VLO has been lagging behind ULSD crack spread. Recent weakness in VLO is a good entry point.
This article compares the performance of Oil-related stocks, which shows Occidental, ConocoPhillips, and Valero outperform others..! Higher oil prices will push prices higher in the next 3-6 months.
Buying Oil stocks or Leveraged ETFs could be a good choice for the next 1-2 weeks: 1- NYSE:XOM 2- NYSE:CVX 3- OXY 4- NYSE:VLO 5- AMEX:UCO
NYSE:VLO Possible Scenario: LONG Evidence: Price Action TP1~ 80$. TP2 ~85$ SL ~78.65$ as support Call options, Strike 90$, 06/18/21 10% initial Position | 10% For averaging down or up Call options, Strike 95$, 09/17/21 40% initial Position | 40% For averaging down or up * This is my idea and could be wrong 100%
PAYING ARISTOCRAT CAN SET UP YOUR FAMILY FOR LIFE. ALSO HOW WHERE IS OIL HEADED??? AND QUICKLY SCAN #GBPUSD #FX #eurusd
NYSE:VLO $2M in premium traded for $80 strike calls for Friday June 18th 2021 expiration traded today. Unusual Activity for $80 calls about 10,000 contracts traded around 10.25pm @ approx $1.70 (Above Open interest of only 4657) Volume 23K Plug power earnings date is 04/22/2021 Thursday Bounced off 50 EMA multiple times showing good downside support. CCI is...
Interesting setup in VLO. If VLO can break above its near term resistance of $62 then we think it can go back up to $77.
Break out from the descending wedge looks imminent, after weeks' consolidating in a tight range. Current position: None (as already heavy in PSX) Disclaimer: These should be seen as the commentator's Notes to Self. Hopefully educational but aiming for entertaining. No legal or financial liabilities should be pursued from these materials.
Valero Energy has been consolidating since early December after a pullback. The support level from a prior high established back on April 25th continued to hold as the price is just starting to break out from the level established on November 2, 2018. A purple dotted line will mark where a previous break out attempt failed so all longs will want to see the price...
$VLO I noticed the trend line cross and the start of a pullback. I'm NOT taking a position here but thought I would post it for those that are interested.
VLO looks good trading thru resistance. AB=CD pattern to $95 from here.
Valero Energy (VLO) has been on a clear uptrend the last 5 years. It has made a pullback to the 200ma which seems to be a clear support. Fundamentals are looking solid and to make it even better, Valero Energy has a dividend yield of more than 4%
Oil and gas stocks are enjoying stronger price action as the commodity crude oil rises in price. VLO has a first attempt to breakout to the upside. Volume is strong and indicators are positive.
VLO is approaching our resistance where we might see a corresponding drop in price to our first support level. Stochastic is also approaching resistance.
"Refinery stocks are not ripe just yet, especially with crack spreads as weak as they are. We're already seeing three of the top four holdings in CRAK begin to roll over, including Marathon, Velaro, and Holly Frontier. Phillips 66 is the outlier. We continue to wait for CRAK to reach to range bottom with a confluence of crack spreads. If refiners continue to...
VLO is approaching resistance at 91.88 (horizontal swing high resistance, 100% fibonacci extension, 38.2% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 78.04 (61.8% fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
VLO is approaching our first resistance at 82.84 (horizontal overlap resistance, 23.6% fiboancci retracement, 61.8% fibonacci extension) where a strong drop might occur below this level pushing price down to our first support at 70.05 (horizontal overlap support, 100% fiboancci extension, 50% fibonacci retracement). Stochastic (21,5,3) is also approaching our...