1/2 We sold most longs in #OIL, trailing position left Been going long $UCO & shorting puts @ lows We want back in, why? There's something brewing in middle east area More on this later Chart is too much, explain in next post $USO $CVX $XOM $MPC $SUN - 2/2 Short term #oil is on a slight uptrend (white) It also more recently trades in channel (yellow) Longer...
Nice setup here in $XOM, new 52 week highs on higher than average volume with a Time@Mode trend signal confirmation this week. Monthly and yearly trends are up, overall oil stocks could continue being the best prospect with a potential rebound in inflation figures coming next, Russia 'cutting' production (likely forced to do so by the effect of crippling...
I think this is a low risk in energy here, I specially like $CVX due to the reward to risk ratio and general fundamentals and long term chart variables at play. Best of luck! Ivan Labrie.
If you haven`t bought CVX Chevron Corporation here: Then looking at the CVX Chevron Corporation options chain ahead of earnings , I would buy the $180 strike price Puts with 2023-1-27 expiration date for about $2.47 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
Oil the leading energy commodity is signaling negative price action. An MTop Formation is on watch. If we get a weekly close below $70 it triggers the Topping formation and sways the probabilities in favor's for more downside action. This large time frame pattern has a potential to go down to $20...I know, I can barely believe it myself. A clear weekly reversal...
ERY is on the verge of breaking out of a falling wedge from the lows of the chart. Very likely to see a breakout here. If it fails we will see the lower wedge act as next major support level.
With Oil companies reporting earnings and also a majority of them attempting to break ATH, I have my eyes on SHEL, CVX, and XOM. CVX and XOM already reported earnings and did not have an all around beat but CVX beat revenue and XOM beat earnings! SHEL is set to report their earnings on Thursday pre- market and I will be looking to enter into a swing in either...
We've detected a Resistance Breakout and Confirmation on the $CVX/$BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. We may consider buying at the current price zone and targetting higher level.
CVX possible good move incoming, minimum 20 % BTC pair looks good too. Triange forming Need breaks 5.56
In each horizontal example the initial push is seen as great resistance, but it is pushed through and this horizontal is eventually seen as support eventually, from this support price continues to rise (as seen in first example) Bullish potential
Showing depending on the trend study interesting view, also the open zone that it shows.
In this chart you will see that in the H4 We're entering a period of consolidation in the nearest resistance. It's either we're going for a deep pullback since the Relative Strength Index is just way too extended and there's a divergence. However, I am still expecting another high going to be formed as we are still in a bullish trend. I have been trading...
Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the CVX symbol. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
CVX shows an interesting view of an uptrend. We will follow this coin to see if it can make new high levels. $6 USD would be an interesting focus target.
NYSE:XOM PEPPERSTONE:NATGAS Oil stocks usally follow natural gas and the price of oil pretty closly. this makes sense since they sell oil and if the price of oil goes down then should the stock selling that oil. recently this has not been true as the price of oil and Natural gas have fallen Oil companies are not falling but why?? i belive this is because of...
#OIL looks WEAK 2day We've limited positions, TINY Still huge head & shoulder pattern These trades are best for LONGER term frames Too much that can happen $MPC $PSX $XOM $CVX #MLP #CrudeOil
The Chevron Corporation (CVX) has been pulling back since the November 15 rejection and is already below the 1D MA50 (blue trend-line) headed towards the 1D MA200 (orange trend-line). As you see the stock has been trading on a Fibonacci Channel since the October 29 2020 bottom and its last two Higher Lows (July 14, September 28) found Support on or around the 1W...
I hope you are fine. I have identified a diamond diametric for this symbol in this time frame. It seems that only the g wave of this diametric remains, which can move up after completion. The red resistance green seems like a good place to end this diametric