Oxy looks like it may have ran up and hit its head on the goal post, should take a breather here. I got some 40.00$ puts for 3/25, looking for a quick trade. Gonna cash out with anything better than a 20% gain. PS I work in The Permian Basin, we are super busy. Long term Oxy will test the break out and head higher. This is just what I'm doing, the only thing you...
Drop it like it's hot! The Fed is remaining hawkish. Dollar started rocketing up as they spoke. Dollar Up Everything else mostly down coming to a theatre near you!!...
Oil is topping. Contrarian signals are going off everywhere. Take profits while you still can if you're long energy. The recession is here.
Occidental Petroleum Corporation ( NYSE:OXY ) Sector: Energy Minerals (Oil and Gas Production) Market Capitalization: 31.522B Current Price: $33.75 Breakout price: $35.60 Buy Zone (Top/Bottom Range): $33.50-$30.40 Price Target: $39.20-$40.50 Estimated Duration to Target: 83-88d Contract of Interest: $OXY 4/14/22 35c Trade price as of publish date: $3.10/contract
Heading for ~30 in short term before goes back to 36+ and eventually 40+ From 36 it may directly breakout or do break out post small pullback.
My BTC thesis Short term( 1 h) bearish - BTC may hit 38 k, short alts that are on downtrend Long term( daily ) bullish - Accumulate BTC and alts that you are bullish on
NYSE:OXY is resuming with the uptrend. The price is back above the 50EMA, implying a semi-strong trend. Keep in mind that the AMEX:XOP is also above this level, showing strength in this sector. I'll be adding to my existing position with a stop loss at $28/share. Remember to practice sound risk and money management. Follow for more charts.
Entries were completely trapped and liquidated if using 2x margin or above. Buying is becoming aggressive. There's a lot of confluence at 78-79 cents which could cause a nice bounce after reaching those levels. Waiting for bulls to show up.
OXY has been consistently lower highs and lows, so we will ride the strong trend. We can see that OXY respect the 20 MA, so we will wait for a price rejection candle formed after it hits the 20 MA or wait for a breakout. This will be our entry point. We will exit after OXY break 1 ATR above the 4h 20 MA
it seems Energy stocks are ready to finish their correction and started a new rally! Keep them in your portfolio during high inflation times! You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified...
OXY has been nicely bullish since last fall. It had a great run from Oct '20 to Dec '20 nearly tripling in price. That is where the daily fibonacci extensions were drawn on the left-side. On the right side, Fib extensions were drawn from August low to last week. What is interesting about the August low (also the yearly low as well) is that it nearly perfectly...
oil retested the major down trend line. as long as we close the week above it, a new major uptrend will be confirmed on the long term. the release from the reserves just showed defeat for bidens green energy bs, that's why we got a pop on the news its an extremely bullish signal for oil. the population and industries are far from going green
I scooped some long term OTM calls here, gives me 10.5% notional exposure to oil via $OXY, risking 1% of my portfolio if the trade fails. Seems like a good way to be exposed to the big and steady trend in oil, I have already banked my other energy positions and oil futures options, this is a good way to stay exposed with minimal risk (since the weekly oil target...
it is not too late to enter oxygen $OXY trade. the pump will come though it has broken out of a triangle that looked like an immature cup and hand. just wait for few days so the volume will be sufficient for a 3-10x long ride. it will happen soon
OXY looking flaggy and peaking above volume resistance, watch for continuation this week. Conversely, similar to July 6th's action, watch for sellers to step in for a move back down to 27 zone... My bias is to the upside, especially given oil and natural gas prices , could see a blow out ER in two weeks...
OXY is forming a cup&handle. There is also an resistance at 21 EMA, so it has shown the past. Just an idea.
Really like this name and the Oil / energy sector as a whole RN I will manage the book as we go. REMEMBER: buy dips sell rips...
$27 puts expiration 8-20 a price target $22!!!!! Big breakdown on the Ichimoku plus we have parabolic SARS appearing bearish. We have MACD crossover and sitting below the 200ma. Can’t have very much more stacked in your favor. If your on a budget $25 puts for 8-20 are only around $90. If u want to go even cheaper u can try selling the $22 put for 8-20 while...