Pre-Market Analysis on ConocoPhillips, Chevron, Occidental Petroleum, and Statoil

  Pre-Market Analysis on ConocoPhillips, Chevron, Occidental Petroleum, and
                                   Statoil

PR Newswire

LONDON, March 26, 2013

LONDON, March 26, 2013 /PRNewswire/ --

The global economy has shown signs of recovery since the start of this year.
The recovery has been driven mainly by the U.S. and China. While the U.S.
economy continues to signal significant improvement, economic activity in
China has also been upbeat. Both U.S. and China are the world's largest oil
consumers, hence an improving economic outlook in both these countries augurs
well for major integrated oil and gas companies such as ConocoPhillips (NYSE:
COP), Chevron Corporation (NYSE: CVX), Occidental Petroleum Corporation (NYSE:
OXY), and Statoil ASA (NYSE: STO). Oil and gas stocks ended mostly lower on
Monday, tracking losses in the broad market. StockCall has posted free
technical research on COP, CVX, OXY and STO which can be downloaded upon sign
up at

http://www.stockcall.com/signup

Shares of ConocoPhillips fell sharply in trading on Monday. The stock finished
1.15% lower at $60.21 on volume of 5.59 million. The company's shares have
seen a pullback after failing to break through $61 resistance level. The stock
has been struggling to break through this level for a while now.
ConocoPhillips' shares are still trading above their 50-day and 200-day moving
averages. However, the stock's MACD chart suggests that market sentiment may
have turned bearish on the stock. Year-to-date, the stock has gained more than
5%, underperforming the S&P 500. Sign up and read the complimentary report on
COP at

http://www.StockCall.com/COP032613.pdf

Shares of one of the world's biggest oil and gas companies, Chevron Corp.,
also struggled in Monday's trading session. The stock fell to an intra-day low
of $119.56 before finishing the day 0.83% lower at $120.18 on above average
volume of 6.34 million. Chevron's shares are currently trading close to their
52-week high of $121.40. The stock has had an excellent run so far in 2013,
gaining 12%, compared to a gain of 8.80% for the S&P 500. The oil & gas
major's shares have seen a series of highs since breaking through $116
resistance level. However, the stock's MACD has just crossed below the signal
line, which is a bearish signal. The free report on CVX can be downloaded by
signing up now at

http://www.StockCall.com/CVX032613.pdf

Shares of Occidental Petroleum Corporation also struggled as the broad market
came under pressure despite Cyprus's last minute bailout deal. The stock
closed 0.78% lower at $78.05 on above average volume of 6.05 million. The
company's shares have seen a sharp pullback after failing to break through $88
resistance level. The stock has now slipped below its 50-day and 200-day
moving averages, which is a bearish signal. The downbeat trend is further
confirmed by the stock's MACD chart. Occidental Petroleum Corporation shares
currently have support at around $78. Free report on OXY can be accessed by
registering at

http://www.StockCall.com/OXY032613.pdf 

Shares of Norway-based Statoil ASA also fell sharply on Monday, extending its
losses for the year. Statoil's shares fell 1.14% to finish the day at $24.28
on volume of 1.43 million. The stock is now down more than 3% for the year
even as the broad market has posted significant gains. The stock's MACD chart,
however, suggests that market sentiment has turned bullish on the stock. The
company's shares currently face resistance at around $25. Register with
StockCall and download the research on STO for free at

http://www.StockCall.com/STO032613.pdf

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