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It met with its resistance at 68.24 price level but I believe this will soon be taken out and the price action will pierce through it. The overall high Oil price is definitely helping companies like OXY and others as well.
For those who are core fans of Warren Buffett and believes in his foresight in choosing companies (he has definitely proven it !!!) could enter now while those who are more cautious can wait for the price action to break above the resistance level and await a bullish signal.
It met with its resistance at 68.24 price level but I believe this will soon be taken out and the price action will pierce through it. The overall high Oil price is definitely helping companies like OXY and others as well.
For those who are core fans of Warren Buffett and believes in his foresight in choosing companies (he has definitely proven it !!!) could enter now while those who are more cautious can wait for the price action to break above the resistance level and await a bullish signal.
Note
bullish engulfing candle, can add moreNote
we are at cross roads once again as the price action meets its previous resistance at 73.80 level. It fails to break out twice , once in May and another time in August. Will we see a stronger breakout this time ?Note
bought some more last night
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.