BITTREX:USOUSD USO having retraced down from its high at resistance above its uptrend until bouncing off a retriacement Fibonacci level is now poised to rebound up until at least hitting the respective Fibonacci levels of that move. This appears to be a bullish pennant now ready for a continuation / breakout. I see an immediate term upside of 10% and...
NYSE:OXY One hour chart: NYSE:OXY In the past day, the relative volume of sellers has decreased and price momentum is gradually increasing despite the general market reaction to federal economic news. The flat bottom triangle breakout suggests sellers are capitulating on pricing given current circumstances. The RSI Oscillator is in a mid-range suggesting...
Chevron Corporation ( NYSE:CVX ) Sector: Energy Minerals (Integrated Oil ) Market Capitalization: 319.434B Current Price: $163.19 Breakout price: $164.35 Buy Zone (Top/Bottom Range): $156.20-$146.90 Price Target: $180.00-$182.70 Estimated Duration to Target: 48-50d Contract of Interest: $CVX 10/21/22 170c Trade price as of publish date: $5.60/contract
NYSE:OXY OXY has market momentum with the ongoing Buffet buying frenzy. It has been in a pattern since the spring 2022 Buffet buying that is a flat bottom triangle. The latest buying seems to be resulting in a breakout from the triangle yet without retest. Rising relative strength on the RSI serves to validate the move. Buffet seems to know that the...
NYSE:OXY Massive Bullish Candle takes out 90 days of price action See the chart for more analysis Time is of the essence as they say; buy now or do not chase !
Great moment on the CVX coin. Previously, I posted an idea for this coin, indicating the end of the correction was imminent. At the moment, the formation of the final wave 5 in wave C (as part of the ABC correction) began. I have already opened a long position and plan to increase volume as it descends to the $4.5 level.
In this chart, I have plotted the ratio of the price of the USOIL ETF over the DIA, which is the broad ETF for the DJI. The chart shows the USOIL ETF has been stronger than the DIA until the market lows in mid June after which the DIA rebounded while hot oil prices cooled off. The analysis would be is that oil prices may be relatively undervalued at present...
VANTAGE:USOUSD With the news catalyst of massive new open leases on federal land for USOIL and the big oil companies USOUSD has reacted with a big uptrend. with major resistance 3 to 4 percent higher this may continue. This seems to be a good setup for a swing long trade on USOUSD and potentially any of the big oil stocks.
I present to you a great trading plan for CVX. A powerful upward momentum was formed in wave 1 or A, with truncation in the intermediate wave 5. At the moment the price is already correcting in wave 2 or B, forming an ABC correction pattern, which may end very soon. I plan to open a long position on the completion of the intermediate wave C (in wave 2 or B).
Hi dear friends, hope you are well and welcome to the new update on Convex Finance (CVX) with BTC pair. On a 4-hour time frame, CVX has formed a bullish Gartley pattern. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
USOIL makes what looks like a classic Elliot Flat Correction. But where does it go from here? Is the correction a pause in upward prices? Or is the correction the change in direction from uptrend to downtrend? Note that the bottom yellow dotted line is the 200day MA area. Haven't even bounced off that yet.
Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. - Revenue and earnings beat - Higher oil prices - High volume - Above 200 EMA
We are now at the top of the descending channel after CVX broke below the key support. I'd expect a continuation of the price drop, at least towards the 127.2% Fibs.
CVX/USDT short Entry Range: $7.00 - 7.95 Price Target 1: $5.75 Price Target 2: $4.60 Price Target 3: $3.30 Stop Loss: $8.95
The CRV projection shows bottoms likely in and we have been buying down for a very nice avg entry. Mine is somewhere around $1.30 if I am to remove all the free coins I've made trading CRV during the2021 bull market. This is a boring chart showing that we land somewhere around $6 EOY -Jan 2023 but we should expect a slow recovery here becuase USA Markets are a...
$CVX Chevron Corp This is one of my favorite charts because it had a clear UPTHRUST WYCKOFF DISTRIBUTION PATTERN and I was able to short the full measured move down without a sweat and share that with my friends, yay money! Chevron has completed the full measured move down on the WYCKOFF distribution pattern and is showing signs of accumulation. A few things to...
INVESTMENT CONTEXT Lithuania limited railway cargo transit across its territory from Russia to Kaliningrad; Russia dubbed the move as "openly hostile" Russia overtook Saudi Arabia as China’s biggest supplier of crude oil. Russian crude exports to China surged 55% in May Turkey, Sweden and Finland met to discuss Turkey's opposition to the Nordic...
Usoil may have peaked for at least a few months. Any higher than 124 and I'm wrong, but very few people are thinking we are about to embark on a C wave down. If this is true Oil will start to underperform the SPX.