OXY at Week 7: Surface Bounce, Distribution in the Flow

Occidental Petroleum is at week 7 of its sell signal. The week closed with a slight bounce, but the underlying flow tells a different story: CMF at -0.33 and sellers at 98%. The structure remains in distribution, with a daily bearish engulfing pattern confirming the pressure. The confirmation week closed bullish, suggesting the position should be considered for exit.