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OXY "SHORT"I have been pretty trash with oil trades.. but this time I believe oxy will reach new all-time lows. There is much uncertainty from investors which makes this a perfect short IMO, I have a 5/8 buy put... didn't short at $17 simply cause I was at a huge loss from some other trade (not enough capital.) I think we will revisit $12 by today and continue to make lower highs throughout the week. This won't stop Donnie Pump from tweeting but there isn't much more he can do right now. The oil cuts aren't enough to ignore the fact we will run out of storage. Good Luck!
NYSE:OXYShort
by mzombie2
Chevron downside targetsThanks for viewing, After record (and very profitable) drops in Crude in the last few days, Chevron will be put under significant profitability pressure. Well, now we have dipped well below that due to: - as yet unknown, but likely double digit reductions in global demand for crude oil, - Russia not going along with the OPEC plan, which resulted in, - Saudi Arabia (for some reason) discounting up to $6 per barrel and markedly INCREASING production, - The stated aim of all this is to put higher US shale producers underwater - which may already be working. It looks like there will be major pressure on all high cost oil producers (Saudi Arabia has an all in cost basis around $10 per barrel) for some time. I am not picking on Chevron especially - but considering their situation in light of their (and recently) likely break-even price above $40. Where to from here? Probably a gap down when the markets open targeting below $72 in the short term, potentially much lower ($30 / share) if the price hangs around present (sub $30 per barrel) levels for any length of time. If Chevron gets that low, they make a lot of sense to pick up. Any catalysts for a major price increase? Not while Iran is busy fighting their COVID-19 outbreak - they are likely too busy at the moment to continue their work destabilising oil refining and shipping in the middle east with drones and cruise missiles.
NYSE:CVXShort
by flyinkiwi10
#CVX - Descending triangle breakout alertBreakout alert descending triangle on CVX. Chevron Corp. engages in the provision of administrative, financial management, and technology support for energy and chemical operations. It operates through the Upstream and Downstream segments. The stock is listed on the New York Stock Exchange. CVX price formed an almost one year-long reversal pattern as descending triangle, with the lower boundary as strong support at 108.90 levels. The horizontal boundary has been tested several times during the chart pattern formation until its breakout. In addition, we must bear in mind 3 relevant factors on the technical structure of the stock: 1.- Double top at 133.85 levels, without a higher high. 2.- Breakdown the trendline since 2015 3.- Breakdown the trendline since 1974 So that: - A daily close below 105.63, confirms the breakout of the chart pattern. - The possible price target of the reversal chart pattern is at 87.33 levels. Please don't forget to give a like if you appreciate it :) Note: Entry and exit prices are provided only as reference according to the principles of the classical charting. Each trader must take his own decisions depending on their own strategy and tactics. These levels do not indicate the specific entry and exit price, these levels only suggest a possible technical structure change.
NYSE:CVXShort
by AlfaCharts
Chevron, CVX, Bull Put, Credit SpreadI am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader. Chevron (CVX) gapped down today, big time; but it couldn't break the 100 Day Exponential Moving Average (EMA). If you look back to October 27, 2017 (see the purple arrow I inserted on the lower left of the chart to mark the date) Chevron did the exact same thing. It proceeded to go back up. I think it will repeat itself in the coming days. It used the 100 Day to bounce and will go back up. I typed up the strategy I used for this play and you should be able to see it on the chart. The 200 Day EMA is sitting just above $118.40ish giving this play more than $4.00 of cushion. Additionally, next week is a short trading week in the United States due to markets being closed on Monday in observation of Memorial Day. That means this Stock has four days to not go down more than four dollars, and the Credit from opening the play is kept. Yes, you could tighten the spread; but having the 200 Day EMA adds a little protection, and I'm still learning how to do Spreads. :)
NYSE:CVX
by AROD01
2
Exxon_(NYSE: XOM)_May_14_2018The Exxon stock suffered setbacks after the Q1 earnings report where it emerged that the revenue did not grow in line with rising oil prices. Furthermore, the debt burden was quite huge at over USD 30 billion. Compared to competitors such as Chevron, Royal Dutch Shell, BP, XOM was lagging in key metrics. This triggered a sell-off that brought the stock price to almost 2 year lows since oil prices crashed. Now the stock has surged past two key support/ resistance levels and there seems to be a bullish support underneath. However, if the oil price rally does not continue, I expect XOM to fall to $75-$80 trading range. On the other hand, if the oil price stays at current levels or move higher (which I doubt as the oil market itself has fundamentally changed; lot more focus on renewables and with shale oil, it is beneficial for the producers to just keep pumping more), I am confident that XOM will be soon staring at $90. I am bullish on XOM in the long term. In the near term, I would wait to see if the price holds up at the key support level before taking on a position around $79-80. I will also wait to confirm that the slope of the 200 day SMA turns positive. The 20 day SMA has crossed the 50 day SMA in a bullish manner. For the confirmation of a long term bullish trend all three SMA need to have a positive slope with the short term SMA crossing the long term SMA.
NYSE:XOMLong
by advisacorp
CVX 10-Day-Ahead Prediction - 04/10-04/19 PeriodArtificial Intelligence/Deep Learning Enabled 10 Day Ahead Predicted values for Chevron Corporation ( CVX ) have been plotted on the chart. The method used in this prediction is Deep Learning based, and using complex mathematical models/methodologies to extract hidden time series features in vast amounts of CVX related data. The expected 5 Day Change is 0.822 % The expected 10 Day Change is 1.409 % Predictability Indicator is calculated as : 0.675 Predicted 10-Day Ahead Prices are as follows: Mon Apr 09 Tue Apr 10 Wed Apr 11 Thu Apr 12 Fri Apr 13 115.01 115.20 115.38 115.54 115.70 Mon Apr 16 Tue Apr 17 Wed Apr 18 Thu Apr 19 Fri Apr 20 115.85 115.99 116.12 116.25 116.37 Please note that outliers/non-linearities might occur, however our Artificial Intelligence/Deep Learning Enabled predictions indicate the softened/smoothed moving direction of the stocks/commodities/World indices/ETFs/Foreign Currencies/Cryptocurrencies. Feel free to contact us for your questions.
NYSE:CVXLong
by AhmetSBilgin
2