Title says it all, possible Higher Low being punched in on the 4h with an Inside bar candle stick con firming that sellers are exhausted and buyers may be stepping in to take back over. CALLS valid above green line, Pt white dashed lines.
🔹Breakout resistance at 65.90, indicating a potential further rise, and potential support at 65.90 in case of NEGATIVE reactions.
🔹POSITIVE volume balance indicates higher volume on rising days.
🔹The RSI curve indicates a positive trend, indicating a rising trend.
🔹Technically POSITIVE for the short term.
◦ DT: Double Top | BEARISH | 🔴
◦ DB: Double...
XOM has shown a consolidation pattern
This chart shows the weekly candle chart of ExxonMobil's stock in the past 4 years. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, ExxonMobil's stock has shown a consolidation pattern of high to strong overall after completing a small level double top at the beginning...
Simple triple bottom pattern on XOM with macro momentum shifting back bullish after a period of consolidation before the next leg up. Profit target is the highs and runners after if you wish. 20% Stop loss 9/8 expo, after green level is broken. If stop is hit look for re-entry above green level according to 10m chart price action. Expect this play to go 50%+ but...
In late July I made a call that oil's actual target in the imminent term is not $100+, but actually a 3 or a 4-handle.
Oil - A New Long Leg Down Soon Begins
I believe that this long term analysis is still correct. However, price action has shown that the target was finally the daily gap at $85 and was achieved last week.
Thus far in some 7 weeks of...
Welcome to my new analysis about XOM on several timeframe perspectives. The oil market has shown up with a massive pullback to the downside since the war developments have put heavy pressure on the whole oil market and drove the supply rally within the market. Since then the market managed to recover with a substantial rally moving into new...
🔹Rectangle Formation produced a POSITIVE signal at a breakout resistance of 160.
🔹Marginally broken up through resistance at 164, next resistance at 173.
🔹RSI curve indicates a rising trend, indicating an early indication of a possible upward trend reversal for the price.
🔹Technically POSITIVE for the medium long term.
◦ DT: Double Top | BEARISH |...
The oil markets have been something of a puzzle to everyone on account of the fact that they range sideways for long periods of time, move a little bit, decapitate one side of the market, and then range again.
One thing I've been sure of is that after doing $120 post-Ukraine War, and after WTI literally hitting $0.00 ( $-40 settlements lol) this certainly was not...
The trajectory of NYSE:XOM reveals a parallel uptrend, mirroring the recent impressive performance of energy stocks. Currently, the energy sector exudes a distinctly bullish sentiment, underpinned by notable market trends. A bullish outlook prevails as long as NYSE:XOM maintains a position above the crucial threshold of 104, indicating a potentially promising...
In mid June, I had made a call that Natural Gas was about to rally, because price action and timing supported a move upwards.
Natural Gas - The Girl Who Hopes You Remember Her
But that call became abandoned as I enlightened and improved further, and began to note that rallies were sold off and lows kept being taken.
The trade degenerated into looking at a...
EPS winning streak, Dividends Paid
Vale S.A., together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Ferrous Minerals and Base Metals segments
Double top form of ExxonMobil's stock has been completed
This chart shows the weekly candle chart of ExxonMobil's stocks over the past 4 years. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, the small-scale double top form of ExxonMobil's stock has been completed. Now, there is a long short competition at...
UCO popped in April and then dropped into a consolidation in May and June where
it set up a base shown by the POC line on the volume profile. Once over the POC
on July 6th on the daily chart coinciding with a golden cross on the HMA 56/210
combination the bull trend began. The dual time frame RS lines in the 60s suggest
more to come. I am trading UCO and...
Every time the price of oil goes up, there's a group of bulls that are sure they're catching the train to $150. I mean, I do think oil will go to $150, and there has to be a bottom that comes first, so there's that.
But with fossil fuels and energy producers it seems the pumps are rare, the consolidations are frequent, and the dumps are more common.
If you haven`t bought XOM here:
Or when they made more money than God:
Then analyzing the options chain and the chart patterns of XOM Exxon Mobil prior to the earnings report this week,
I would consider purchasing the 105usd strike price Calls with
an expiration date of 2023-8-18,
for a premium of approximately $2.16.
If these options prove to be profitable...
COP has had a brief trend up in the past three and a half trading days of about 8%. An analysis
of the 30 minute chart suggests this could reverse. Firstly, the HA candles are now narrow-
ranged and more or less Dojis. The MTF RSI indicator of Chris Moody shows dropping RSI
on the 5 minute TF while it is hold up at 100 on the 60 minute TF. The former is...