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CVX

Oil Bears in for a Crude AwakeningDon't get excited just yet. The only certainty in the oil game is it's not for the faint of heart and right now, the bears are getting crushed. Now that prices are gearing up it looks like it's time to make a new plan. Before I do let's recap the last one. Previously I had noticed a particular trendline that prices broke out of in early August. As that breakout failed, it seemed a retest of that trendline was inevitable. Prices bounced right back up to a macro fib retracement level (@ $40) as they often do, like a magnet. Then after it failed at that fib level and retested that trendline again, I noticed a potential tricky oil move playing out: the head and shoulders fake out. Now here we are breaking $40.50 and the 50 Week EMA. Although I have been buying oil stocks on these dips I am not trading futures just yet until prices can stabilize above $40. Eventually, I'd like to see a weekly close above that 50 week EMA and then start buying dips on the 1 hour chart all the way up to the 200 week EMA at $51.50 The MACD on the monthly chart is showing a nice divergence and as always, I'm keeping an eye on that macro Fib retracement level at $40 as the pivot point. Trading is risky. Don't listen to my advice. Long LUKOY, KMI and buying dips
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by lynaldendips
CVX breaks 13 Day EMA and heads for the 21 Day EMAMuch like most stocks, Chevron NYSE:CVX didn't have a good month of September this year, but it looks like things might be turning around. Looking at the daily chart above, CVX, as been trying to break past the 8 EMA average throughout the last month but found little success until yesterday. Today the price broke through the 13 day EMA. As the stock heads towards the 21 day EMA, one of two things can happen. It can pull up to it and continue down or it breaks past the 21 day EMA and continues going up. Rather than trade directionally, option traders should consider selling put credit spreads. Although this way cap the upside, it also limits your downside .
NYSE:CVXLong
by UnknownUnicorn6775423
CVX - Chevron buy support zones analysisHello traders, Description of the analysis: Chevron corp. ( CVX ) support zones ideal for timing long positions (gray). Trade what you understand, trade carefully and sparingly according to the business plan. About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (over $4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades. Jacob
NYSE:CVXLong
by Jacob_Kovarik
Market Rotation Into Energy (XLE) The past week there was rotation into Energy (XLE). There is precedent for rotations into energy marking tops and continuing as safe havens during corrections. In the bottom chart, you see the rotation happening in September 2018, just before three months of market declines (21% on S%P 500 and 24% for Nasdaq). Looking back further to the 2000 tech bubble, look at stocks like CVX, XOM and SLB. These stocks are going up or sideways while the market is crashing around them. On the other hand, 2018 these stocks fell along with the market. So the question is are we in a correction? If so, is it more like 2000 or 2018? Have energy stocks been held down while the tech bubble grew? Will we see energy stocks climb over the next few months?
AMEX:XLC
by drewby4321
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