Davy_Dave_Charts

DVN Poised for a Break Out (30 Minute Chart)

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NYSE:DVN   Devon Energy Corporation
Price keeps being drawn to 78 like a magnet. Riding 9 EMA support, this looks like its ready to break out. High inflationary / High interest rate environments, great for energy. OPEC unable to meet its previous production quotas, much less the recently raised benchmark. Geopolitical conflict in Eastern Europe... Energy is the sector now.

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