@OptionsMike says $CVX and $XOM are both at all-time highs with strong charts, calling them the safest plays.
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$CVX $XOM both ATH..
These are the safest plays.
Charts are strong
https://schrts.co/MbfHZURM
Reasoning: Technicals · Short term
(Reposted by
@carlquintanilla) Notes no wonder the oil majors are hitting fresh 52-week highs again today. The chart shows December oil futures starting to move sharply higher too. Quotes K@KarelMercx on oil majors $PBR, $CVX, $XOM up significantly, not just physical oil prices rising but interest rates too, higher rates making free cash flow today more valuable.
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No wonder the oil majors are hitting fresh 52-week highs again today.
The chart shows December oil futures, and they’re now starting to move sharply higher too.
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Reasoning: Macro · Medium term Specific
Fund flows or trade records mentioned in posts reflect only the account’s own claims, are marked “Per the post” and are unverified.