Publishing the Exxon 3d chart to track this as it heads to an important volume zone.
The entirety of the oil sector has been weak over the last few months and this is likely a guide on the overall market.
If this cannot bounce in the next -3-5% zone (highlighted), I can see this heading towards the 80-90 range in the next few months.
Previous USO idea:
Depending on how oil and oil related stocks move, this could have greater impact on the overall market, keep an eye on XLE and XOP.
The entirety of the oil sector has been weak over the last few months and this is likely a guide on the overall market.
If this cannot bounce in the next -3-5% zone (highlighted), I can see this heading towards the 80-90 range in the next few months.
Previous USO idea:
Depending on how oil and oil related stocks move, this could have greater impact on the overall market, keep an eye on XLE and XOP.
