What’s going on with OXY? Can someone stop this Seles dance?
Occidental Petroleum is one of the world’s biggest energy producers.
And still in the last couple of months OXY performs badly; while the energy sector and the entire market almost managed to fully close the deviation of the COVID-19, Occidental shows like dozens of sellers are controlling it’s price.
In the last week price successfully broke down the buyers’ support line (around 12.60$) and in addition volume was risen up -about 13th average. This simple event can point that the sellers are takeover the price.
The next resistance is on 11.40$ - In the absence of new blood it may also brake down these support line.
A few days ago a friend told me that the world feels satiated from polluting companies that work against nature. As the time goes on I understand that he was right.
In the last week price successfully broke down the buyers’ support line (around 12.60$) and in addition volume was risen up -about 13th average. This simple event can point that the sellers are takeover the price.
The next resistance is on 11.40$ - In the absence of new blood it may also brake down these support line.
A few days ago a friend told me that the world feels satiated from polluting companies that work against nature. As the time goes on I understand that he was right.
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