OXY spiked and started to break out
Highlighted previously a couple of weeks ago, OXY just spiked 9.88% on Friday.
The weekly chart shows some consolidation and then a two week bullish candle stack. The MACD crossed over in bullish territory and this bullish run has an upside projection target of >100, a good 30% from last trading close.
The daily chart similarly has technical indicators turning bullish with crossovers in the RPM, and in the MACD.
Clearly bullish... perhaps with some technical retracement, and then a relaunch and then a good break.
Wait and watch for it!
PS. in some ways, I wonder if this remotely has any indication that Crude prices might be spiking soon again... just wondering.
The weekly chart shows some consolidation and then a two week bullish candle stack. The MACD crossed over in bullish territory and this bullish run has an upside projection target of >100, a good 30% from last trading close.
The daily chart similarly has technical indicators turning bullish with crossovers in the RPM, and in the MACD.
Clearly bullish... perhaps with some technical retracement, and then a relaunch and then a good break.
Wait and watch for it!
PS. in some ways, I wonder if this remotely has any indication that Crude prices might be spiking soon again... just wondering.
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