May 27, 2020

Charts to Watch

Occidental Petroleum (OXY):  After a nice trade off the 200 day SMA, OXY climbed its way higher to the longer term trend line finding initial resistance as would be expected.  Any pulbacks might be the last opportunity in this name before it looks to be on a trek to 100+.

Occidental Petroleum (OXY)


Cliffs Natural Resources (CLF): Has been consolidating well after finally putting in what looks to be a bottom.  With the now upward sloping 50 day SMA as support and the downward sloping 200 day as resistance the battle lines are drawn and the action is tightening.  Breakout above the 200 day with volume could look to ultimately target the upside gap near $36 which would be an over 50% gain from current levels.

Cliffs Natural Resources (CLF)

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