$OXY hourly bullish breakout in progres$OXY is looking like a bullish setup into next week. Extremely strong hourly buy signal.
OXYP trade ideas
OXY in a downtrend channel (bearish) 🔴I am expecting continuation down to 51-52 area before a potential short term bottom is in here .
OXY - Recovery After Small FallOXY has developed a strong trend line in solid white
The dashed trend line is a slightly weaker trend line
A small drop and support bounce will lead price to new highs
Betting against the BuffetI'm not saying this doesn't go higher eventually, but a pullback to 42 area (breakout zone) looks likely first. Aligns with my view on oil.
HOW TO: Using Notes To Capture Why You Took A TradeThought I would make a video on a really simple and integrated way to help you record why you took a trade and what the chart looked like at the time without having to publish it.
TradingView Notes allows you to take a screen capture of the chart as well as your indicators and drawings being used at the time and easily recall them.
Well worth using if you want to help improve your trading and find similar setups.
Hope you like it.
$OXY Bearish Sentiment - In Line with Energy Sector Rather than look at XLE or the energy sector as a whole - looking at an integrated Oil and Gas company with more volatility gives us a better picture of the environment. There are obviously severe worries of a recession - hence the breaking of correlation between OXY and OIL futures the past couple days. With oil futures falling as well, the backdrop sets a fairly bearish tone for the short term. Looking at the levels, OXY could fall into the mid 40s prior to consolidation and then possible bullish setup.
Bullish case: Russia and/or OPEC production shortages supply constraining...US Demand stays strong...GDP growth stays positive for Q2
Bearish case: Oil continues to fall due to expected demand falling... Russia/OPEC issues subside/aren't as bad as expected...Fiscal policies before midterms
OXY and W.A+WTZ4 SetupOXY is likely moving on W.A after the whole impulse wave completely ended. I wait for it break down W.iv of V before entering to make sure W.A begin. Normally when W.3Ext. impulse is ended, the first corrective wave will end at least wave 4 of the previous impulse. So, I apply WTZ4 for checking my analysis and strategy. Enjoy your trading.
Oxy on its path to $55. Oxy is in a downtrend and will see belo $60 soon with a potential to hit around bottom of the price action which is around $53 soon. IMO. Please trade safe as this is not a financial advixe
OXY Bearish DivergenceOXY displaying bearish divergence on the weekly chart, reaching new price highs on dwindling RSI. Support around 57.86
OXY Crowded Power PlayAnother Oil & Gas Power Play. 100% or more in less that 8 weeks. Been trading tight and holding since March. Overcrowded trade. IMO it makes more sense to buy oil names on pull backs to the 50 day than on breakouts but will give it small go again as it broke out today from tight area.
watching for consolidation breakout 👀hit our first target to upside I mentioned in last analysis so congrats to OXY longs!
now we are struggling to break past our first target again (71.65) and near RSI resistance!
be ready to play both sides in this market, watching for longs above 71.55, shorts below 67.03/trend support.
also please dont forget to like and follow if you enjoy my analysis, thank you! ♥
OXY Looking To Short This Name In The $90 Area Title says it all IF and that's a BIG IFOXY can get back to $88 / $90 we will get short this name NOT BEFORE Not Advice Do your Own DD And Follow @dRends35 on these names
26/5/2022 NYSE (OXY)Buy (Entry Price) above the black line and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
Entry Price: $66.53
Target Price: $67.90
Stop Loss: $64.24
is it a real breakout? or just a trap.. lets see!! OXY currently trying to breakout from the 3 month consolidation faze, it looks like a potential fake out breakout though so longs should be cautious.
If breakout can hold and we see continuation to upside my targets are 71.61-81.65-91.69
but break below 61.14 and it can go back to 51-53 supports
OXY - Energy Sector Still Strong1) High Tight Flag on the weekly supported by extremely strong buying volume.
2) Tight consolidation observed on the 30 min with greater buying volume and smaller selling volume.
3) Risk : Reward for the trade is 1:3
4) Not financial advice, happy trading!
Long scalp OXYBased on its uptrend, rebound from support and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF OXY exceeds yesterday's high of $60.23 during today's session.
Oxy Oxy has been strong with good RS, respecting that 50sma, and looking at the 30min chart its up and over the 5dma.. maybe it continues higher.. just not really excited about buying much of anything in this market...
OXY: Can earnings boost momentum?!Occidental Petroleum
Short Term - We look to Buy at 55.37 (stop at 50.76)
Trading within a Bullish Channel formation. We are assessed to be in a corrective mode lower. Our expectation now is for this swing lower to continue towards the bottom of the trend channel, to complete a correction before buyers return. Earnings news could provide a good catalyst for the move.
Our profit targets will be 67.90 and 72.00
Resistance: 60.00 / 64.00 / 68.00
Support: 55.00 / 52.00 / 49.00
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Trend Determination Chart (OXY)This is a trend determination chart.
Price is above all the major moving averages (20, 50, 100, 200 SMA).
Supertrend is showing uptrend (Green).
Price is above the Green Ichimoku cloud .
Aroon - Green line crossed above Red line
ADX/DI NYSE:OXY - Di Green line above the DI Red line. ADX is above 25
It generates a BUY signal. To pinpoint entry/exit point, you need to see other indicators like RSI, CCI, Stochastic, MACD extra.
$OXY Breakout with Target 63,60$$OXY with a nice #HeikinAshiRangeBreakout and reclaim of lower band of vwap - short term target 63,60
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