XOMB trade ideas
Exxon Mobil Corp | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
Trend |Time Frame Conductive | Daily Time Frame
- General Trend
- Measurement on Session
- Signpost
* Support & Resistance
* Trade Area | Focus & Motion Ahead
# Position & Risk Reward | 15 Minutes Time Frame
- Measurement on Session
* Retracement | 0.5 & 0.618
* Extension | 0.88 & 1
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Buy
Exxon Mobil (XOM) Stock Forecast & Price TargetThe labels that are used are ment to draft and measure context to the price action involved and contain no rules-engaged notebook + applied-set up indicators, but an avoiding interference to use other rules-engaged software to enhance in general, regarding to the watchlist and trade plan that is relevant to trade-on
Within a 100K account balance the split on trade & risk management = 1/10% - 1/20% margin as an execution range, to set up an order entry and select a per trade on average, to avoid any drawdown hit regarding to the stop loss & to execute risk on management specifics. Trail stop efforts are a focus of attention to the set up in general when volatile-price-action is involved, mainly because of the usage of an intraday-scalp-position tool on behalf on the trade plan in general
Key indicators on Trade Set Up in general;
1. Push Set Up
2. Range Set Up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
# TREND | TIME FRAME CONDUCTIVE | Daily Time Frame
- General Trend
- Measurement On Session
* Signpost
* Support & Resistance
* Trade Area | Focus & Motion ahead
# POSITION & Risk Reward | 16 Hour Time Frame
- Measurement On Session
* Retracement | 0.5 & 0.618
* Extension | 0.88 & 1
Conclusion | Trade Plan Execution & Risk Management on Demand;
Exxon Mobil (XOM): Overall Consensus | Buy
Immediate buy entry on this bullish candlestick with a 20-perioBuy on this resistance breakout with a rising 20-period moving average, with excellent risk-return ratio
ExxonMobil projects stability in global oil demand through 2050ExxonMobil has released a report projecting that global oil demand will remain stable until 2050 despite the accelerating shift towards renewable energy sources. According to ExxonMobil, oil demand is expected to stabilise after 2030, maintaining levels above 100 million barrels per day, closely aligning with the current 102.2 million barrels per day. This forecast starkly contrasts with its competitor, BP, which anticipates a decline to 75 million barrels per day by 2050.
The report highlights that petroleum products will continue to play a critical role in industrial processes and heavy transportation sectors such as shipping, trucking, and aviation. Moreover, ExxonMobil notes that despite the increased adoption of electric vehicles and other renewable energy resources, oil and natural gas are projected to constitute over half of the global energy mix by 2050. This outlook supports an optimistic long-term scenario for ExxonMobil's core oil and gas operations.
Technical analysis of Exxon Mobil Corporation (NYSE: XOM)
Reviewing potential trading strategies based on the technical setup of ExxonMobil's stock:
Timeframe : Daily (D1)
Current trend : the stock is trending upward within an ascending channel, having recently rebounded from the support level at 114.00 USD and approaching a critical resistance at 120.00 USD
Short-term target : the immediate upside target lies at the resistance level of 123.65 USD
Medium-term target : a breach of the 123.65 USD resistance could pave the way for further gains towards 127.60 USD
Key support : positioned at 114.00 USD
Reversal indicator : if the stock breaks below the key support at 114.00 USD, it will negate the current bullish scenario, potentially driving prices down to 108.45 USD
ExxonMobil's shares currently benefit from positive momentum, having broken the upper boundary of a descending channel. A successful breach of the key resistance at 120.00 USD would signify an exit from a Triangle pattern, potentially strengthening the bullish momentum with a target at 127.60 USD, aligned with the pattern's projected outcome.
Investors should closely monitor ExxonMobil's movements, especially in light of its optimistic oil demand forecast and the potential impact on its stock price in the context of prevailing market dynamics and energy sector trends.
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XOM PUTSOil looks like a sell model to me on futures after taking out buyside on longer timeframe. Xom breakout, looking for LVN to the downside.
Exxon Mobil ShortThere is a triple top on H4 with a lot of resistance
this is against the trend but there is a pattern on H1
Stop loss of 150 points
first target will be the bottom of the range
M15 double top with divergence
Market looks weak this week
$XOM Vertical SpreadNYSE:XOM Looks to be heading down here at this price. Sell Retail... buy wholesale we have been overextended and over valued at this time $108 - $104 is a area im looking
EXXON MOBIL Downtrend Line Rejection At 119.31 02.08.2024Downtrend Rejection: Exxon Mobil (NYSE: XOM) shows a downtrendline rejection at $119.31 on the 1-hour chart.
Bearish Scenario: If rejection holds, the price may decline to $114.25 and $110.27.
Bullish Scenario: If rejection fails, the price could rise to $125.75 and $133.93.
Apply risk management
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Disclaimer
XOM- SHORT SELLDouble Top
Lower High
Wedge formation
Good R/R
This trade has good risk reward so I go for it.
XOM “Exxon Mobile”…..Ascending Channel…..Oversold RSIXOM “Exxon Mobile” is approaching support in this ascending channel which it has bounced from twice back to mid June. Also oversold on the RSI on the 1H Chart…..with us receiving GDP data and a few other important economic data reports this week I believe investors may move may began moving some money around and we’ll begin to see some bullish momentum in the energy sector…..let’s see if the bull step in!
XOM - Long againBreakout and retest of resistance as support. PE ratio seems a little undervalued. I'm gonna swing it. $123 first target. stop loss below support.
XOMUpon arrival in the xom zones, a daily purchase order is between 112-110, so as not to break the zone
XOM crossing weekly supplyExxon Mobil crossing weekly supply,
XLE Energy ETF also crossed the daily supply, with the next supply at the weekly level @ 94.50.
Legendary Gas price Cheap soon?H&S at higher TF detected at weekly cycle, does this mean we gonna experience once again a cheap gas price?
XOM Longmanually stop with daily close under the line
I am an amateur trader. I sometimes enter into trades. Other times it is only an analysis. Trade with your own risk awareness.
Going SHORT on XOMGreat bearish harmonic pattern supported by volume to go short and aiming for T1 and T2... let's get it! 🤑✌️
Xom at a pivotal areaNever financial advice. Just offering perspective.
The other side of this thesis, is we get moving to take out the highs at 123.75, then 143.47. In order for that to happen, we need to hold above 113.89, push to 115 and through 116. At that point we may start to see upward momentum or a slow grind leading into earnings. This idea is cleaner on the charts than the bearish view and seems more probable. There a few signs from bulls that can start to solidify this thesis. There seemed to be a high interest in deep discount where buyers stepped in, showing signs of strength that will follow through at the round numbers 115 & 116 to remain valid. Upcoming earnings can be the gas needed to create new all-time highs.
Earnings is in 28 days.
Xom at a pivotal areaNever financial advice. Only offering perspective.
On a higher timeframe, on the weekly, so may take some time to develop. On a bearish perspective we could see a move lower to 106.50. A psych number. At that point could bounce to 108.35-111ish, after taking out liquidity and move to 100.
The other side of this thesis, you'll see in my posts.
The bull case...
Earnings is in 28 days.
ExxonMobil: RegenerationWe are primarily assuming that the ExxonMobil stock should rise again significantly as part of the final stage of the green wave (1). Once the high of this movement has been established, a sell-off should follow. However, our please note our alternative scenario (37% probable), which will be triggered on a fall below the support level of $95.77. This option sees the stock in the green wave-alt.(2) correction and will lead to an imminent sell-off.
XOMPriced formed a falling wedge and bounced off 200sma this week.. currently right below 20sma at 113. strong long over 113 with a target back up to 120. If XOM breaks back over 120 your summer road trips will become a lot more expensive
Also energy sector XLE showing identical price action with a wedge and bounce off 200sma
Energy should run high throughout July
