OXY confirmed the wedge breakout on the weekly. I have a bunch of 70$ calls for Jan 2025, I wanted to tie up less capital to bet on oil prices increasing. This is the benefit of options vs spot. I can risk less money for more upside than just buying spot. Breakouts on longer-term time frames are much more reliable than lower term.
-Price targets remain 65$ short term
-74$ for the yearly
-Price targets remain 65$ short term
-74$ for the yearly