#OIL looks WEAK 2day We've limited positions, TINY Still huge head & shoulder pattern These trades are best for LONGER term frames Too much that can happen $MPC $PSX $XOM $CVX #MLP #CrudeOil
We nibbled on #Oil & not off anywhere near worthy to nibble more We're not making any large trades as we want to hold BIG year gains @ MAJOR SUPPORT & starting 2b oversold 🚨🚨🚨 Hmmm, look at 2nd chart & then 3rd, what do you👀 $XOM $CVX $PSX $MPC #energy
Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum...
PSX has just broken out of a W Formation. The target is now set to 144.22. CONCERNS: Medium probability trade as the previous trend was sideways...
Weekly Engulfing Charts are clearly not a preferred look for the Buy Side and those riding the Bullish Tilt-O-Whirl - Bodies are being flung everywhere. The Dollar is doing its thing, it ran to our PO at 107.65 with a 107.67 print and reversed yet again. it's been a pattern as the EuroDollar continues the ties that bind, Dollar shortages create demand until the...
Bull Flags... from the Methaqualone Pranksters. Violent 1 PM EST News cycles continue to provide, sudden and violent drops. Giggle took its turn with a reduction in the Rate of Change of Hiring - aka LAYOFFS. Expect many more to come... they will. Wally World has its special brand of Agenda during the Summer Squeeze. SPY Put Bagholders continue to try to...
The Solid Green line is now a strong support Areas in white circles are very similar We can expect bullish results
Crude Oil, Gasoline, and energy stocks are breaking out. These are the charts and trends we are watching most closely to confirm this breakout.
Market hasn't favored the breakout stocks but PSX has continuously shown strength and finally broken out from a nice triangle consolidation pattern since 2020. Livermore effect with 100 magnet and then some if trade plays out. Nice volume uptick past weeks and RSI bullish confluence I'm long JUN 100 calls , stop at 50% premium.
Not so hot sozo... OB ST. Another look at ES for Time. PCC - use it for Buy Zone - it worked again and is batting 1K.
4024 LIS, Globex TOSS which is acting as Resistance. 8:30 AM EST chip shot may well fail. Anticipation, misdirection and poof.
Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum...
Entry: at the market opening price Stop loss: closing below 81 Reward/Risk: Target range: 94-115 Time Frame: 4-12 wks Possible gain:10-30 % Possible loss: 3.5-5% Position size: 5% of trading capital You can see the most important support(green line) and resistance (red line) levels. Best, Dr. Moshkelgosha M.D DISCLAIMER I’m not a certified financial...
All futures gaps fill, and I guess even a war won't keep the algos from following their rules. Strange thing is it looks like a melt up now. No position. Might take a break this week. AT this point I expect both ES and YM to fill the gap. RTY and NQ already have.
EPS Season has been in line with our Projections for Q4, dismal would be Kind. As we move into Tech Reporting, it is important to remember Apple's guidance fro 10 Million iPhone Delivery was low, and share buybacks were to be halted into EPS during the Blackout Period. Money Center Banks began reporting and were Sold. Retail Sales missed by a large margin. ES...