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$XLE energy sector recovered 50% off their recent lows... expect retracement from current levels. the hardest to hit the floor, immediately ricochet the highest up; 2-3 wk PT ~$40 $XOM
NYSE:CVX Wait the right time to get in this market with a long position.
It has been one of the most dramatic years for oil markets ever. From demand destruction caused by the coronavirus to the Russia-Saudi price war to US crude prices turning negative. What does it all mean for the oil industry and ‘Big Oil’? ## Saudi Aramco and Sinopec are not traditionally part of ‘Big Oil’ but they are huge global players worthy of being listed.
People are scared of oil stocks. This is the "first sell-off' of a major market cycle. The opportunity in these oil companies is MASSIVE and the risk is very low. Buying some of this on my stock account. Stay profitable!
50 year parallel channel shattered. It took 50 years to get there, how many will it take to come down? Be patient. Give it some time to breathe.
I have been pretty trash with oil trades.. but this time I believe oxy will reach new all-time lows. There is much uncertainty from investors which makes this a perfect short IMO, I have a 5/8 buy put... didn't short at $17 simply cause I was at a huge loss from some other trade (not enough capital.) I think we will revisit $12 by today and continue to make lower...
This look like a nice bearish setup. Price broke structure, then rallied to test the previous low. Price did not make any higher lows, it meet resistance at the 50.0 fib level. A double top was created which is a bearish candlestick formation pattern. The previous daly candle look to have formed a bearish candlestick.
looks like decision time for WTI, the Daily wedge is about out of time & $19 base has been tested and support seems to be established. A break back to the 200 ema on D1 would be a massive move for the oil sector and return the markets to normal business as usual levels
Not going to say nows the best time to buy - its probably not - but I'm willing to bet my left almond shares will be trading around $20 in a year or two. Seems like an extremely safe yearish long buy and hold. Fun to let things build slow sometimes anyways. Position size accordingly, look for dips to load up . Adios, Fishy
Thanks for viewing, After record (and very profitable) drops in Crude in the last few days, Chevron will be put under significant profitability pressure. Well, now we have dipped well below that due to: - as yet unknown, but likely double digit reductions in global demand for crude oil, - Russia not going along with the OPEC plan, which resulted in, - Saudi...
I really don't like descending triangle for NYSE:CVX . I have fundamental analyst giving me a buy/hold signal but i am still cautious. This 139 weeks descending triangle might play out just be very careful and wait for confirmation before entry.
chevron is coming closer and closer to a key structure support level. I would consider a buying opportunity from 103.0 level with a potential bullish reaction to 114 / 121 levels. with a stop below the X the position will be protected against the volatility and occasional fluctuations! good luck!
Chevron Corp - Breakout to $133 or breakdown to $103? The price likely has a bullish trait as support awaits at approx $115. I favour the bullish movement upwards right now as the upwards trending (green dotted) support line awaits price. However, as always, wait for price action to form to provoke your next trade move here. Enjoy your weekend and have a great...
Natural gas price seems to be moving in an uptrend. However, there appears to be a wedge-like formation in play, suggesting a possible small correction. If prices do reject the ceiling of this shape and go lower, i would consider going short. Due to the high risk nature of this type of trade, i would only consider opening a small position.
NYSE:CVX Chevron, Corporation Stock - NYSE (USA) Profit:Risk = 1:1 --- Buy = $122.00 Take Profit = $125.00 Stop Loss = $118.99 ------ Take Profit = +2.46% Stop Loss = -2.47%
BUY: $111,72 SELL: $127,26 SL: $106,19