OXYP trade ideas
OXY: Long-term VIEWHello my friends, today I wanna share you some conclusions that I found about OXY.
At the moment OXY price trades near to the raising wedge bottom.
Though USOIL currently bounced up but I think there's a counter-trend decline to OXY.
I expect that price can break the wedge and make a little correction to the bottom of wedge and then start to fall.
And I think OXY will bounce from the bottom of wedge and get support at previous high level.
I set up my first target at previous high and support level $47.00.
Then, I think price will bounce up and start to raise.
And I think price will break resistance level and go higher until resistance level.
Therefore I set up my second target at local high and resistance level $77.54 (red line).
And, I think price will break resistance go higher.
Here's the scenario that I expect to USOIL.
This is my opinion, I really hope it will be useful for you.
This is an article not financial advice, always do your own research.
And please don't forget to support this idea with your like and comment, It means a lot to me, thanks.
Be prepared and save your money. Make big profits!
Happy trading!
Occidental petroleum updateOccidental petroleum is long for high targets , it’s in last minutes of correction and ready for jump
OXY short?
OXY is way up in comparison to crude oil futures. Futures are flat YTD, and OXY is up 104%.
OXY also recently crossed the 200 day SMA on 2 December. They've done that before recently and popped back up.
There seems to be some support around $61/share. If it breaks below that next support is around low 50s.
Bet against buffet!With the federal reserve and the federal government actively trying to decrease inflation. I believe we will head into a deflationary period and most stocks will suffer. Betting against the master chief should be fun in my opinion!
OXY, 10d+/18.68%rising cycle 18.68% more than 10 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
OXY Short 2-2 Reversal Looking at OXY tomorrow for the 2-2 Rev with the failed 2 using The Strat on the daily, TFC on the monthly supports it and the weekly still being and inside candle shows it has still lacked choosing a direction this week.
OXY Bull flag 🚀Once upon a time there was a young alpha male called Warren. He was a hungry boy and loved food, like really loved food so he gate crashed a few wedding, stealing all the food and cake laid out on the tables for the guests to eat.
OXY, 10d+/17.74%rising cycle 17.74% more than 10 days
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
OXY: Trend Analysis + Key Points to watch from here!• Since OXY found a top around $76 (red line), it triggered a sharp correction to its Fibonacci’s Retracements;
• There’s still a chance OXY will remain bullish, and break the previous top, however, it must react as soon as possible around the retracements;
• The key point seems to be the 61.8%, which did a very good job holding the price a few days ago (Nov 09), when the volatility increased;
• Only if OXY loses the 61.8% it’ll frustrate any possible bullish bias in the mid-term, and it would seek the next support at $62;
• In addition, the 61.8% retracement is the trigger point of a possible Double Top chart pattern;
• Therefore, let’s pay attention on how OXY will react around the retracements.
Remember to follow me to keep in touch with my analyses!
OXYOXY is still bullish on all major timeframes. Expecting more bullish momentum.
The first bullish price target is around the $85 level
Longer term price target could be the $100 level.
$OXY for a new high ?Will bulls rally up to push this to new highs or fall short. Currently trading at $70.48. Daily Chart resistance around $75.30, than a possible pull back to 70 range or lower before rallying up to higher highs. Trendsi Indicators shows bullish momentum (middle band EMA) currently green. money momentum (white line) moving just above EMA line. Currently a red dot meaning a (sell signal), waiting for opportunity to transition to green dot for a buy order or get into a long position. Overall movement with catalyst and news about oil will send this into a bullish momentum. Will definitely have this on my watchlist.
Trade safe and Trade smart everyone. Happy Trading's.
$OXY with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $OXY after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 42.86%.
OXY: 3 Line Strike If The Week Closes Like ThisWe have 2 instances of MACD Bearish Divergence along with some RSI Divergence and a potential for there week to confirm a Bullish 3 Line Strike if the weekly can close below the last 3 bullish candle bodies. Based off of this i think Occidental Petroleum will be coming back down to $35.00
OXYt strategyShort term trade set up to hedge long position, ex-dividend date may trigger sell off.
While price made a higher high, RSI set another negative divergence.
Also noting buy volume is getting thin.
In EW terms, this rally off the June low seems to be corrective 3 waves.
Contra argument: neckline around 57-58, coincide with huge volume profile wedge, may provide strong support.
OXY Simple Chart AnalysisOXY would be more advantage here as majority o&g QR was positive. Its QR will announced on the 9th Nov & current price looks supported too.
OXY rising from buying zone after fall from Head and ShouldersNYSE:OXY
Warren Buffett's favorite new acquisition is now in an uptrend
and following somewhat of an ascending wedge.
This appears to be a good swing long setup with a
Stop Loss of 71.6 at the recent pivot low and a
Take Profit at the neckline of the head and shoulders pattern which signalled
the downtrend at 73.83 . I will trade this with the call options
expiring 11/18 with the strike of 73.
OXY approaching cluster resistance 🔴bulls are going to have hard time crossing extreme resistance zone/local trend resistance. I think dump to 63-65 before next leg higher is likely!
bearish short term bullish long term here (buffet is long you don't want to bet against him long term lol) Drop a boost and follow for more 💙🎃
oil tankers, ETFs, individual stocks performance comparison 1 year performance (taking into account of dividends re-investment):
JOY> STNG>OXY>XEG>FLNG>XLE>FCG>XOP>OIH
What's the implication?
JOY: small cap Canadian stocks which is very aggressive , high beta with oil
STNG: tankers, benefited from the Ukraine war and would continue to be so assume the war goes on
OXY: no hedges on, relatively small, Warren buffets holdings. Less likely to be shorted by short-sellers because short sellers know Buffett would be buying when it dips
XEG: Canadian ETFs. Have a better sharp ratio than US ETFs. Why? Because not many people could short it and the trading volume is low. Politically Canada is more 'stable' than USA, less chance they would be targeted by politician on windfall tax
FLNG: similar to STNG?
XLE: US big caps
FCG: performed not that good maybe due to the freeman port explosion, may catch up later once the port is fixed
XOP: more spread out than XLE
OIH: oil refineries technology and related equipment companies. Not in its hay days yet unless there are more refinery activities, which is currently not politically feasible. However it would catch-up if there are more oil exploration activities in the future.
ENERGY Warren Buffet was right, all major energy companies are primed to rip. Major cycle for energy before electric vehicles take over.
Is Oxy to $80?If Oxy can close above 72.04 on Monday there is every potential to reach $77 and then $80 strike price in a week or two. Look out for a break of $72.04. I am leaning bullish on Oxy atleast for short term.
OXYNeeds above that 73 and this could be headed back towards its ATH and more
If dips ever appear and this trades sub 50's load it.
Buffett likes it, so do I
all you need to know
