Tag Archives: OXY
Crude Oil & OXY Weekly Charts
The ORH level in Crude Oil is 85.60. The ORH level in OXY is 85.11. We think there could be some follow through into early Monday, however we were only looking for 88 on this bounce in the Oil. Meaning … Continue reading
A.M. Look 6/7/12
Nasd (M)…2574 is Fib resistance…2571 is the weekly ORH level with stops above. Spu’s (M)..1322 Fib resistance ….1334.20 is the weekly ORH level with stops above. This is also a 50% re-trace of the entire move. 1345 would be the … Continue reading
A.M. Look 5/24/12
Crude Oil…all new price action over 91.70 is needed for higher. Gold…look for the mid to high 1570’s to be tough zone. GDX…as well as some names like NEM put in ORH days yesterday. As of now they look to … Continue reading
Pattern Alert…ORL Possibilities
The following are possible ORL candidates.. PCLN…747.14 AAPL…578.86 OXY… 91.20 CAT… 100.65 DE… 81.79 If you’re in these names pay attention to the late show today. GS …with sustained price action under 111, this looks to be headed towards the … Continue reading
A.M. Look 3/26/12
Friday being Qtr’s end, the one thing we aren’t looking to do is fight the capital flows, which are still up in the Equity indices and down in the Bond Futures. It would seem logical to see this flow continue … Continue reading
Oil and related ETF’s
We will have no Long positions going home…
A.M. Look 2/27/12
Yen…missed the long -term sell stops in the Futures by 13 ticks @ 123.43,( 81.75 USD/JPY) just after the opening last night. Since the opening hour, the board has been in “Risk Off” profit taking mode. 80.30-40 USD/JPY needs to … Continue reading
OIL & OIL Related Names…Trade Alert!!
I’m seeing Green!!! The Oil risk is now skewed to almost 50-50 for either 6 bucks up or 6 bucks down from here. I still believe we’ll see higher prices, however we are going to reduce our weighting to 15% … Continue reading