Occidental Petroleum is going to break to the upside soon
Geo political news:
Wars create demand for oil and there is no shortage of warfare taking place globally. The blue parallel channel starts from the Russian invasion of Ukraine. I need not mention what started a few weeks ago..
OPEC+ has already vowed to continue tightening output through the end of the...
They might just channel this out to steal some options premiums. This approximate price range has been a support/ resistance level for over a decade now.
Berkshire Hathaway bought in at this level again from October 23-25 increasing their stake even further.
I assume they know things we dont so I expect the rally we're witnessing to continue but who knows,...
NYSE:XOM
Classic 5 wave pattern forming beginning in about Nov. 2020
Oil and Natural Gas supply disruptions will keep pushing price levels higher if demand doesn't wane
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Overall Inflation will continue to drive equities prices higher unless the Fed tightens at a faster rate than anticipated
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The seasonal gas transition will likely compound price inflation...
In the last 30 minutes or so of trading today, there was a sharp volume increase and a downward movement of prices.
This week, more often than not, when the volume oscillator pushed upward sharply from below 0, prices fell. The last 30 minutes of trading today were no exception.
What does this indicate?
Smart money has been heavily bearish on TSLA recently....
In my last video I observed the past trading week and discussed possible Institutional/ market-maker volume and the corresponding downward price moves.
When analyzing a volume profile indicator, the "point of control" is the price at which the most trading volume has occurred over a certain period of time.
Since TSLA reached its peak price of $1,229.91 on...
I think AAPL is an ABC correction as outlined above.
I suspect the May rate hike might anchor the price down.
AAPL may continue to bounce along the $165- 168 levels and then give way closer to the announcement by the Fed.
Let me know what you think!
Above is an extrapolation of the possible road to breach 13K in the next few weeks. There is a clear bull pennant that formed since the rebound in March 2020 that channelled out until late July. The regression trend from March to mid August demonstrates a consistent uptrend with a recent breakout in late July. However, the price is retracing today and may dip...
