XOM – Flat Bottom Wedge – Watching For BreakoutPer request from someone.  
I am overall neutral here, but see bullish potential either February (price breakout of wedge) or October (pattern close to complete).
 Trade Entry 
Stop $69.70 – which is 10WeekMA.
Exit - $74 or see how price reacts getting towards resistance of wedge.
 Chart Details 
Bullish flat bottom wedge pattern.
Gaps to fill up to $84.
Watch RSI breaking trend (below 50).
Price is above 10WeekMA and has Bullish EMA Cross, but looks fragile.
I see the price going up short term to retest the resistance.
Then going back into wedge, possibly retesting the $67 low.
My opinion - This could be due to Iran conflict.  Initial response will be spike in price. USA can produce for cheaper than importing, so once Permian basin cranks up production publicly price will drop again with cheaper US oil.  It may take a month for the US to restart heavier production once oil prices go up.  If I were a US oil producer, I would wait for price to go up from conflict BEFORE increasing production.  More money.
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Trade ideas
Time to get in to OIL and energy sectorThis is just one of major oil companies which is undervalued. But The whole energy and oil/gas sector both mid cap and large cap are underperforming for the past years.
Time to get long in to that. 
Technicals of this specific company: a simple break out.
Political situation: Oil is emotional /political risk asset and now we have major escalation with US/IRAN  and Oil fields in mid east are at major risk. Also US oil production showed weakness in recent months, further decreasing the supply.
Exxon Mobil (XOM)This stock has an high dividend yeld of 5.00% and regualr growth in the payout. In 2020, we look for a partial profit recovery on the strength of higher oil price and production.
Oil prices in recent years have been capped by the flood of production from shale reservoirs, but following a meeting in Vienna, OPEC said the producer group would reduce supplies by an additional 500,000 barrels per day, bringing the total cuts to 1.7 million barrels daily.
Total debt: 40 Bil. Total annual profit: 20 Bil. (2018)
XOM: Long oil stocks now...I think we have many interesting companies that show big accumulation bases that can rally nicely with oil during and after January 2020.
$XOM is one of them, risk is a $3 drop from here, to make it to the target on chart at least, but could be twice as big of a rally in this timeframe too.
Over time, there's a chance of a monthly basing pattern to confirm a trend, which would align with what I see in $USOIL.
Big speculative trends are about to get in motion during 2020, I think many will be related to $USOIL rallying, like solar names, $TSLA and other EV related stocks (battery tech and materials, etc) and Emerging market stocks like $ARGT, $EEM, $EWZ, Singapore, Vietnam, and individual names in energy with solid charts and valuations.
Best of luck,
Ivan Labrie.
4 Decade Bull Market came to END in 2019!No matter how i look at this Quarterly Chart. The more i realized the days of EXXON MOBILE are over, or at least they have peaked they Market Cap.
We will have great ABC correction here, that will probably called BOOMERs take profit or something lol. 
Use fibs for price references, this is not about get reach quick. This is about some serious LONG Bear position! 
I am going to see how to pull that off, lol, maybe a really deep and long put somewhere.
Good Luck Everyone!
**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
Vertical Lines: Fractal dates are moments of interest, where price and time collide to create oscillation.
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
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Big Oil Holds Potentially Big Level Before OPEC MeetingEnergy has lagged all year but it’s flashing some potentially bullish signals recently. 
While everyone has focused on China and tariffs,  crude oil futures  are headed for a bullish outside week. Meanwhile there’s growing talk that OPEC will extend its production cuts at the next meeting December 5-6. Remember the Saudis want to list shares of their Saudi Aramco oil giant next month, and now Reuters says they might seek a higher valuation by driving up crude prices. 
While Aramco won’t trade in the U.S.,  Exxon Mobil  does. Another news report today says XOM plans to accelerate asset sales to raise $25 billion. Taking a look at XOM, we find it’s a holding a key long-term support around $67 that goes all the way back to August 2011. 
This technical line, combined with the double-dose of potentially good news from OPEC and asset sales, may create an interesting risk/reward for traders wanting to own XOM.
 
Elliott Wave View: Further Downside in Exxon MobilExxon Mobil (ticker symbol: $XOM) shows an incomplete 5 swing Elliott Wave sequence from April 23, 2019 high favoring further downside. In the short term chart below, we can see the rally to $73.12 on November 6, 2019 ended wave (X). The stock then resumes lower. The structure of the decline from November 6 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from Nov 6 high, wave ((i)) ended at 71.2 and wave ((ii)) rally ended at 73.09. The stock then continues lower in wave ((iii)) towards 68.6 with internal subdivided  as an impulse in lesser degree. The bounce in wave ((iv)) ended at 69.50
Exxon Mobil finished wave ((v)) of A at 67.33 low. The stock is bouncing bounce in wave B to correct cycle from November  6 high before the decline resumes. As far as pivot at 73.12 high stays intact, expect rally in the stock to find sellers in the sequence of 3, 7, or 11 swing for further downside.
[Long] XOMIn a previous post I pointed out XOM's three white soldiers formation, and I believe this is a sufficient retrace.
WIth CPI showing signs of accelerating, I think this dip in XOM is a gift here.  I'm now up to 300 shares and will hold and collect dividends for as long as I can.  Let's see how long this "temporary Not QE" will last.
There IS A RISK of failure related to shale oil malinvestments.  In that case, other tickers like CNQ and VLO might be better to swing for energy exposure.  I will watch those and if we get a dip I may rebalance.
[Long Watch] XOM - Three white soldiersAfter a long 5-year bear market, the forgotten energy sector of the S&P could be coming back to life, on the backs of a strong market that is beginning to price in the Fed's "Not QE" and inflation expectations - see COW, WOOD, NIB.
Pretty much nobody is expecting inflation even as the core CPI is starting to trend up.
This three white soldiers candlestick pattern could mark the bottom of the energy sector and the end of deflation.  XOM is not a bad investment at 5% dividend and a lot of upside potential.  They also invest in renewables.  VLO also looks good, though that is a bit more extended.
I wish I was smart enough to hold onto my position from lower, but I was trying to trade around and get lower prices. 
I would go long XOM, VLO, CNQ on any pullback, and keep a core holding for at least the next 6 months and possibly forever if inflation returns.
$XOM Exxon Moves higher as earnings were better than feared. Entry level $69.20 = Target price $74  = Stop loss $67
Earnings were not fantastic but not as bad as expected, so we could see somewhat of a relief rally in the coming days. 
Indicators are bullish having reset.
P/E ratio 16.55
Yield 5.07%
Company profile
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products. The Chemical segment offers petrochemicals. The company was founded by John D. Rockefeller in 1882 and is headquartered in Irving, TX.






















