with a robust institutional investment landscape, promoting price increases. Rising implied volatility suggests market participants anticipate significant movement.


Bearish Case: Market skepticism persists due to substantial put volume, indicating investor fears of downward price pressure driven by geopolitical tensions and regulatory challenges that could impact CNX revenues.


Potential Outcomes:

1) Market volatility remains high, boosting implied volatility by 60%.

2) Upsurge in natural gas demand could improve revenues by 40%.

3) Regulatory changes negatively impact prices, with a 30% chance.

4) Institutional selling pressures could drive down prices by 25%.


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October 20, 2024


CNX Resources Forecast

CNX        CNX Resources











Correlated Assets

Assets that tend to move strongly with CNX



NFG Forecast + Options Trading Strategies   NFG  National Fuel Gas (0.95)


PPTA Forecast + Options Trading Strategies   PPTA  Perpetua Resources (0.95)


TRGP Forecast + Options Trading Strategies   TRGP  Targa Resources (0.94)


PEG Forecast + Options Trading Strategies   PEG  Public Service Enterprise (0.94)


ACGL Forecast + Options Trading Strategies   ACGL  Arch (0.92)



Uncorrelated Assets

Assets with little price relationship to CNX



RBLX Forecast + Options Trading Strategies   RBLX  Roblox Corporation - (0.0)


OVV Forecast + Options Trading Strategies   OVV  Ovintiv (-0.0)


ELF Forecast + Options Trading Strategies   ELF  e.l.f. Beauty (0.0)


SARK Forecast + Options Trading Strategies   SARK  Tuttle Capital Short Innovation (0.01)


WDFC Forecast + Options Trading Strategies   WDFC  WD-40 (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against CNX



JACK Forecast + Options Trading Strategies   JACK  Jack In The Box (-0.91)


TITN Forecast + Options Trading Strategies   TITN  Titan Machinery (-0.92)


LULU Forecast + Options Trading Strategies   LULU  Lululemon Athletica inc. (-0.92)


NFE Forecast + Options Trading Strategies   NFE  New Fortress Energy (-0.92)


WBA Forecast + Options Trading Strategies   WBA  Walgreens Boots Alliance (-0.94)









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