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CVX

Convex Finance (CVX) forming bullish Cypher for upto 21.50% moveHi dear friends, hope you are well and welcome to the new update on Convex Finance ( CVX ) with US Dollar pair. Previously we caught a nice trade of CVX as below: Now on a 4-hr time frame, CVX is about to complete the final leg of a bullish Cypher move for another price reversal. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Long
by moon333
XOM, Possible Long Term Play with around 200 targetExxon Mobil Corporation stock MAY see around 200 USD price in up coming years ! Today, we are going to investigate one of the giant oil companies. XOM has completed a complete ascending wave cycle from 1970 to 2020 . Impulsive section of this wave cycle was between 1970 and 2014 and corrective section started at 104.76 (former ATH) on 2014 and lasted for 6 years . On Mar 2020 stock bottomed with double bottom pattern at 30.11 USD around 0.786 Retracement level of the whole large time frame bull run. This complete wave cycle can be labeled as primary degree wave 1 and 2 of the larger degree wave cycle ( cycle degree). After end of primary degree wave 2 , a considerable up side move started which strongly broke multi years down trend line and reclaimed the ATH ( actually made a new one ). This strong and steep up going wave can be considered as primary degree wave 3 which can push the stock up to around 200 USD. This primary degree wave 3 can itself be divided to 5 intermediate wave degree and I suppose currently we are in wave 4 (minor degree ) of wave 1 (intermediate degree) of 3 ( Primary degree ). What all above explanation means? It means most probably we have an up side move from around 78 to around 116 USD . Then , a considerable correction of intermediate degree wave 2 of primary degree wave 3 may start which can hammer down stock to around 63 USD . After that , most powerful and steep wave will start which can break the upper bond dynamic resistance ( as this the typical character of wave 3 of 3) and lead the stock to above 150 USD. All other predicted wave moves are shown on the chart. Therefore, I certainly keep XOM in my watch list to open a profitable long position in appropriate time ( most probably in up coming weeks). Please note our chart is in monthly time frame and there may be many fluctuations in up coming weeks and days. In addition, timing on the chart may become incorrect as timing is the most difficult task in charting. Also I kindly ask you to keep in mind this is before the fact long term prediction and normally it may need some updates in future. I hope this analysis to be useful and wish you all the best.
NYSE:XOM
by SaeedSajedi
22
$XLE - Weakness in the Energy Sector Could Bring Stage 4 DeclineThe Energy sector is notoriously one of the last to roll over in a recessionary environment and the $XLE chart appears to be topping out right on queue. After a euphoric run beginning in the middle of 2020, the Energy sector has stalled out creating a triple top near the $90 level. With the break of the 200-day moving average, along with an accompanying bearish momentum regime in the RSI, we expect the Energy sector to begin its descent into a Stage 4 decline. Many individual stocks within the Energy sector look prime for capitulation events and accompanying sector weakness would further aggravate already anemic charts. PT near 60.
AMEX:XLEShort
by Howtoswingtrade
CVXUSDT : Cup & Handle Pattern Can X4Hi Traders, Investors and Speculators of the Charts 📈📉 CVXUSDT is another altcoin with massive upside potential. Infact, after consolidating for such an extended period, a parabolic move to the upside is very possible. In the chart, I've pointed out 3 take profit zones based on candle wicks (supply zone and demand zone) , but you can always add more TP points depending on your trading strategy and your patience. The 0.618 Fibonacci Retracement is always a very likely target during any bull market, therefore that would be my ultimate target for this season. I'm not using any technical indicators today, as I am doing a longer term outlook on CVX. I believe there is an important balance between trend line analysis / chart analysis / chart patterns , and technical indicator analysis. I find that trend analysis ( trend lines , Fibonacci Retracement , patterns , support zone and resistance zone ) is really helpful for longer term, whilst technical indicators can be very useful for the shorter term. Here's my bullish outlook on Bitcoin 👀 _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
34
OIL going to make BIG move soon1/2 We sold most longs in #OIL, trailing position left Been going long $UCO & shorting puts @ lows We want back in, why? There's something brewing in middle east area More on this later Chart is too much, explain in next post $USO $CVX $XOM $MPC $SUN - 2/2 Short term #oil is on a slight uptrend (white) It also more recently trades in channel (yellow) Longer term it's HUGE Head & Shoulder (top) If there is #war is larger conflict in middle east $UCO & oil will rally hard However, if there's nothing, it'll crater, temporarily
NYMEX:CL1!
by ROYAL_OAK_INC
$XOM: Strong uptrendNice setup here in $XOM, new 52 week highs on higher than average volume with a Time@Mode trend signal confirmation this week. Monthly and yearly trends are up, overall oil stocks could continue being the best prospect with a potential rebound in inflation figures coming next, Russia 'cutting' production (likely forced to do so by the effect of crippling sanctions) and China reopening boosting aviation fuel demand, while the economy possibly dodges a recession, and business investment goes back to pre-pandemic trend levels, among other factors. The latest State of the Union speech has likely contributed to weakness in US Treasury bonds, and coupled with NFP might have triggered rotation back into value/energy from growth names ahead of CPI data. All in all, low risk to follow this development and be positioned in value stocks and particularly energy for the coming months (and likely years). Best of luck! Cheers, Ivan Labrie.
NYSE:XOMLong
by IvanLabrie
1
Oil is screaming...what should we be aware of?Oil the leading energy commodity is signaling negative price action. An MTop Formation is on watch. If we get a weekly close below $70 it triggers the Topping formation and sways the probabilities in favor's for more downside action. This large time frame pattern has a potential to go down to $20...I know, I can barely believe it myself. A clear weekly reversal rejection has been observed off a key resistance. Downward momentum is in play. Next potential but level im watching is $65/$66 as oil will have technical support bounces.
TVC:USOIL
by Trading-Capital
1
SHEL, CVX, XOM SWING TRADE IDEASWith Oil companies reporting earnings and also a majority of them attempting to break ATH, I have my eyes on SHEL, CVX, and XOM. CVX and XOM already reported earnings and did not have an all around beat but CVX beat revenue and XOM beat earnings! SHEL is set to report their earnings on Thursday pre- market and I will be looking to enter into a swing in either direction. By using the 50, 100, and 200MA on the Daily timeframe, I am able to see my support levels to the downside. If we get a daily close below the 50ma at 57.30, I will look to swing it down to the 100ma at 55.11. If we can close below the 200ma on the D, at 54.58, I will look to hold this swing for a while, as it completes the double top pattern found on the D. Now, a break above 61.50/62.50 would be a new 3 year high with its next resistance Level found around 66.50/67. This is where my bias lies because I believe the energy sector, oil companies in particular, will have a bullish run this year. However, I will trade what I see, not what I think! Happy Trading!
NYSE:SHEL
0
by WSBB
1
Will we have a short term pullback?In this chart you will see that in the H4 We're entering a period of consolidation in the nearest resistance. It's either we're going for a deep pullback since the Relative Strength Index is just way too extended and there's a divergence. However, I am still expecting another high going to be formed as we are still in a bullish trend. I have been trading $CVX since last week only and I must say it has been rewarding for today as it was one of the most volatile in the Binance BUSD Perpetual Futures. 🔥 The Trading Plan: - Buy at the lows of the consolidation - If there's strong selling pressure check for the start of the current trend and look for a potential demand zone - Entry Tranche 1 if there are bounces or strong buying pressure seen in again - Exit near the resistance Thank you, CVX!
C
by xCryptoFutures
2
Exxon mobil and other oil stocks are boughtNYSE:XOM PEPPERSTONE:NATGAS Oil stocks usally follow natural gas and the price of oil pretty closly. this makes sense since they sell oil and if the price of oil goes down then should the stock selling that oil. recently this has not been true as the price of oil and Natural gas have fallen Oil companies are not falling but why?? i belive this is because of very high profits which they got when the price of oil was high and also investors thinking that the price of oil will rebound i think oil is over bought as the underlying asset is down but the Stocks selling those assets arent Not Financial Advice just an opinon fell free to Correct me on any of my points if i didnt see something
NYSE:XOMShort
by Aplex_1