Previously, posted about the head and shoulders (potential) breakdown of OXY, based on the technicals. Thereafter, there was a weak attempt to recover above the 23EMA, and it faked out. Yes, for a couple of weeks, it did look like a wrong analysis, wrong call, etc. BUT the point is not about being right nor wrong, but being able to read and read it well. For this...
Warning there might be a sharp deflationary crash in the markets soon.
Running Low On OXY? I believe we will be "running low on oxy" over the next few days or weeks. A head and shoulders pattern was identified on the daily in confluence with 2 rising support trendlines. OXY broke below the neckline of the head and shoulders pattern on Friday, February 3, 2023. Furthermore, the daily chart shows an increase of sellers at the break...
My previous call on natural gas made Sept. 19 has come to fruition, achieving all three targets, and in a shorter than expected period of time: Natural Gas / NG - It's Officially a Bear. Now, Hold My Beer The question I've asked myself for the last few days is simply: Now that the June lows have been taken out, is it time for a reversal? And frankly, I...
Predictive charting -- would be fun to see this play out ,, sell off into summer .. summer rally into EOY.
Oops. GG… Broken down of the support and Head & Shoulder formation. Technical indicators are aligned for more downside too. Wait for the week to finish the candle… I do not see much upside at this point.
Occidental petroleum is long for high targets , it’s in last minutes of correction and ready for jump
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!
rising cycle 18.68% more than 10 days. ================================================================================================================================================================== 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...
USOUSD - Forex - OIL - Price bounced off the $75 level - Will this swing to the up side continue or is it over for now? What are your thoughts on oil?
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.
Energy should be topping here looking it at as a whole, OXY also at a great longterm short. Looks like a giant right shoulder on XLE from 2007, I think energy stocks should rotate into growth for the next bullish sector.
rising cycle 17.74% more than 10 days ================================================================================================================================================================== 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...
• 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),...
OXY showing bullish momentum. Currently in for a long position and the position is looking bright. Trendsi indicators showing bullish momentum with Middle band Green meaning bullish. Though the Money momentum white line currently coming out the upper red bands, Oil has been the talk. With prices going up. Time will tell the outcome with prices surging for oil....
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...
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.
This post is a continuation of a previous post, which is based on a longer-term analysis: Natural Gas / NG - What, Truly, Is a Bull? With Wednesday-Friday and Monday morning's long-awaited dump into the fabled double bottom around $7.4, natural gas can only be considered to have formally shifted into a bearish market structure, based on both the 4H and...