Occidental Petroleum price emits more positive signals - Forecast today - 23-04-2024

Occidental Petroleum Corporation’s stock price (OXY) extended its gains in the intraday levels, amid the dominance of the upward short-term trend, with positive support from the 50-day SMA, with positive divergence from the RSI after reaching oversold levels compared to the stock’s movements, with positive signals coming out of it. 

Therefore we expect more gains for the stock, targeting the pivotal resistance of $71.00, provided the support of $65.50. 

Trend forecast: Bullish