Get started

OXY

OXY, 10d+/18.68%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 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
NYSE:OXYLong
by Tonyder
OXY, 10d+/17.74%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 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
NYSE:OXYLong
by Tonyder
OXY: Trend Analysis + Key Points to watch from here!• 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), when the volatility increased; • Only if OXY loses the 61.8% it’ll frustrate any possible bullish bias in the mid-term, and it would seek the next support at $62; • In addition, the 61.8% retracement is the trigger point of a possible Double Top chart pattern; • Therefore, let’s pay attention on how OXY will react around the retracements. Remember to follow me to keep in touch with my analyses!
NYSE:OXY
by Nathan_The_Finance_Hydra
1
XOM bullish momentum 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. Supply and Demand for oil will either push the oil market higher or crash it. In my opinion, I believe it will send it to a frenzy. But time will tell. Trade safe and Trade Smart. Happy Trading's
NYSE:XOMLong
by rc9257
$OXY for a new high ?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 meaning a (sell signal), waiting for opportunity to transition to green dot for a buy order or get into a long position. Overall movement with catalyst and news about oil will send this into a bullish momentum. Will definitely have this on my watchlist. Trade safe and Trade smart everyone. Happy Trading's.
NYSE:OXYLong
by rc9257
Natural Gas / NG - It's Officially a Bear. Now, Hold My BeerThis 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 Daily candles. Note that the dump also breached range equilibrium. What this means, is that it's finally time to look for a 45-day short play on natural gas. Remember, Freeport is supposed to re-open for export to Europe in mid-November, so in principle you'd want to see the downside manipulation occur before then. However, all this time, big firms have been shipping U.S. natural gas via boat to Europe, and making more than $100 million a shipment in the process . Demand has been so enormous that there aren't enough ships on the planet available to meet it. So it's not that U.S. Henry Hub pricing hasn't reflected the demand problem caused by Europe shooting itself in the knees trying to spite Putin and Russia so it can fit in with cool kids in the Globalist Bloc. It has. It's just that the reality is, no matter the news and how it's framed, an energy crisis is coming to North America too. You just won't see it until inflation starts to dip. Energy prices have to come down for inflation to dip. Once inflation dips, it will rip again, because it hasn't topped yet. Anyone who says inflation has peaked obviously can't read The Diagram, and nobody who is unable to read The Diagram is worthy of being a Doctor. Regarding price action, once something as turbulent as natural gas dumps, and dumps a lot, and takes out key pivots, you have to be careful. At present the market makers are still employing these patterns where they seek and destroy to the downside and then quickly seek and destroy the upside. It's very hard to catch a truly trending market at the moment, and so you have to employ a surgical strike style of trading and positioning rather than trying to get long or get short and rack up the Sklansky Bucks comfortably. For example, the stock indexes look like they're going to bounce, and probably hard, before the next big leg down, regardless of what comes out of Wednesday's FOMC: SPX500 / ES - It's Still a Bull. Now, Good Luck Riding It With natural gas, what I'm really looking for here to position puts for November is a bounce into the $8.9 range. The problem is, the natural gas market makers are not so polite. They don't want you along for their ride. It's their ride, and if you're good enough to figure it out, you can make money. But if you can't, they will buck you off and you can watch from the sidelines. They're a lot like angry cowboys, and so there is a possibility that is far from negligible that a number like $9.6 prints again before we see the next move down. Or at least a number that starts with $9. Regardless, in my opinion, once this bear is finished growling and knocking over trees, we will actually begin to see trending markets again. They won't trend for all that long, but you won't get bounces this time. It'll just landslide or gap down to where it wants to go and collect all the badly positioned longs or the longs who somehow never took profit during a run to $10. WTI Oil, likewise, is in the same boat. WTI Crude / CL - An Intervention: Saving Blind Bulls Although its price pattern is more notable in that it once again traded back to the $81 gap and bounced again. If it runs the $91 double top it left behind and keeps going up, it might just be a bull run again. But if it just crushes $91 and starts to fall, you can surely expect numbers like $69 and $50 are en route, no matter what the fundamentals say about global demand. What you're ultimately looking at with the positioning of the markets, whether it be copper, soybeans, stocks, is you're looking at first some bouncing and then what is likely a market-wide sell off with some days of panic that is simultaneously subdued and overexaggerated. All of which is designed to have you sell low and then buy back higher with half your account left intact. Consider that last week's CPI dump took 200 points from the SPX in a few hours, but only raised the VIX by like 3 points. VIX 28 is now a ceiling. VIX 40-42 will be where you find the bottoms. VIX 72 will come when the markets truly start to head to the downside. After the global avalanche is finished, you'll likely see the Nasdaq be extremely strong for a few months. SPX will be okay, but will be drug down by energy companies, which won't do particularly well because they'll be drug down by natural gas and WTI accumulating at low prices. Dow will probably be better than SPX but worse than Nasdaq on account of its defense contractors likewise accumulating at low prices. Once retail is done gorging themselves stupid on $30 SNAP and $45 BBBY and $198 AAPL, reality will unfold. Stocks will crash, hard. WTI and Natural Gas and other commodities (Except for silver and gold. Seriously. Quit being a moonboy on ancap stuff. It'll rot your teeth.) will make major new highs and energy companies and defense contractors will become the safe haven in the markets. When those days unfold, you can expect major geopolitical turbulence, which can include as much as the collapse of the Chinese Communist Party. You can also see significant natural and manmade disasters unfold. It won't be a pleasant time. But you should know that what unfolds will appear chaotic but actually be orderly. Everything unfolding in the world is orderly and well arranged. This world will not be destroyed, although there will be significant hardship for many regions, and few will find the outcome comfortable. But for now, you can focus on trying to make money. You have the difficult task of trying to find a time to short natural gas inside of a 15% possible range. You can short $8.9, but they really might take that $9.3 pivot. If you wait for the $9.3 pivot, you might not get filled and miss the move. This kind of move back up is also designed to dump the ETFs, many of which trade on 2x leverage (10% natural gas move = 20% ETF dump), so big pockets can get fat long for the real dump. It's very annoying. They're really very annoying about how they do things. It's a constant gut check and a series of difficult and suboptimal circumstances, because time is an excellent weapon and they use it very well. You should know that all the decisions you face when trading and all the loss and gain you come across are actually opportunities to cultivate your mind and your heart. They're chances to improve. Every thought and feeling you have while doing this is you forging yourself like quicksilver being refined inside of a crucible powered by burning hydrogen. Everything depends on how you improve your heart and employ your rationality. Fear and greed are your greatest enemies.
NYMEX:NG1!
by LordWrymouth
8
What Does This Say About the Future?As many of you know, this week Warren Buffet increased his stake in the oil and natural gas company Occidental Petroleum Corp. (OXY). Warren Buffett’s holding company Berkshire Hathaway now owns about 21% of the company. In light of Warren Buffet's purchase, I analyzed the chart of OXY to see what he or his analysts might be seeing. As I'll explain below, what I found was concerning for multiple reasons. This is the yearly chart of the entire price history of OXY. Each candle represents the price action for one year. It is important to log-adjust your charts in general, but especially when analyzing higher timeframes. Below is a log-adjusted chart. Since OXY is also a dividend-paying stock, analyzing its history over such a long time period over which it has paid dividends means we need to adjust for dividends as well. Below is a dividend-adjusted chart. Now that the chart has been properly adjusted, we can do our chart analysis. Looking at this chart, I immediately noticed that OXY is about to undergo a major Fibonacci extension. I will explain more below. First, I applied Fibonacci levels from the lowest low to the highest high. You can see my Fibonacci levels applied in the chart above (I hid the 0.5 level because that is actually not a Fibonacci level). I noticed that, during the COVID-19 Pandemic, OXY's price bounced off of the golden ratio and then proceed to move much higher. See the below chart. In my experience, this type of price action is rare and usually proceeds what is called an "S-curve jump". Without getting too deep into higher-level mathematics behind S curves, in short, an S-curve jump basically means a major breakout may occur on the time frame in which it appears. Following an S-curve jump, prices can move much higher. Since this particular jump is occurring on a high timeframe, be mindful that the move can seem slow, and there can even be periods of weeks or months of declines even though a breakout on the yearly timeframe is underway. Perhaps this is why Warren Buffet accumulated so many shares of this company. Warren Buffet is long-term investor and so investing based on the yearly chart is most consistent with a multi-decadal investment strategy like his. To help you visualize what an S-curve jump looks like I've illustrated it below. This chart is purely illustrative and is not my actual price projection for OXY (it's impossible to accurately predict price so far into the future). As shown above, price jumps from one S-curve to another, leading to significant increases in price. Interestingly, the second S-curve often starts at the golden ratio retracement of the previous S-curve. Once the price successfully jumps an S-curve, the price increases can be monumental. Actually, it is during the period after price jumps an S-curve that most people get wealthy from their investment. It's how 'millionaires are created'. However, price tends to falter at each successive Fibonacci extension. Below I've highlighted an example of this using Bitcoin which moves almost entirely based on Fibonacci extensions and retracements. Notice how following a perfect golden ratio retracement, Bitcoin moved up to nearly the next Fibonacci extension level before collapsing back down a Fibonacci level. You can see clearly that price has been hovering right on a Fibonacci level in recent months. Going back to OXY, we can use a regression channel to try to validate the hypothesis that price may move much higher in the coming year(s). See the chart below. A regression channel merely measures how far above or below its mean an asset is currently priced. Each blue line represents a standard deviation from the mean. We can see that OXY's price recently reached its mean (the red line) before retracing back down. Similar to retracement after reaching Fibonacci extensions, it is common for price to retrace some of its move each time it hits a higher standard deviation. What's noteworthy is that although OXY's price has come all the way back up near its all-time high, the regression channel shows that this level is now merely the price's mean. See the below chart. This suggests that, from a mean regression perspective, OXY's price can rise much higher before becoming as overextended as it was the last time it was priced at this level. If we conclude that OXY's price is poised to go much higher, what does this say about the future? What might spiraling energy prices say about the Federal Reserve's, and other central banks', ability to fight inflation? By buying OXY while the Fed is trying to fight inflation, is Warren Buffet fighting the Fed? What might higher energy prices say about supply issues in the long term? Might higher energy prices reflect a prolonged period of deglobalization, or perhaps, something worse like geopolitical conflict? What might the consequences of higher energy prices be for climate change? Will higher energy prices incentive more investment in alternative energy options like solar, wind, nuclear and hydrogen? One thing is for certain: The scope of monetary easing that we saw over the past couple of decades is unprecedented in history, and it has created an asset bubble that is unfathomable. I will leave you with two additional charts. One shows how low U.S. GDP growth has been over the past couple of decades, and yet how high its stock market has climbed due to monetary easing. How do you soft land a stock market that's risen into the stratosphere? By pushing it gently to the surface of the moon.
NYSE:OXY
by SpyMasterTrades
10
OXY AND HURRICANESIt is time to put Oil on your radar for two reasons. One thing that is really striking is how the stores are already selling completely out of water this weekend, after visiting 8 stores and coming up empty handed. BUT, how will the country be faced with gasoline shortages as mass panic begins to strike into the human mindsets, fear, and much more. Especially with not knowing the exact placement of the hurricane and the strength of destruction as the country is facing record high inflation and the government is depleting the strategic reserves of our Oil. THEY will need to start buying the Oil off the market at a rapid pace before the price of oil begins to aggressively increase - thus fueling the demand for buying; causing a momentum spike in price action. I am linking my home repair and oil charts below for simplicity purposes. My support/resistance lines are represented with the horizontal lines. You can use those as targets and/or entries for positions based on bounces of those areas or rejections.
NYSE:OXYLong
by bsdvs23
OXY Buy the Dip LONGOn the 4H OXY is in a long up trend in part supported by the buy of Mr. Buffett In the intermediate term as shown on the chart, it is in a slowly rising parallel channel while at present it is at the bottom of the channel sitting on the POC of the long term volume profile and near to the lower Bollinger Band. I see this as a buy low sell high opportunity, The is confirmed with the MACD a lagging indicator with the lines below the histogram and not yet crossing over. Spot oil may be at a pivot point and OXY is setting up long.
NYSE:OXYLong
by AwesomeAvani
Natural Gas / NG - What, Truly, Is a Bull?The terms "bullish" and "bearish" when used on Twitter and TradingView and in the media are more or less just poorly positioned synonyms for "going up" or "going down." Yet, it's a misnomer because some of the craziest pumps you'll ever see are during bear markets, and some of the craziest dump-a-thons you'll ever endure are during the most parabolic bull markets. Right now, the energy world is ablaze because the Russian Federation has more or less cut Europe out of Nord Stream 1 while Europe is already in the middle of an exceptional energy crisis, wrought by its own choices to follow the globalist-communist bloc in trying to punish Putin for a war in Ukraine that roots back to more than a decade of U.S.-NATO-led pot-stirring. News like this causes Europe's natural gas futures to print remarkably stupid prices, making a huge amount of widows from those who were trading short, and energy companies who are paying those prices and yet cannot charge those prices to the end user because of socialist command economy policies placed by the government. However, for North America's Henry Hub futures, Europe needing gas doesn't really help, because the Freeport terminal that's really the only place that LNG gets exported in any meaningful quantity blew up in July. It was supposed to come back online in October. And yet, news of its delay until at least November already printed on Aug. 23. Taking a look at the monthly, you can see that NG is still, really, historically cheap: The Biden Administration is going to donate a great quantity of natural gas to Europe once Freeport is back online. In my view, we're going to see a new all-time high print. Something that starts with the number "2." But before we get there, it's important to keep a cool head, and ask yourself: if Freeport has been offline since July and was set to come back online in October, why does price meander in this $8-9.50 range so early? Taking a look at the weekly provides some context: Before Freeport blew up in the first place, NG was flirting with $9. Once it blew up, it immediately took a three week liquidation spree to $5.50, with the worst part of that trip occurring on the final day of June as monthly futures contracts settled. Then it bounced. And for a commodity whose market maker usually likes to whip it up and down and gap up and gap down with violence on daily and weekly opens, it really just went in a straight line back to $9. Expanding down to the daily, it's even more obvious how much this traded like the SPX500 does when the Fed's money printer is doing work so that 75 year old men can mash buy and take a nap: And now here we are, entering the second week of September post-Labor Day. All the propaganda outlets and pundits crank the sirens, chanting, "Europe Natural Gas Utilities Crisis Russia Gazprom Texas Heatwave High Pressure Heat Dome California Electric Grid Shortage!!!" And all of that is true, just like all of that was true for WTI Crude when it traded at $125 for two months. And yet somehow, despite the fundamentals and all the pundits calling for $180 and $350 BECAUSE REASON S, oil is down 30% and it still isn't finished dumping. So, why is it? It's not hard to figure out. It really isn't. Retail buys high because they see confirmation that something is going up, and then panic sells when it gets rugged. And then when it goes back up they mash buy at a higher price than they sold at because of "Fear of Missing Out," and then they don't sell when they're in profit because their target on the SPX is 12,836 because Gann and Elliot said so, and everyone wants to be that guy you hear about who bought Google at $2 and held it for 20 years while playing golf. If Shell or Exxon traded like that, they would be bankrupt, none of us would have electricity to read these words, and we'd all either die from heat exhaustion or freeze to death without AC and furnaces. The reality is that when NG dumped at the end of July, it still didn't dump deep enough to enter a discount in this overall trading range. We've simply been watching what is still currently the 7th straight week of premium trading. If Natural Gas is going to go to $20 when Biden starts donating energy to save NATO's European arms, it really would make a lot more sense if some time were spent so companies and funds could accumulate a significant position at a relative discount. And indeed, there are at least two fat and curiously unchallenged double bottoms presented in the 4H chart that just happen to be in the sub-50% dealing range and at a price so low that it will have margin calling and leave ZeroHedge and Javier Blas from Bloomberg and friends in bewildered disbelief as to how energy commodities aren't worth anything "in a recession." I often say that what a person thinks can happen and what is actually happening in this world and this Universe are simply two totally different things. A human being is heavily deceived by the slow grind of time and the ostensible appearance before their eyes. Reality, on the other hand, simply follows a certain law and it will complete itself according to that law no matter how anyone cries about it. Whoever is in harmony with the law will establish themselves, and whoever is afoul of the law will get liquidated. The caveat to this chart is time. I can only fit so many 4H candles in a window and so the time on this chart only extends into early October. These lower prices, if they really come, could happen later in October or even in November. And while it'll really be quite the opportunity, it's also a "second mouse gets the cheese" kind of thing for those who are trying to get long for the moon at $7 and $6.
NYMEX:NG1!
by LordWrymouth
8