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Oil Shares

April 15,  2024: An Oil and energy War is happening...The END of the Dollar - World War III!?


$XOI oil share index
Overbought-Oversold Bullish Objective ??? Oil Index in Gold:
Bearish: -75% to go
Resistance 1,950
Support 1,620
Bearish Objective n.a.
Technical pattern BREAKOUT?!

 

Russia has become the biggest exporter of Oil and gas, and American Oil corporations are taking advantage of the Ukraine war to settle in the country. The EU is the biggest victim of the shift.
"The COVID-19 & the Big Depression of the 21st Century need LESS CRUDE OIL."
The sector will also be adversely affected by the DEPRESSION. [Politics are flipping 180%]
However, we expect HIGHER Oil shares (higher FIAT prices) and not lower!

Short term candle
Chart comment
  • Jan 11 - Feb 11, 2016: BOTTOM formation
  • Jan 14, 2017: Bull Run
  • Jan 7, 2018: Broken up the Head & Shoulders pattern = bullish
  • Jan 8 - Feb 18, 2019: BUY
  • Jan 7, 2020: Oil shares to profit from higher oil prices
  • Jan 16 - Mar 18, 2021: Positive correction as oil price tries to recover its marginal production cost/price...and GAPS are closed.
  • Jan. 4, 2022: Bullish Head & shoulder + Target on PF-chart is 1,620
  • Mar 20: 1,600 is the next Target.
  • Dec. 7: Expect a higher beginning of 2023.
  • Jan. 16, 2023: Overbought and a BREAKOUT!
  • Mar. 6: OverSold and still a BREAKOUT.
  • May 6: a BUY it is: Key Reversal
  • July 1: Sideward-Oversold-building stamina.
  • August 11: Breakout confirmed but overbought.
  • Sept. 11 - Oct. 16: Expect higher in the next weeks and months.
  • Nov. 16 - Dec. 18 - Feb. 16, 2024: Buy the correction.
  • Mar. 22 - Apr. 15: Massive BREAKOUT. However, at this time, most oil shares are overbought.
Long term candle

Oil drillers & services

Oil shares - Yields Aug. 2023 - Green colored charts = Bull trends, Red = bear trends, White = sideward & we don't know yet!
Click on the company's name to be redirected to its home page...
If present STOPS are confirmed, the Oil shares will reverse their trend.[*Caution - OXY fundamentals!!]
Marathon(MRO)
Occident. (OXY) BP
Exxon (XOM) Conoco (COP) Schlumberger (SLB)
USA USA Britain USA USA USA
OXY pf1 small BP pf1 XOM pf1 small COP pf1 SLB pf1 small
1.43% yield
1.23% yield
4.11% yield
3.15% yield
1.66% yield
1.55% yield
Oil drillers & services
Halliburton (HAL) Devon-Energy(DVN)
Helmerich (HP) Obsidian Eng. (OBE.TO) CENOVUS (CVE) Baker Hughes (BKR)
HAL_pf1 DVN pf1 HP pf1 OBEto pf1 CVE pf1 BHGE pf1
1.45% yield
1.44% yield
2.27% yield
na yield - Driller 1.66% yield 2.08 % yield
Non-North American Oil companies
Rosneft (ROSN.L) Petrochina (PTR) Royal Dutch(RDSb) Total (TOT) Can Nat Res (CNQ)  Petrobras (PBR)
Discontinued - Politicians don't like Russia. Discontinued - Politicians don't like China. RDSb pf2 TOTAL CNQ pf1 PBR pf1
SANCTIONS - Russia's 57.77% yield 100 % China
8.09% yield
Netherlands
3.74% yield
4.62% yield 3.90% yield 
  Brazil
2.18% yield
Non-North American Oil companies
Equinor (EQNR) Norway Enerplus Corp (ERF) BP Prudhoe Bay(BPT) Royalty Repsol (Spain) Sasol(SSL) Trans Can. Pipeline (TRP.TO)
    40% China South Africa
Canada
EQNR pf1 ERF pf1 BPT pf1 REPYY pf1 SSL pf1 TRPto pf1 small
3.09% yield 1.26% yield
15.31% yield  
4.78% yield
Diesel @ $60/bbl
9.75% yield
7.46% yield
           
    Money Flow Decreasing 12-mo performance vs. SP500 12-mo performance vs.Gold
      oil FLOW oil RRG SPX oil RRG Gold

OIH candle3

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