Get started
KuomingtangCapital

$OXY Long-Term Outlook

Long
Occidental Petroleum Corporation (NYSE:OXY)  
KuomingtangCapital  
NYSE:OXY   Occidental Petroleum Corporation
Trend Analysis Chart Patterns
0
0
trendanalysis chartpattern
It appears that the market is starting to coil and could see future downward pressure. Oil will follow temporarily but I believe contains a geo-political risk that could see prices skyrocketing in the near to mid-term. Because of this belief, I would long OXY due to Berkshire Hathaway backing and government subsidies for carbon capture.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.