Energy crypto currencies and leading U.S.energy stock prices:are Fibonacci retracementsprofitable?

This paper investigates the role of Fibonacci retracements levels,a popular technical analysis indicator,in predicting stock prices of leading U.S.energy companies and energy cryptocurrencies.The study methodology focuses on applying Fibonacci retracements as a system compared with the buy-and-hold strategy.Daily crypto and stock prices were obtained from the Standard&Poor’s composite 1500 energy index and CoinMarketCap between November 2017 and January 2020.This study also examined if the combined Fibonacci retracements and the price crossover strategy result in a higher return per unit of risk.Our findings revealed that Fibonacci retracement captures energy stock price changes better than cryptos.Furthermore,most price violations were frequent during price falls compared to price increases,supporting that the Fibonacci instrument does not capture price movements during up and downtrends,respectively.Also,fewer consecutive retracement breaks were observed when the price violations were examined 3 days before the current break.Furthermore,the Fibonacci-based strategy resulted in higher returns relative to the naïve buy-and-hold model.Finally,complementing Fibonacci with the price cross strategy did not improve the results and led to fewer or no trades for some constituents.This study’s overall findings elucidate that,despite significant drops in oil prices,speculators(traders)can implement profitable strategies when using technical analysis indicators,like the Fibonacci retracement tool,with or without price crossover rules.

Fixed-length roof cutting with vertical hydraulic fracture based on the stress shadow effect:A case study

Pre-driven longwall retracement roadway(PLRR)is commonly used in large mine shaft.The support crushing disasters occur frequently during the retracement,and roof management is necessary.Taking the 31107 panel as research background,the roof breaking structure of PLRR is analyzed.It is concluded that the roof cutting with vertical hydraulic fracture(HF)at a specified position,that is,fixed-length roof cutting,can reduce support load and keep immediate roof intact.The extended finite element method(XFEM)is applied to simulate hydraulic fracturing.The results show that both the axial and transverse hydraulic fracturing cannot effectively create vertical HFs.Therefore,a novel construction method of vertical HF based on the stress shadow effect(SSE)is proposed.The stress reversal region and HF orientation caused by the prefabricated hydraulic fracture(PF)are verified in simulation.The sub-vertical HFs are obtained between two PFs,the vertical extension range of which is much larger than that of directional hydraulic fracturing.The new construction method was used to determine the field plan for fixed-length roof cutting.The roof formed a stable suspended structure and deformation of the main PLRR was improved after hydraulic fracturing.

Reasonable location of stopping line in close‑distance underlying coal seam and partition support of large cross‑section roadway

Close-distance coal seams are widely distributed over China,and the coal pillars left by the overlying coal seams afect the retracement channel of the underlying coal seam in the stopping stage.Based on the engineering background of close-distance seam mining in a coal mine,the reasonable position of the underlying coal seam's stopping line and the support method of the large section roadway during stopping are investigated using feld measurements,similar simulation experiments,and numerical simulations.There are three types of location relationships between the stopping line of the underlying coal seam and the stopping line of the overlying coal seam:"externally staggered with the upper stopping line"(ESUL,stops mining under the overlying goaf),"overlapped with upper stopping line"(OUL),and"internally staggered with the upper stopping line"(ISUL,ISUL-SD for shorter internal staggered distances,ISUL-LD for longer ones).There are diferent stress arch structures in the overlying strata of the above three positions,and the stress arch evolution process exists in the process of ESUL→OUL→ISUL-SD→ISUL-LD:a front and rear double stress arch structure→the front arch gradually decreases→the front arch dies out,and the double arch synthesizes the single arch→the single-arch range expands→the nested double arch.The relationship between the stress arch structure and the position of the stopping line is evaluated as follows:(1)ESUL:the stress concentration in the roof plate of the retracement channel of the underlying coal seam is the highest,because the overburden block of the extensive collapse zone acts directly on the roof plate of the retracement channel,resulting in relative difculties in roof support.(2)OUL:although the retracement channel roof pressure is minimal,the overlying rock structure has the potential for rotation or slippage instability.(3)ISUL-SD:the pressure on the roof of the retracement channel is small and the overburden structure is stable,which is conducive to the safe retraction of the support and not limited by the width of the end-mining coal pillar.(4)ISUL-LD:it is basically the same as the condition of stopping under the non-goaf;however,it has a limitation on the width of the end-mining coal pillar.The location of the stopping line is selected as ISUL-SD,and the retraction process of the self-excavating retraction channel was adopted.A partition asymmetric support scheme which is proven by feld practice is proposed,through a comprehensive analysis of the pre-stress feld simulation of the support scheme,based on the diferent control requirements of the roof above the support and the roof of the retracement channel in the stopping area.This method realizes safe and smooth withdrawal of the support.