OXY - A move above the high should start a new rallyLooking for this one to go to 78$ at first. Positive earnings last few quarters and good looking volume pattern indicate a potential breakout is imminent. The wave count suggests we are finishing a wave 4 of higher degree wave iii.Longby ElliottWaveBelgiumPublished 775
OXY - could break out of consolidation soon?After trading up strongly in late February, OXY went into consolidation for the past 6 weeks, forming a right angle wedge. It is now looking like a breakout to the upside is near. If and when it does start closing above 62.50, i will be looking at targets of around 72 (wedge breakup target) to 77 (a prior high way back in June 2018). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Cheers. Longby JuliacPublished 112
$OXY Power Play SetupPotential Hight Tight Flag #PowerPlay on $OXY with mini coil One of the oil names on primary watch list for next week.Longby TaPlotPublished 9
OXY getting tight. . .................................................................................................................Longby cdarbonne3344Published 1
Can $OXY Continue To Breakout?$OXY has broken out several times and went on a nice run-up due to the in-demand sector it's a part of. I'm still seeing lots of indicators that led me to believe it can keep running with the strength it has. If it breaks over the $63 level then there will be more upside for $OXY.Longby Dwebb205Published 0
Bedside fairy tale How do successful traders of odds become 1- Peace of mind, low-key goals This is a conservative trader: set low annual earnings targets and settle for more than 20 per cent; Do not want to have large fluctuations in capital equity; Leverage in real trading is a third of what it was when he was younger. 2- Relatively pure theory and method Three types of people are not suitable for commodity futures trading: (1) day traders; ② stare at more than disk; ③ Those who are emotionally serious 3- Keep pace with The Times, good at summarizing and self-improvement Some personalized solutions are proposed for breaking the market: don't chase the market for missed trading opportunities; Once you have taken profits in a market, avoid trading in that market for a few days 4- The ability to improvise There is a sugar trade in which the author was initially very bullish on a long breakout, but it backfired: the upside breakout was false, and then he made huge profits by shorting the downside breakout 5- Good sense of risk control Successful market speculation is based on risk management. Like Texas Hold 'em, how you play your cards well is more important than what you are dealt. Futures Sniper: 21 Weeks of Trading WinnersLongby HaogePublished 778
OxyManaged to break back into my support. So cme in as a fake breakdown starting. This could turn bullish since it’s so tight in between support and resiatnce. I still see a long term risinf brodenig wedge but if we pop and hold 58s I’ll be watching 60s and high of 68 or old high. It was looong bearish Howver that drop could still turn into a double bottom as we found support at previous low range. I’m still not convinced but I’ll flip my bias short term if this starts pickup steer. I did get stopped out of a few contracts I opened at 57.40s. In profits. Got a few more I may stop out if we close above 58sby ErictaylorPublished 1
Oxy So far the short is working out beautifully I ended up adding on the little pop we got this morning. We can see that we have now broken down from that 5550 area. The target of this is the bottom of this whole channel, but nothing go straight down. The first support area that I would be watching is the 54.53. That was an area that we saw a WIC recently that pushed us back up and buyers may sit there hoping for a bottom. If we get a bounce there most likely it will come back up in retest the breakdown of the pattern and another great opportunity to short. If it can’t break back above 56 of course, adding more to your short there would be smart. The next targeted move down would be roughly the $51-$50 range. And obviously if that was to be lost, we could see much lower prices but this could take a month to play out. So if you’re buying puts, make sure you’re giving yourself enough time for price action to set up for more Barash movesShortby ErictaylorPublished 0
Oxy Next one to break down I. Oil sector. Us oil started the trend oxy about to follow. Look for a break of 55.40 and confirmed break down ! Target to start is 50.80Shortby ErictaylorPublished 111
Occidental has strong resistance at $ 80Occidental has strong resistance at $ 80. According to Fibonacci it's in uptrend. We can reach the $ 80 resistance in my opinion.Longby Rich_Exclusive_TradingPublished 0
OXY breakoutHey folks happy weekends! Here is a great stock to keep on your watchlist!by kenhuangsy2Published 5
OXY - ready to breakdownOXY’s negative RSI divergence in the overbought zone has now been followed up with a confirmatory PPO sell signal. A drop to 47-50 area looks likely. Shortby IronFlyLtdPublished 110
Recap: 3/24 OXYStrat play 4/2 57p Setup: 1-2-2 bearish revstrat Theoretical gain: 1.13->1.74 Wide spreads at open + market chop, didn't enter.Shortby pmok3Published 0
Occidental Petroleum (NYSE: $OXY) Boost By Berkshire Hathaway!🛢Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, Africa, and Latin America. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. Its Chemical segment manufactures and markets basic chemicals, including chlorine, caustic soda, chlorinated organics, potassium chemicals, ethylene dichloride, chlorinated isocyanurates, sodium silicates, and calcium chloride; vinyls comprising vinyl chloride monomer, polyvinyl chloride, and ethylene. The Midstream and Marketing segment gathers, processes, transports, stores, purchases, and markets oil, condensate, NGLs, natural gas, carbon dioxide, and power. This segment also trades around its assets consisting of transportation and storage capacity; and invests in entities. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas.Longby RedHotStocksPublished 2213
OXY OPTION IDEADue to it being both pre market and in an ascending triangle pattern OXY could go either way. I'm trying a different strategy and playing the break out that could lead it in either direction. Purple indicating price targets and teal to green are designated entry lines pending on which way price swings. Good luck everyone this week.by CosmicLoFyPublished 2
OXY Found its ResistanceOn daily charts, OXY found its resistance around $59, and volume is decreasing. So we could see stock price will pull down around $42.Shortby Yadada786_AnishPublished 112
OXY zoomed through impt Fib levels; see all take profit zonesSupply of commodities like oil, natural gas & wheat will be greatly affected by the Russian-Ukraine war. OXY shows the strongest gain among oil stocks. Notice the different target Fibo levels to determine the poyential support & resistance zones to buy or take profits. RSI oversold so it may retrace a little before a run to the next level. Not trading adviceLongby xtremerider8Published 886
This is a great time to buy oil ! Trump saysPardon me, but I am not going to care what President Trump says. Regardless of equities, commodities , currencies or indices, it works on a simple equation. That is demand and supply. We already know from various sources that Oil supply now is exorbitant and demand is sorely lacking. Think less air flight ,cruises , coaches, cars, trains , etc that are adversely affected by Covid-19. The more the cities remain lockdown and less people get out to drive, the less demand it is for Oil. So when demand is less than supply, price drop naturally. Many may have known that OXY is one stock owned by Warren Buffett. Though the stock has tanked badly, he is still collecting his 8% dividend from OXY. He is a very smart investor unlike activist Carl Icahn. He increased his stake in OXY and is adamant to change the entire board. Read article here At current price, it is too late to short (peak in 2018 was 88, 2019 was 48) and definitely not a buy for me even some analysts are saying to go contrarian. When in doubt, stay away.....by dchua1969Updated 2210
OXY - Onde di elliotPossibile inizio correzione semplice, target a 44 target b 38. Considerare correlazione con oil. Solo la mia idea. Ciaoby MasonsMPublished 1
Oxy's trend continues with a nice baseLooks like weve got a solid base formed above support levels.... in general, ima stay bullish on oil it's not let me down yet and ive been hanging in there since low $30's Longby ismartinvestingUpdated 336
18/2/2022 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.Longby Airecap_HyperUpdated 2
2/13/22 OXYOccidental Petroleum Corporation ( NYSE:OXY ) Sector: Energy Minerals (Oil & Gas Production) Market Capitalization: 40.143B Current Price: $42.98 Breakout price: $41.55 (hold above) Buy Zone (Top/Bottom Range): $41.50-$38.40 Price Target: $39.20-$40.50 (Reached), $48.40-$50.60 (2nd) Estimated Duration to Target: 80-83d (2nd) Contract of Interest: $OXY 5/20/22 50c Trade price as of publish date: $2.50/contractLongby lord_catnipPublished 112