A lot of our Top 10 charts are green now while the overall market is red, this goes for a lot of the safe havens we follow too.
$OXY is also green and continues its strong bounce from $45 and now at $51.
Price is also above the 50 Day MA now and the 0.5 Fib and moving back up to the wedge bottom line at $54.
Back above this line is a big win for the bulls, as this was a support level for over 18 months and also the Buffett Buy Zone, this may also encourage buyers back into $OXY too, I would also be interested.
JZ
2025-01-14 15:16:09 +0000 UTC