Day trading strategies on currency pair Chevron 11-1-2016 by AzaForex forex broker, learn how to become a successful shares trader

Goldman Sachs estimated Chevron tasty than Exxon Mobil.
Unusual situation for the white collars from the Wall Street to make a prediction for the benefit of a large player over another.
Rating of Chevron Corp. (NYSE: CVX) shares at Goldman Sachs was raised from neutral to buy, and producer has added it to its securities for possible purchase. Goldman Sachs people suggests the growth of rates of Chevron shares of the asset up to $ 118, compared to the previous closing value of $ 107.74.
Same time, Goldman Sachs played the opposite game with Exxon Mobil Corp. (NYSE: XOM) – changed the appetite and doesn’t want to buy it any more. So, Exxon has been crossed out from the menu of assets to buy.
What deserves attention is that both players continued drop in profit.
Next questions mentioned by Goldman Sachs:
Exxon Mobil was basically considered the largest oil producer, but for today Chevron seen as the best choice for the generation of cash flows.
Now Chevron is regarded as the best choice, due to expected enlargement in future production.
Exxon did not dream to consider more large mergers in order to increase reserves.
Investors should be aware that shares of Exxon Mobil and Chevron are part of the index Dow Jones Industrial Average. At the end of the week, shares of Chevron grew in 3.9% on the base of the release of profit, and Exxon Mobil shares price  fell 2.5% immediately when data on earnings have been published.
Note that Goldman Sachs serves a customer base consisting of institutional investors and wealthy private investors. Simply speaking, oil producer has a wealth of experience to make decisions for adding Chevron and Exxon to their deep assets pocket.


The price is above a simple moving average 200 MA and 20 MA indicating bullish trend.
The MACD trend indicator is above zero level now, indicating bullish movement.

If the resistance level is broken you can use the following recommendation:
•    Chart timeframe: H4
•    The trade recommendation: Buy
•    The level of entry into long position: 105.50
•    The level of profit and close the position: 107.50 (200 pips)

Metal GOLD 
Possible bullish movement in the breakout of the resistance level 1284

Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.2080

Forex currency pair USDCHF
Possible bearish movement in the breakdown of the support level 0.9850

Forex currency pair USDJPY
Possible bullish movement in the breakout of the resistance level 105.50