$OXY has so far bounced on its wedge trend line from above and has moved up to its 200 Day MA, which is exactly at the 0.618 Fib now at $61.54, so we know this is now a confluence level, a breakout and retest of this level and you have your buy signal.
Remember, we don't expect this to move quickly, it will likely move as a safe haven would, slow and reliable.
I will add if we convert the 200 Day MA to support.
Brian
2024-07-31 15:53:37 +0000 UTC