Occidental Petroleum (NYSE: $OXY) Back @ 2016, 2017 & 2019 LowsOccidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, Africa, and Latin America. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. Its Chemical segment manufactures and markets basic chemicals, including chlorine, caustic soda, chlorinated organics, potassium chemicals, ethylene dichloride, chlorinated isocyanurates, sodium silicates, and calcium chloride; vinyls comprising vinyl chloride monomer, polyvinyl chloride, and ethylene. The Midstream and Marketing segment gathers, processes, transports, stores, purchases, and markets oil, condensate, NGLs, natural gas, carbon dioxide, and power. This segment also trades around its assets consisting of transportation and storage capacity; and invests in entities. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas.
OXY trade ideas
HOW TO: Using Notes To Capture Why You Took A TradeThought I would make a video on a really simple and integrated way to help you record why you took a trade and what the chart looked like at the time without having to publish it.
TradingView Notes allows you to take a screen capture of the chart as well as your indicators and drawings being used at the time and easily recall them.
Well worth using if you want to help improve your trading and find similar setups.
Hope you like it.
$OXY Bearish Sentiment - In Line with Energy Sector Rather than look at XLE or the energy sector as a whole - looking at an integrated Oil and Gas company with more volatility gives us a better picture of the environment. There are obviously severe worries of a recession - hence the breaking of correlation between OXY and OIL futures the past couple days. With oil futures falling as well, the backdrop sets a fairly bearish tone for the short term. Looking at the levels, OXY could fall into the mid 40s prior to consolidation and then possible bullish setup.
Bullish case: Russia and/or OPEC production shortages supply constraining...US Demand stays strong...GDP growth stays positive for Q2
Bearish case: Oil continues to fall due to expected demand falling... Russia/OPEC issues subside/aren't as bad as expected...Fiscal policies before midterms
OXY and W.A+WTZ4 SetupOXY is likely moving on W.A after the whole impulse wave completely ended. I wait for it break down W.iv of V before entering to make sure W.A begin. Normally when W.3Ext. impulse is ended, the first corrective wave will end at least wave 4 of the previous impulse. So, I apply WTZ4 for checking my analysis and strategy. Enjoy your trading.
OXY Crowded Power PlayAnother Oil & Gas Power Play. 100% or more in less that 8 weeks. Been trading tight and holding since March. Overcrowded trade. IMO it makes more sense to buy oil names on pull backs to the 50 day than on breakouts but will give it small go again as it broke out today from tight area.
watching for consolidation breakout 👀hit our first target to upside I mentioned in last analysis so congrats to OXY longs!
now we are struggling to break past our first target again (71.65) and near RSI resistance!
be ready to play both sides in this market, watching for longs above 71.55, shorts below 67.03/trend support.
also please dont forget to like and follow if you enjoy my analysis, thank you! ♥
is it a real breakout? or just a trap.. lets see!! OXY currently trying to breakout from the 3 month consolidation faze, it looks like a potential fake out breakout though so longs should be cautious.
If breakout can hold and we see continuation to upside my targets are 71.61-81.65-91.69
but break below 61.14 and it can go back to 51-53 supports
OXY: Can earnings boost momentum?!Occidental Petroleum
Short Term - We look to Buy at 55.37 (stop at 50.76)
Trading within a Bullish Channel formation. We are assessed to be in a corrective mode lower. Our expectation now is for this swing lower to continue towards the bottom of the trend channel, to complete a correction before buyers return. Earnings news could provide a good catalyst for the move.
Our profit targets will be 67.90 and 72.00
Resistance: 60.00 / 64.00 / 68.00
Support: 55.00 / 52.00 / 49.00
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Trend Determination Chart (OXY)This is a trend determination chart.
Price is above all the major moving averages (20, 50, 100, 200 SMA).
Supertrend is showing uptrend (Green).
Price is above the Green Ichimoku cloud .
Aroon - Green line crossed above Red line
ADX/DI NYSE:OXY - Di Green line above the DI Red line. ADX is above 25
It generates a BUY signal. To pinpoint entry/exit point, you need to see other indicators like RSI, CCI, Stochastic, MACD extra.