Aiming for Marh 90$ contract for March 18th currently at 130$. 2022-01-25
Strong Relative strength. making highs with volume Similar to $COP $MAR
The Paper trade idea, basing off the hammer on 12/15 and looking at the gap up in 9/24, looks like a solid place to buy and hold with VLO being in a nice uptrend. Let me know your thoughts!
VLO has a nice pattern developing. The government is now using reserves to help offset the inflation that they are causing and will continue to get worse. Oil should be a benefactor in this as well as the refiners. If inflation turns out to be transitory (not going to happen when you increase the M2 money supply by 40%) then the rise in commodity prices will be...
LONG-TERM: Potential inverse head & shoulders, with the right shoulder lining up at a historical support/resistance level and bouncing off of it. Also potential for hidden bullish divergence on the daily. (not financial advice)
here is $VLO in the same group as $PBF but with 30% cup base depth. that's much better and having plenty qualities to like. OBV new high before price, multiple pocket pivots on the right side of the base. I like it.
Some futures markets offer contracts that are related to others and are processed products of the commodity. Understanding the price relationships, history, and paths of least resistance of the processed product versus the original input can provide valuable insight into supply and demand fundamentals. Moreover, these relationships shed light on other related...
The new October high confirms the persisting momentum.
General Trend Up Last swing move 0.236 went back further and found a previous swing move with a retracement of 0.786 and an internal structure of a 3 wave Structure W-X-Y are completed currently the beginning of a down move X internal structure (A-B-C) Earning report on 22nd April.2021
NYSE:VLO Possible Scenario: LONG Evidence: Price Action TP1~ 80$. TP2 ~85$ SL ~78.65$ as support Call options, Strike 90$, 06/18/21 10% initial Position | 10% For averaging down or up Call options, Strike 95$, 09/17/21 40% initial Position | 40% For averaging down or up * This is my idea and could be wrong 100%
VLO - valero oil co, possible area for a reversal to the downside . Hitting a sequential 9 this week. Bearish cypher.!!!! Also at a place of previous support and resistance. I am and have been bullish on most commodities especially oil and energy companies. (for weeks)... but this looks like an opportunity for a quick short position. One could watch...
Sign of Strength in the chart: 1. Mark-up Stage 2. Green Pentagon increasing volume 3. Price above 20/40ma Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
PAYING ARISTOCRAT CAN SET UP YOUR FAMILY FOR LIFE. ALSO HOW WHERE IS OIL HEADED??? AND QUICKLY SCAN #GBPUSD #FX #eurusd
Mid Cup is 56.28 Cup depth is 41.67 Earnings this week. No recommendation. VLO is in a rectangle and hanging out on the handle. Breaking from the rectangle would be it's first task in my opinion, but this would also be a long entry to the cup and handle pattern as it is not there yet. Lots of R overhead.
NYSE:VLO $2M in premium traded for $80 strike calls for Friday June 18th 2021 expiration traded today. Unusual Activity for $80 calls about 10,000 contracts traded around 10.25pm @ approx $1.70 (Above Open interest of only 4657) Volume 23K Plug power earnings date is 04/22/2021 Thursday Bounced off 50 EMA multiple times showing good downside support. CCI is...
Last time price got close to the gap zone, it fell away quickly. This time, price can't be pushed away. If we chew up all the sell orders before running out of bullish momentum we should break right through the gap zone. The energy sector has been strong and should help pull it up. See the strong correlation to oil prices at the bottom of the chart.
Just an observation and not a recommendation. On weekly the price is approaching to MA200 and strong downtrend resistance. There are many "if" but if it breaks, if global demand of energy increase, if treasurers, if inflation, if whole market, than possible 'long" based on measured move. If not than possible reveres and "short" based on measured move. RSI on...
First off, sorry for the odd orange lines, I couldn't make the chart 5 minute resolution for this one-day prediction. Instead I tried to predict where the most trading would commence for a given 15 minute timeframe by overlapping transparent lines on the 5 minute chart. The basic premise is that Valero will end the day in the red after making a semi-H&S...