The world's third largest oil and gas company by market cap.- CHEVRON is ending a year long triple three correction.
The stock shows a good setup with high chances of moving from current levels of 144 towards the 170 mark(15% upside).
The stock is also standing at a crucial channel support that it has respected and reacted to on two different occasions in the...
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, Africa, and Latin America.
- BERKSHIRE HATHAWAY (Warren Buffet) is acquiring shares
- Expected earnings and revenue beat
- High oil prices
- High volume
- Above 200 EMA
XOM - Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally.
- Revenue and earnings beat
- Higher oil prices
- High volume
- Above 200 EMA
One of the simplest way to invest/trade Oil Companies is to study the Brent/WTI price movements because they are very correlated.
Every oil price crashes, oil companies will follow as well. Commodities is very volatile and for that comes an opportunity to profit.
In the last 50 years, every time the stock drops more than 50%, it follows by a rally. For this...
