11/25/2014 – Occidental Petroleum

Issued: 11/20/2014

Occidental Petroleum, OXY:

1. Our previous Occidental Petroleum report (Sun., Nov. 16 indicated that aggressive traders could begin buying Occidental Petroleum upon any touch and daily close above $85.77/$.25 for a tradable multiweek advance test/attempt at $89.50/$90.50 (or higher) into the week of Dec. 1 (+/- 1 week).

2. Subsequently, Occidental Petroleum declined into the $85.77/$.25 buying territory (Nov. 19 swing low, $85.39) and closed each session above $85.77. Therefore, aggressive traders are now long Occidental Petroleum between (approximately) $85.90 – $86.05.

3. An initial long position exit should be taken now at current prices (current price $86.70). The remaining position will be held for substantially higher prices including a test/attempt at $89.50/$$90.50 noted in the original update.

4. A protective sell stop should be placed at $85.68. This stop will be moved higher as the market continues to confirm.

David Williams

Issued: 11/26/2014

Occidental Petroleum, OXY:

1. Occidental Petroleum provided long entry for aggressive traders between $85.90 – $86.05 based upon the Nov. 19 daily close at $86.04, noted in previous reports. Partial long position exits were taken at $86.70 and the remaining position held for our $89.50/$$90.50 upside target, noted in the original update.

2. Occidental Petroleum subsequently advanced to $88.77 ($2.72 per share in our favor) before reversing and triggering our $86.60 protective sell stop. This resulted in profitable trade.

3. The decline back to the original $85.77/$25 buying territory is unusual behavior (today’s session low, $85.70, so far). If Occidental holds $85.77/$.25 it may prompt a secondary long entry for the original $89.50/$$90.50 upside target. Will update as the market continues to confirm.

David Williams

Issued: 11/16/2014

Occidental Petroleum, OXY:

1. Continued daily closes above $85.77/$.25 in Occidental Petroleum will indicate a tradable multiweek advance and test/attempt at $89.50/$90.50 (or higher) into the week of Dec. 1 (+/-1 week).

2. Aggressive can begin buying upon any further test and/or daily close above $85.77/$.25. Non-aggressive will be given further instruction as the market continues to confirm. Will update.

David Williams

Issued: 11/24/2014

Occidental Petroleum, OXY:

1. Occidental Petroleum continues its forecast advance from the $85.77/$25 buying territory to tthe $89.50/$$90.50 forecast upside target expected into the week of Dec. 1 (+/-1 week). Today’s (Mon., Nov. 24) session high has been $88.77, so far.

2. Our protective sell stop has been raised to $86.60. This stop will continue to be moved higher as the market continues to confirm.

David Williams