With the recent weakness in Oil and natural gas, its likely impacting the performance of XOM stocks going forward. XOM is testing some key areas. If the levels break the target on XOM is $100.00
1/2 We sold most longs in #OIL, trailing position left Been going long $UCO & shorting puts @ lows We want back in, why? There's something brewing in middle east area More on this later Chart is too much, explain in next post $USO $CVX $XOM $MPC $SUN - 2/2 Short term #oil is on a slight uptrend (white) It also more recently trades in channel (yellow) Longer...
Nice setup here in $XOM, new 52 week highs on higher than average volume with a Time@Mode trend signal confirmation this week. Monthly and yearly trends are up, overall oil stocks could continue being the best prospect with a potential rebound in inflation figures coming next, Russia 'cutting' production (likely forced to do so by the effect of crippling...
Warning there might be a sharp deflationary crash in the markets soon.
Oil the leading energy commodity is signaling negative price action. An MTop Formation is on watch. If we get a weekly close below $70 it triggers the Topping formation and sways the probabilities in favor's for more downside action. This large time frame pattern has a potential to go down to $20...I know, I can barely believe it myself. A clear weekly reversal...
I have been patiently waiting for a break above $114.16 on XOM. (Typically very even level resistance and support levels are great traps to reverse us the opposite direction of the initial breakout) When we got it we immediately fell below on the retest, leading me to believe this is a false breakout to trap buyers from more volume based on earnings. Additionally,...
ERY is on the verge of breaking out of a falling wedge from the lows of the chart. Very likely to see a breakout here. If it fails we will see the lower wedge act as next major support level.
With Oil companies reporting earnings and also a majority of them attempting to break ATH, I have my eyes on SHEL, CVX, and XOM. CVX and XOM already reported earnings and did not have an all around beat but CVX beat revenue and XOM beat earnings! SHEL is set to report their earnings on Thursday pre- market and I will be looking to enter into a swing in either...
A lot of fundamentals say that oil should be going up. A lot of Twitteratti and furus say that oil should be going up. Yet, it's not. Oil hasn't been bullish since literally June . The only reason sentiment is still confusedly bullish like this is because WTI isn't (yet) trading like bonds. People say that OPEC+ cutting production was some kind of battle with...
Since our previous post on Exxon Mobil, it has increased significantly in value against our expectations. Unfortunately, with the upcoming earnings, the stock might get an additional boost in price, which is already hovering near all-time highs. As a result, XOM breaking above $114.66 will force us to abandon our price target on the downside. However, even if a...
My previous call on natural gas made Sept. 19 has come to fruition, achieving all three targets, and in a shorter than expected period of time: Natural Gas / NG - It's Officially a Bear. Now, Hold My Beer The question I've asked myself for the last few days is simply: Now that the June lows have been taken out, is it time for a reversal? And frankly, I...
Exxon broke out of out of it's deep value zone today above $110 per share, but didn't do so in the strongest way. Where to now? My next price target is $128 if the market remains supportive of energy. Down to $102 if the economic narrative shifts back to a global recession.
Looking at the chart(s) of XOM Exxon Mobile Corporation , are they signaling a short opportunity on the back of lower growth outlook(s) for 23-24'? 🛢⛽️ 📉 Not going to provide much commentary on the macro outlook for U.S. Crude Oil CL1! CL2! CRUDEOIL1! CRUDEOIL2! WTI1! WTI2!, just the charts of XOM: XOM Weekly Chart: 📊 XOM Daily Chart: 📊 XOM...
NYSE:XOM PEPPERSTONE:NATGAS Oil stocks usally follow natural gas and the price of oil pretty closly. this makes sense since they sell oil and if the price of oil goes down then should the stock selling that oil. recently this has not been true as the price of oil and Natural gas have fallen Oil companies are not falling but why?? i belive this is because of...
**disclaimer: this post reflects my personal opinions from my own charting analysis and should not be used as financial advice of any kind. There are no guarantees in the market and I am just a guy on the internet*** This is a very brief analysis of XOM stock which is approaching a significant swing trading cycle trough (in blue) with a trough around February...
📈 What’s up investors! 📉 Welcome back to another one of 💡 “Mike’s Ideas”. 💡 I post as I find signals… these signals are based on the personal rules I have built and follow in order to make up what I call the “SST Strategy” . Follow for more ideas in the future!! I have 4 levels marked and colour coded on the Chart. These levels are: 🔴 Red = Stop Loss 🟢...
W pattern turns to M pattern. We Bull on! The CTAs are 100% short. No one left to sell.