NRT an oil trust stock, is up 75 % for the year despite global challenged market. It is in the middle of its trading range for the past 12 months.
Given the situation in Europe and lack of Russian oil in the free global oil market. I see this as a long-term swing play on energy with
upside heading into the European winter heating season. With the RSI between...
OXY as shown on the chart is still in a megaphone pattern.
Horizontal resistance red line is the all time highs of Spring 2018.
In the past several trading sessions, spot oil has dropped from $96 to $87.
The MACD indicator which is lagging shows the K / D cross over the histogram.
Accordingly, OXY is now trending downward to the mid-Fibonacci retracement...
VET like OXY is showing a great chart with consistent price action.
Fundamentally, it has had great earnings reports in the past year.
It rates an 8/8 on the Minervini Trend scale showing strength and duration of trend
as very high. Vermillon Energy has been strong in the general market downturn.
I see this as a Swing long setup with a good expectant reward...
BITTREX:USOUSD
USO having retraced down from its high at resistance above
its uptrend until bouncing off a retriacement Fibonacci
level is now poised to rebound up until at least hitting
the respective Fibonacci levels of that move. This
appears to be a bullish pennant now ready for
a continuation / breakout.
I see an immediate term upside of 10% and...
NYSE:OXY
One hour chart: NYSE:OXY
In the past day, the relative volume of sellers has decreased
and price momentum is gradually increasing despite
the general market reaction to federal economic news.
The flat bottom triangle breakout suggests sellers are capitulating
on pricing given current circumstances. The RSI Oscillator
is in a mid-range suggesting...
🔸️Ticker Symbol: XOM 🔸️Timeframe: 4 Hour 🔸️Investment Strategy: Short
TECHNICAL ANALYSIS: XOM is currently flashing a sell signal on our 4H timeframe and could see the price decreasing over the next week. Our money momentum indicator on the bottom dashboard is shifting lower indicating money is flowing out of the market. We also have a red dot representing a key...
NYSE:OXY
OXY has market momentum with the ongoing Buffet buying frenzy.
It has been in a pattern since the spring 2022 Buffet buying that is a flat bottom
triangle. The latest buying seems to be resulting in
a breakout from the triangle yet without retest.
Rising relative strength on the RSI serves to validate the move.
Buffet seems to know that the...
NYSE:OXY
Massive Bullish Candle takes out 90 days of price action
See the chart for more analysis
Time is of the essence as they say; buy now or do not chase !
In this chart, I have plotted the ratio of the price of the USOIL ETF over the DIA, which is the broad ETF for the DJI.
The chart shows the USOIL ETF has been stronger than the DIA until the market lows in mid June after which
the DIA rebounded while hot oil prices cooled off.
The analysis would be is that oil prices may be relatively undervalued at present...
---------------Ticker: $XOM
----------------------Time Frame : 4H
------------------------------ Investment Strategy: Long
Trend is broken and retested the trend(Support) and rejected.
Trendsi Confirmation of Green Dot and Green line gives me full confidence, we can see XOM 97 very soon.
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⚠️ Trading...
VANTAGE:USOUSD
With the news catalyst of massive new open leases on federal land for USOIL
and the big oil companies USOUSD has reacted with a big uptrend.
with major resistance 3 to 4 percent higher this may continue.
This seems to be a good setup for a swing long trade on USOUSD
and potentially any of the big oil stocks.
Goals 0.56, 0.49. Invalidation at 0.89.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that...
Marked with momentum reversal and completion of a multimonth upgoing zigzag, this baby is poised for a drop. I believe the reversal has already occurred not too long ago. As ever, Fibs give us off the cough targets for possible exits.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The...
Trend line from April confirms that it’s a trend reversal and I went long on Oxy shares and options. I do see a potential of hitting PT of $70 in next few weeks. Will close my position If this closes below $55 on any given day.
USOIL makes what looks like a classic Elliot Flat Correction. But where does it go from here? Is the correction a pause in upward prices? Or is the correction the change in direction from uptrend to downtrend?
Note that the bottom yellow dotted line is the 200day MA area. Haven't even bounced off that yet.
XOM - Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally.
- Revenue and earnings beat
- Higher oil prices
- High volume
- Above 200 EMA
Bearish hidden divergence on 4 hour chart and trendline resistance. If the idea is correct it shouldn't get past 104/105 although with oil it may spike past that first and then immediately sell. Target mid 80's
