1. Market Structure Analysis: XOM has formed a balanced range after printing a Break of Structure (BOS) and two notable CHoCHs on the 1H timeframe. Price is consolidating inside a green supply zone between 118.50–119.90, with wicks tapping the top of the zone but no clean breakout yet. The price structure is forming higher lows from the March 28th pivot, signaling accumulation beneath key resistance.
2. Supply and Demand Zones:
* Demand Zone (Support): 117.21 → Strong historical zone and prior low from BOS candle.
* Supply Zone (Resistance): 119.00 – 119.90 → Flat ceiling that's held since March 26.
3. Order Blocks and Support/Resistance:
* Resistance: 119.90 (key gamma wall + SMC zone)
* Support: 117.21 (red BOS support and trendline base)
* Trendline: An ascending support trendline from March 28th low is intact. Watching for a triangle breakout or breakdown.
4. Key Indicators (MACD, Stoch RSI):
* MACD shows a bullish crossover with histogram building strength.
* Stoch RSI is rising out of oversold territory and nearing mid-zone. Still room to run before hitting exhaustion.
These indicators currently support momentum building toward a bullish breakout.
5. Options Flow / GEX Sentiment Zones:
* Highest positive GEX: 120.00 → Gamma resistance and breakout target.
* Call Walls: 119.00 (74.31%), 121.00 (moderate), 124.00 (light).
* Put Walls / Downside GEX: 116.00 is the HVL + strong negative gamma level, 115.00 and 113.00 are next layers of support.
Options Oscillator:
* IVR: 29.1
* IVx avg: 24.2
* Put$ Flow: 24.3%
* GEX Bias: Strongly bullish with green bars stacked to 124 This setup supports a potential gamma squeeze if price pushes above 120 with strength.
6. Scalping vs Swing Outlook:
* Scalp Bullish Trigger: Break and hold above 119.90 = breakout play to 121.00.
* Scalp Bearish Trigger: Rejection at 119.90 = short setup back to 118.30–117.90.
* Swing Bullish Setup: Entry on retest of 118.50 with SL below 117.20 and PT at 121.00 → 124.00
* Swing Bearish Setup: Only valid if clean break below 117.20 with volume, targeting 116 → 113.
7. Actionable Suggestion: If XOM opens above 119.50 and breaks 119.90 with increasing volume and flow, look for a momentum breakout toward 121 and 124. If the move stalls under 119.90 again, consider fading the resistance for a pullback play.
8. Conclusion: XOM is coiled for a potential breakout, sitting just below a major resistance cluster at 119.90. Gamma levels and bullish options flow favor an upside push, but failure to break could trigger mean-reversion. Watch for volume and reaction at the 120 level.
9. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and trade responsibly.
2. Supply and Demand Zones:
* Demand Zone (Support): 117.21 → Strong historical zone and prior low from BOS candle.
* Supply Zone (Resistance): 119.00 – 119.90 → Flat ceiling that's held since March 26.
3. Order Blocks and Support/Resistance:
* Resistance: 119.90 (key gamma wall + SMC zone)
* Support: 117.21 (red BOS support and trendline base)
* Trendline: An ascending support trendline from March 28th low is intact. Watching for a triangle breakout or breakdown.
4. Key Indicators (MACD, Stoch RSI):
* MACD shows a bullish crossover with histogram building strength.
* Stoch RSI is rising out of oversold territory and nearing mid-zone. Still room to run before hitting exhaustion.
These indicators currently support momentum building toward a bullish breakout.
5. Options Flow / GEX Sentiment Zones:
* Highest positive GEX: 120.00 → Gamma resistance and breakout target.
* Call Walls: 119.00 (74.31%), 121.00 (moderate), 124.00 (light).
* Put Walls / Downside GEX: 116.00 is the HVL + strong negative gamma level, 115.00 and 113.00 are next layers of support.
Options Oscillator:
* IVR: 29.1
* IVx avg: 24.2
* Put$ Flow: 24.3%
* GEX Bias: Strongly bullish with green bars stacked to 124 This setup supports a potential gamma squeeze if price pushes above 120 with strength.
6. Scalping vs Swing Outlook:
* Scalp Bullish Trigger: Break and hold above 119.90 = breakout play to 121.00.
* Scalp Bearish Trigger: Rejection at 119.90 = short setup back to 118.30–117.90.
* Swing Bullish Setup: Entry on retest of 118.50 with SL below 117.20 and PT at 121.00 → 124.00
* Swing Bearish Setup: Only valid if clean break below 117.20 with volume, targeting 116 → 113.
7. Actionable Suggestion: If XOM opens above 119.50 and breaks 119.90 with increasing volume and flow, look for a momentum breakout toward 121 and 124. If the move stalls under 119.90 again, consider fading the resistance for a pullback play.
8. Conclusion: XOM is coiled for a potential breakout, sitting just below a major resistance cluster at 119.90. Gamma levels and bullish options flow favor an upside push, but failure to break could trigger mean-reversion. Watch for volume and reaction at the 120 level.
9. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and trade responsibly.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.