XOM 7/17 $45c
1. McGinley Dynamic acting as historical support (see: 04/02, 04/16, 05/14, 06/22 daily candles)
2. StochRSI in buy zone
3. Bounce off 0.618 Fib Level likely ($45.60)
3. XLE Energy Sector ETF is trending up
4. Crude prices increasing as demand for oil recovers
1. McGinley Dynamic acting as historical support (see: 04/02, 04/16, 05/14, 06/22 daily candles)
2. StochRSI in buy zone
3. Bounce off 0.618 Fib Level likely ($45.60)
3. XLE Energy Sector ETF is trending up
4. Crude prices increasing as demand for oil recovers
Comment:
Looks like XOM broke support today. Might reverse trade in the short term.