$OXY
Added 2023-10-18 13:49:44 +0000 UTC$OXY has moved up to the top of the trend line from the October '22 high and the Sept '23 high.
Flipping this level now to support will show another breakout, will put this comfortably above its 50 and 200 Day MA too.
There is no doubt that as long as this conflict continues to escalate and it has over the last 24hrs, this will continue to put pressure on the price of oil.
So flipping $66.85 to a support level is bullish here for $OXY.
Comments
Do you think that several companies in the oil and gas sector have similar chart? I have HAL and VIST... I would be curious to compare. So far these two stocks have performed better than OXY... but do they still have much gas left in the tank?
Luc
2023-10-19 03:20:11 +0000 UTC
