The oil and natural gas exploration and production company is displaying an abundance of bullish signals on its charts.
The shares have finally rallied above the 50-day moving average line.
All this Fed speculation is not a pivot. It's simply practical.
Whether you are speculating in currencies or commodities, or are a long-term investor in stocks and bonds, you are indirectly trading the U.S. dollar.
Moving averages should relate to fundamentals in some way.
One wonders what the reason was for OPEC's hasty decision to cut production now especially at a time when the world is battling inflation.
Crude oil prices are firming and MRO should benefit. Here's when to add.
While the cartel is attempting to prop prices up, they are working against seasonal tendencies.
Here's one signal to watch.
This has been a tough year for traders; let's step back and look at commodities, oil, the dollar and gold -- and see what could 'normalize' the bond market.