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OOO

Occidental Petroleum Corp (Extended Hours)

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OXY trade ideas

$OXY Goodnight Daily chart doesn't show & tell as much as 4Hourly does. Neg MFI divergence to compliment a break of 20 EMA + bearish 20 crossover of 55MA (low). Candle pattern towards top is like de ja vu all the way back to late Jan. OPEC meeting coming up so I'm sure that'll add to a temporary panic sell, but OPEC potentially planning to increase production so depending on the outcome, I'd be bullish after seeing a dip. $77.50 first target price w/ $72.50 worst case before seeing a re-trace but, it's not easy being bullish on crude with a bullish US dollar
NYSE:OXYShort
by DerekD_