OXYOXY is still bullish on all major timeframes. Expecting more bullish momentum. The first bullish price target is around the $85 level Longer term price target could be the $100 level. Longby ObringerPublished 0
$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. Longby rc9257Updated 2
$OXY with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $OXY after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 42.86%. Longby EPSMomentumPublished 0
OXY: 3 Line Strike If The Week Closes Like ThisWe have 2 instances of MACD Bearish Divergence along with some RSI Divergence and a potential for there week to confirm a Bullish 3 Line Strike if the weekly can close below the last 3 bullish candle bodies. Based off of this i think Occidental Petroleum will be coming back down to $35.00Shortby RizeSenpaiPublished 2
OXYt strategyShort term trade set up to hedge long position, ex-dividend date may trigger sell off. While price made a higher high, RSI set another negative divergence. Also noting buy volume is getting thin. In EW terms, this rally off the June low seems to be corrective 3 waves. Contra argument: neckline around 57-58, coincide with huge volume profile wedge, may provide strong support. Shortby EuroStockOptionUpdated 0
OXY Simple Chart AnalysisOXY would be more advantage here as majority o&g QR was positive. Its QR will announced on the 9th Nov & current price looks supported too.by FFCloudPublished 2
OXY rising from buying zone after fall from Head and ShouldersNYSE:OXY Warren Buffett's favorite new acquisition is now in an uptrend and following somewhat of an ascending wedge. This appears to be a good swing long setup with a Stop Loss of 71.6 at the recent pivot low and a Take Profit at the neckline of the head and shoulders pattern which signalled the downtrend at 73.83 . I will trade this with the call options expiring 11/18 with the strike of 73.Longby AwesomeAvaniUpdated 4
OXY approaching cluster resistance 🔴bulls are going to have hard time crossing extreme resistance zone/local trend resistance. I think dump to 63-65 before next leg higher is likely! bearish short term bullish long term here (buffet is long you don't want to bet against him long term lol) Drop a boost and follow for more 💙🎃Shortby Vibranium_CapitalPublished 5517
oil tankers, ETFs, individual stocks performance comparison 1 year performance (taking into account of dividends re-investment): JOY> STNG>OXY>XEG>FLNG>XLE>FCG>XOP>OIH What's the implication? JOY: small cap Canadian stocks which is very aggressive , high beta with oil STNG: tankers, benefited from the Ukraine war and would continue to be so assume the war goes on OXY: no hedges on, relatively small, Warren buffets holdings. Less likely to be shorted by short-sellers because short sellers know Buffett would be buying when it dips XEG: Canadian ETFs. Have a better sharp ratio than US ETFs. Why? Because not many people could short it and the trading volume is low. Politically Canada is more 'stable' than USA, less chance they would be targeted by politician on windfall tax FLNG: similar to STNG? XLE: US big caps FCG: performed not that good maybe due to the freeman port explosion, may catch up later once the port is fixed XOP: more spread out than XLE OIH: oil refineries technology and related equipment companies. Not in its hay days yet unless there are more refinery activities, which is currently not politically feasible. However it would catch-up if there are more oil exploration activities in the future. Longby zhil-sPublished 0
ENERGY Warren Buffet was right, all major energy companies are primed to rip. Major cycle for energy before electric vehicles take over. Longby mattyd403Published 4
Is Oxy to $80?If Oxy can close above 72.04 on Monday there is every potential to reach $77 and then $80 strike price in a week or two. Look out for a break of $72.04. I am leaning bullish on Oxy atleast for short term. Longby JovistPublished 1
What's Going On With Oxy?Will OXY break out of this huge flag? What's the next stop $80? Longby CryptoQuePublished 1
OXYNeeds above that 73 and this could be headed back towards its ATH and more If dips ever appear and this trades sub 50's load it. Buffett likes it, so do I all you need to knowLongby tslatradesPublished 222
Occidental BULLISH biasBroadening Diamond Formation on Occidental Bias upside: MA's Bullish and price keeps bouncing up on 200MA - then going to new highs. RSI up and making higher lows Target $91.90Longby TimonrossoPublished 4
Exited $OXY 74 OCT14 calls Exited $OXY 74 OCT14 calls last Friday for a decent +180%. Why? As it stopped going 2 up in green. by RobinsOptionsPublished 0
Is $OXY, oil, still an investment to hold?Zooming out over years on this monthly chart, you can see OXY has been rangebound after a big price rise. Note price has made a higher high and lower low, and it is trying to stay over the 200sma, so now the question is whether or not the yellow line holds as resistance. White lines mark higher price targets if oil is to become more expensive. On the weekly chart there is an important strength indicator. RSI(14) tested 50 and moved up, and this week's candle triggered long when price moved over last week's high (signal candle).by OptionsRisingPublished 5
OXY Monthly Pennant OXY waving a huge flag. I'm not saying you should buy it. I'm not saying that WW3 is possible, I'm not saying that gas prices are going to go up, I'm not saying that Europe is facing a cold cold Winter. I'm saying you should do your own research. Longby CryptoQuePublished 4
OXY daily bearish hammer at Fibonacci 50% retracementSell Stop 64.36 LMT 64.36 GTC Buy Limit 48.07 GTC Buy Stop 71.24 GTC OXY daily bearish hammer at Fibonacci 50% retracement beginning if wave 3 downtrend.Shortby MishaSuvorovUpdated 1
$OXY with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $OXY after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 33.33%. by EPSMomentumPublished 0
Long on OXY ?!Watching this potential bounce from LOW on OXY, the sector looks oversold, and gas prices continue to rise. Breaking trendline, Support Levels bounce! (Short Term) Trend changes from a bearish to a bullish! Target at $65.70 , $67.79 Stoploss at $60 RR is 2.89 ! So I would take the risk at any time!by tradeswithkPublished 223
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. by SpyMasterTradesPublished 101049
OXY shortShorting OXY as: - Hit liquidation zone - Hit the opening gap down - Shows a high RR for the trend ton 'fade'Shortby thinkCNEPublished 2
$OXYDefinitely in phase 3 - distribution. Could create a triple top but I'd be careful with energies after this rally. I'm going to short below the volume shelf and below 50 MA (red). Today we might have a bounce.Shortby LiathetraderPublished 223