LONG MPC Risk/Reward = 2.65Just following continuation of the move up and getting in on a pullback here. Longby asenski1
MARATHON PETROLEUM CORP Course DailyHey people, MARATHON PETROLEUM CORP is in a bullish momentum with a low purchase volume made and a hammer candle. On the TIMEFRAME M1 we see a hammer candle with a large volume of purchases exchanged at the end of the session, it is ready to breakout a stabilization zone for arrival in another. Great likelihood to move towards the last precedent above with a filling of a bearish breaking gap followed by a symbolic number which is 42.00 below a strong resistance corresponds on the MULTI TIMEFRAME. Please LIKE & FOLLOW, thank you!Shortby stephanelibatd1
MPC Shooting Star?Anyone agree that this is a shooting star indicating a future drop in price? Clearly not an advisor. This is not advice. Let me know what you think!Shortby pcrunner0
MPC Option Call Swing I purchased calls for MPC this past Friday.I will add more on Monday for a short swing. The Energy Information Administration reported Thursday that U.S. crude inventories rose by 2 million barrels for the week ended Sept. 4, on the heels of six consecutive weekly declines. That compared with an average forecast by analysts polled by S&P Global Platts for a fall of 500,000 barrels. The American Petroleum Institute on Wednesday reported a climb of 3 million barrels, according to sources. Supply data were released a day later than usual this week due to Monday's Labor Day holiday. The EIA data also showed crude stocks at the Cushing, Okla., storage hub edged up by about 1.9 million barrels for the week. Gasoline supply, meanwhile, fell by 3 million barrels, while distillate stockpiles declined by 1.7 million barrels. With that being said the potential catalyst for this week would be the reports due on the dates listed below. The API Energy reports will be out September 15th at 1:30pm. The EIA Energy report will be out September 16th at 9:30am Important To know The American Petroleum Institute reports inventory levels of US crude oil, gasoline and distillates stocks. The numbers reported show how much oil and product is available in storage.This is important because this indicator gives an overview of US petroleum demand.If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices. The same can be said if a decline in inventories is less than expected. If the increase in crude is less than expected, it implies greater demand and is bullish for crude prices. The same can be said if a decline in inventories is more than expected. We need the 14-3 Day Raw Stochastic at 50% and the price to crosses the 18 Day Moving Average to reach $34.58 Resistances around $31 and $32 Good Luck. I purchased a $35 strike priceby Sahmlife_300
MPC - 8.83% or 32.75% Profit Potential - Bearish PennantBearish Pennant formed out of a 2-month correction. Target price set at new potential 2-month Support bounce. If we break through this new support line, rather than bouncing at $33.47, there is a possibility to hit a 2-year downtrend support line at $23.71. - Historical Downtrend (1 year) - RSI and STOCH below 50 - MACD below Signal Suggested Entry $36.04 Suggested Stop Loss $37.15 Target price $33.47 (moderate) or $23.71 (aggressive) Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.Shortby mascheraUpdated 112
MPC - 6.02% Potential Profit - Bullish PennantClear uptrend Support with a Bullish Pennant forming and price about to break-out. Target price set at a new potential resistance line. Once broken, it might have the potential for a greater run. - 5-month uptrend - RSI above 50 - STOCH approaching 50 - MACD above Signal Suggested Entry $39.35 Suggested Stop Loss $38.61 Target price $41.72 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.Longby mascheraUpdated 2
$MPCEarnings tomorrow + very bullish news. 🔥 $MPC Marathon Petroleum announces agreement for $21B sale of Speedway (thefly.com) Marathon Petroleum announced that it and certain of its subsidiaries have entered into a definitive agreement with 7-Eleven, a wholly owned, indirect subsidiary of Seven & i Holdings, whereby 7-Eleven will acquire Speedway for $21B in cash. The transaction is expected to close in the first quarter of 2021, subject to customary closing conditions and regulatory approvals.by dread0031115
MPC, price moved above its 50-day MA on July 14, 2020This price move could indicate a change in the trend, and may be a buy signal for investors. Tickeron A.I.dvisor found 41 similar cases, and 33 were successful. Based on this data, the odds of success are 80%. MPC in +6.37% Uptrend, advancing for three consecutive days on July 15, 2020 As a Bullish sign, keep an eye on this company's ticker for future growth. Considering data from situations where MPC advanced for three days, Tickeron AI shows that in 270 of 338 cases, the price rose further within the following month. The odds of a continued Uptrend are 80%.Longby tickeron6
Profit taking will come and then enter againoil will exhaust soon and this will dip down. Will enter again in 32-33 rangeShortby LetsBeMillionaire9
MPC: By far the most stable and potential worthy oil stockDo you want to invest in an oil stock but not know which one to buy? MPC relatively has the best fundamentals in my view compared to all big oil stocks (XOM, CVX, OXY, PXD, VLO, and etc.) Also, the chart is showing a stable upward trend. Oil price will and is already going up at an exponential rate. One oil stock I will buy during the oil/economic recession. Let's win money together. Good luck and make good choices.Longby Opportunistock115
three first refineries (marathon/valero/phillips66) vs wti/brentthree most important us refineries (marathon/valero/phillips66) vs wti/brent interesting correlation since 2015 and fall in oil price due to last oil war (2014, opec vs shale) the 3 companies refine half the daily barrels of the top 11 refineries in us own more refineries than the next 8 companies of the top 11 according to date from january last year, dont know if they have changed sinceby KBaouche5
$MPC Strong run follow throughVery strong atm. After a small pull back, will get in for another push.Longby IvanIcey5
Signs of a reversal for MPCPosted earnings today at $1.56 with expectations of $0.86 Indicators showing early signs of a reversal but MPC has consistently beat earnings in the past only to see a drop in price.by WBG206
MPC for next couple of months maybeJust looking at what might be for next few months on MPCby FlyingSeaHorse1
MPC double bottom, go longMACD crossing, could see this run long into earnings. Support has been touched 2 times.Longby Kyle2394
MPC Retest/RemountMPC has recently retested prior support at the $58 level and broke down to bounce off the 200 day moving average, only to remount above the $58 level the very next day. This tells me that the 200 MA is strong support level paired with the $58 level. Looking for a push to the next level or resistance around the $62.5 level for a 6% move. Longby BBTrader297
going up following goldIf you missed the gold trade jump in oil stocks they follow golds big moves Longby 535elliott2