Most important resistance level!I think CVX will test its most important resistance level at 115 next week. We should wait and see if it could pass.
CHV trade ideas
Chevron 4 Hour- BUY
- PRICE BOUNCED OFF 20 MOVING AVERAGE
- AWAITING FOR PRICE TO BREAK RESISTANCE AT 103.40
IRON TARIHi guys,
this is a new trade for this week.
Since the low IVrank I trade this with diagonals, to benefit of an IV rise.
Subscribe for free to my strategy and
Enjoy your wallet!
Tari.
Why The Oil Stocks Not Moving With Crude Oil Markets?The energy market particularly the crude oil seems to meet its old resistance area as depicted on the Brent crude oil chart. The price confluence area seems intact for the time being and it has been there since 2018. Current outlook for the crude oil market is not buoyed enough to justify its north trajectory.
This can also be clearly seen on major oil producing company such as Chevron and Royal Dutch Shell. In the recent price escalation of crude oil, both oil producing companies does not react as expected. In the case of Chevron, a strong resistance exists from last year gap down move (early June 2020) depicted on the chart by the island chart pattern. Price keep on bouncing down whenever it tried to break it.
Looking at other side of the game, the renewable energy sector looks to cash in on the current situation and with new stimulus package from President Biden, that favors renewable energy development demand could be tapped off for the crude oil. Lately, we have heard and read the news most iconic automotive brand are switching to electrified vehicle (EV) to reduce carbon emission and profit from it. This could happen sooner that we might think, as shown by Jaguar Land Rover (JLR) announcing to produced all electric vehicle on all their models range by 2024. The major plane maker Airbus is currently developing a similar carbon emission free aircraft, which could further lower the demand for crude oil.
Something to Watchno confirmation = no trade
no profit margin = no trade
must get a confirmation on LTF
Either 15M Timeframe or 10M or 5M
we must get a change of trend on those timeframes like price coming into the zone with LL/LH and we need HH/HL To come in!
that's how i enter 99% of my trades
Chevron MT (January 29th 2021)Chevron (CVX) (January 29th 2021 through July 2021)
Low: $71-$74
High: $93-$94
Took a look at this the other night for Cindicator, finding some interesting things in the current patterns since March 2020.
I think Chevron might report a positive guidance today in their Q4 2020 reports, but if not, perhaps the most recent reports and the next one in 3 months could help confirm potential long or short summer 2021 targets. For some reason I get the feeling the EPS will not outperform analyst expectations of $-0.08 today but that could be totally short sighted.
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CVX - EW analysis - ABC zigzag upCVX - It is in ABC zigzag up. The 5th wave up expected to go higher to finish either the C wave or 1st wave of it. Expecting new high above 97 within the current move up.
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Chevron due for breakoutChevron might finally break out of resistance around 95.6$. This was THE resistance for 2020.
Fundamentals brightened up and HSBC raised it to buy from hold with a target of $105.
A Measured Move could take CVX to the Century Mark 100the Extreme Turn Buy signal comes in at a key support zone. CVX showed an impulse move from %83 to $95.50. The initial Ext Turn buy produced a nice winner and now we're back at the key
level as the markets trade to new highs. Could pull in to till the $85-86 Gap then go. Looking for 4% move to High to High trendline then 13% to $100 on a 1 to 1 move from the impulse leg.
Options Trade: CVX option would be JAN 85/100 Bull Call Spread for $5 or better.
CVX - Elliottwave analysis - ABC zigzag cycle CVX - It is in B wave correction as abc flat corection, which might end near 85-86 zone. Thereafter expecting C wave to go higher up to 107-112 range.
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CVX-2.169*XOM $CVX Chevron Corp vs. $XOM Exxon Mobil CorpQuantamental Tools for Proprietary and Retail Investors.
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Long 1000 $CVX
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CVX - Elliottwave analysis - ABC zigzag cycleCVX - It is in B wave correction after impulse wave A completed at last high. B wave is expectd to be flat correction and probably ends near 86-85 zone. Buy once the B wave finishes for C wave up which will go above 100 level easily.
Give thumbs up if you really like the trade idea.
CHEVRON CORP DL Good Entry SellI am a consultant for anyone who needs a consultant, I see that CHEVRON Corp will GO DOWN IN FEW DAYS when the market open
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CVXThe trend clearly indicates an uptrend
1. We can see some correction around 89 area
If the price holds 89 areas then it is most likely to
continue going up to 100 and above area
2. If price breaks 89 areas then we then next zone 80 area
