CVX better buy than XOM??Sentiment is bullish on both CVX and it´s rival XOM but my trading plan only allows me to own shares of one of the company´s at a specific time.
CVX
"CRUDE WAVE" $CL_F $USO $DWTI $UWTI $Oil $XLE $DTO $CVX $XOM CRUDE has higher targets possibly on its agenda.
Holding the contained market structure will allow for the next thrust.
Bearish Gartley and Bearish Pinbar after earningsWeekly bearish Gartley - $CVX
The Gartley's PRZ is between 103$ and 110$.
You can see that the pattern completion zone also comes with a weekly structure zone and in addition, last week's weekly candle closed as a bearish Pinbar pattern.
Aggressive traders can probably seek for reasons to sell $CVX as long as the price respects the PRZ.
More conservative traders should probably wait for a close below 100$ to confirm a False Break to that psychological level.
Based on the weekly chart, $CVX can decline towards 90-91$ to complete a weekly correction move.
The 98$ zone, a daily support zone, can also be used as potential target zone for those who seek for shorter term trades.
Tomer, The MarketZone
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"UPDATE STATUS IN ENERGY" $CL_F $USO $DWTI $UWTI $Oil $XLE $DTO CRUDE FOUND BALANCE AND WAS MET WITH SELLERS AT THE HIGH....
WATCH FOR AREA AT 41.80 -40.00 FOR A POSSIBLE LAUNCH TO RETEST THE HIGHS...
WE NEED TO CLEAR THE AREA OF RESISTANCE TO ACT THE $55 MAGNET AREA.
ANY FAILURE WILL SEND THIS BACK DOWN TO THE LOWER BASE
"TAKE A STEP BACK "$CL_F $USO $DWTI $UWTI $Oil $XLE $DTO $UCO IT IS ALWAYS GOOD TO TAKE A STEP BACK
AND LOOK AND THE HIGHER TIME FRAME
THE INTRADAY SWINGS CAN GIVE CONFUSION IF YOUR CONTEXT
ISNT FOCUSED
$CL_F $USO $DWTI $UWTI $Oil $XLE $DTO $UCO " BIGGER PICTURE' PRICE CAME BACK TO THE "ZONE OF INFLUENCE"
DOUBLE TOPPED AND THEN PANIC FLUSHED THE WEEK HANDS
BEFORE ITS REAL AGENDA.
"SWING UPDATE" $CL_F $USO $DWTI $UWTI $Oil $XLE $DTO $UCO $XOMPRICE PANIC FLUSHS
HITS POTENTIAL SUPPORT.
FORMS INSIDE BAR
THRUSTS UP
THEN RETEST.
"STUDY THIS ..OVER AND OVER AGAIN
"CRUDE FOLLOWUP" $CL_F $USO $DWTI $UWTI $Oil $XLE $DTO $UCO TIME CAME IN AND PANIC SOLD DOWN TO SUPPORT.
TO CONINUE THE ADVANCE WE NEED TO STAY ABOVE BOTH PIVOTS
OR A SIDEWAYS RANGE WILL POSSIBLY DEVELOP MORE IT SHOWS IT AGENDA.
CRUDE UPDATE$CL_F $USO $DWTI $UWTI $Oil $XLE $DTO $UCO $CVX $XOMPRICE STRUCTURE AT "POTENTIAL RESISTANCE"
TIME IS APPROACHING ....
TRADE THE DEFINED PARAMETERS ON PRICE ACTION.
IN THE CENTER OF THE RANGE IS THE "KILL ZONE"
The bulls have to be careful with Chevron.Chevron is pretty much following the expected path but now caution is warranted. We are quite confident there's some life left in the Energy sector that should push CVX towards 104 our ideal target with a possibility to reach 110 the 61.8% retracement and the apex of a previous triangle but with the overall stock market getting a bit thin I would definitely take some money off the table above 98.
"CRUDE UPDATE 240$CL_F $USO $DWTI $UWTI $Oil $XLE $DTO $UCO $CVXPRICE IN ENTERING
"PROBABITIY ZONES"
IT PROVIDES INFORMATION WHERE TO ACT AND WHAT
HAPPENS IF PRICE BREAKS THE AREA.
HAVING INFORMATION BASED ON PATTERN AND TIME
HELPS ONE FORM THERE ROADMAP FOR "THE TRADE"
"STALKING PRICE"$CL_F $USO $DWTI $UWTI $Oil $XLE $DTO $UCO $CVX DESCRIPTION ON CHART.....
PRICE IS GETTING READY TO CHOOSE ITS LAUNCH
FROM THE BOX...
CRUDE "STALKING"$CL_F $USO $DWTI $UWTI $Oil $XLE $DTO $UCO $CVX DESCRIPTION ON CHART.....
WATCH LEVELS FOR RESPONSE.....
"15 MIN CRUDE UPDATE$CL_F $USO $DWTI $UWTI $Oil $XLE $DTO $UCO DESCRIPTION ON CHART....STUDY PRICE ACTION .......
WE GET PAID TO WAIT.
$CL_F $USO $DWTI $UWTI $Oil $XLE $DTO $UCO $CVX CRUDE 60 MIN "STALKING A "TREND LONG"
NO OVERBALANCING ON THE INTERMEDIATE TREND YET...
$CL_F $USO $DWTI $UWTI $Oil $XLE $DTO $UCO $CVX 15 MIN ENTRANCE"PRICE SITS ON "POTENTIAL SUPPORT"
THEN SHOWS Its hand through Price Action
Manage.......
$CL_F $USO $DWTI $UWTI $Oil $XLE "CRUDE SEARCHING FOR BALANCE" CRUDE is getting pulled up to higher "Price Flow areas....Price shouldn't take the low of the three bars back...if it does the trend is suspect.
