AMEX:XLE NYMEX:CL1! NYSE:XOM NYSE:AMPY Energy stocks, crude oil, and the XLE energy ETF all flashing buy signals. $100 oil looks invitable. From failed moves come fast moves, and oil/energy stocks failed an attempted breakdown below the neckline. A few favorite long ideas: $LPI, $AMPY, $XLE, CL1 (futures), $XOM
On the weekly chart, Exxon Mobile drew a double bottom. In fact, there has already been a takeout and now the price is fixed about the "middle" of W. The simplest idea is to reach a local maximum of 64.7 (15.6%). The next goal is 86 (53%).
SNIPER STRATEGY (new version) It works ALMOST ON ANY CHART. It produces Weak, Medium and Strong signals based on consisting elements. NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear. TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS. ENTRY PRICE BLACK COLOR TARGETS GREEN COLOR STOP LOSS RED COLOR DO NOT USE THIS...
SNIPER STRATEGY This magical strategy works like a clock on almost any charts Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading. It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave. The best timeframe for this strategy is Daily, Weekly and Monthly...
IMO is the best looking oil company chart that I could find. The weekly pattern shows the possibility of a three week test of the low. This support level includes the 40 week moving average and the .326 fib retracement level. The wave structure suggests that we may be in the fourth wave of an impulse pattern, with wave five to begin soon. Often, wave five...
Aside from Crypto, I've had the most success in the last decade trading crude based on a combination of technical analysis (classical charting) and trading the news (economic indicators, such as OPEC releases). Between March - June 2021, Crude oil prices formed a cup and handle that concluded with price reachings its target just above $75. Price then corrected,...
Need a close above $56.22 pictured volume POC and previous support, now resistance. Sitting at volume shelf. Trimmed 10/15 $55 calls for profit. Holding remaining +44% . Anticipating a move back to the middle of channel or a retest of AVWAP. Respect the stop loss don't let a green trade turn to red :)
Bearish engulfing, downtrend channel, below daily volume shelf, and H&S breakdown. Outlook: Bearish - Short below 54.90 and SL: 56 and implied Price Target is 46-47
Long the 10/15 $55 calls. Exxon respecting the AVWAP from recent lows and 200MA. MACD looks ready to cross. Barring any market weakness from FED meetings, she looks ready for a move up.
Buying Oil stocks or Leveraged ETFs could be a good choice for the next 1-2 weeks: 1- NYSE:XOM 2- NYSE:CVX 3- OXY 4- NYSE:VLO 5- AMEX:UCO
Short-term Elliott wave view in Exxon Mobil (XOM) suggests that the cycle from June 25, 2021 high is unfolding as a double three Elliott Wave structure. Down from June 25, wave (W) ended at 54.59 and rally in wave (X) ended at 59.33. The stock has broken below wave (W), creating an incomplete bearish sequence from June 25 peak favoring more downside. The break...
Opened a 55C 10/15 3.07 and looking for a move to at least top of the channel. Bottom of channel AND volume shelf. BULLISH divergence in CMF and A/D indicators signaling a future move up. Equity levels signaling strong support at $54.58, break below this shelf invalidates the trade.
Doesn't look good for plastics or oil here. Next to zero on volume and a continued down trend.
NYSE:XOM in my opinion we have a time like in 2005 - there was a year of great pump up the index up and right now there will be a year for consolidation. I have opened two position. Round 42 USD and 60. I will not sell it very fast. I will wait 2 or 3 years. XOM is the future of the USA economy so I think that it is a gold duck bearing gold eggs. I wish...
XOM has hit its Fibonacci Support while also showing signs that a bullish squeeze may appear. There has been a reduction in selling momentum while the Willy Shows a potential EMA crossover to be had. We have weekly resistance at 62.50 which would be a great point to watch if choosing to go long on this stock. A wise decision may be to wait for bullish momentum and...
XOM has recently bounced off of its Fibonacci support while the MACD is displaying a potential buy signal as seen by the continuous reductions in selling pressure. I am bullish on the daily time frame for a swing to 64 but as the daily plays out I want to see if the weekly MACD displays any potential buy signals. Bullish Signals -MACD (less selling...
ExxonMobil (XOM),D1: Mirror support level + Bollinger bands + Spinning tops + Oversold
WATCHING $XOM for ENTRY TARGET @ 58.21 I will repost when it get’s closer if it goes that way and if it makes higher highs I’ll repost with new entry. Look to the right. ENTRY target in grey. Sell target in green. Double position target in red. That’s it. I’m starting to also add in a few support levels as well. I’m also thinking about doing the Entry...