XOM Head & ShouldersIf US Dollar Trend up - Oil Trend down => XOM might be a good way to express a short in OilShortby jyanalyst2
Can tropical storm Nate send Exxon (XOM) above 84.51? Tropical storm Nate is set to hit the Gulf coast over this weekend, affecting natural gas and oil production. Here is my little break down of what this could mean for the market and why Exxon may break a key price of 84.51, which I used the above renko chart to identify. The Gulf accounts for 17 percent of the US crude oil production and 5 percent of its natural gas production. The area also accounts for 51 percent of the natural gas processing plant capacity. A strike to this area could mean limited supply and higher prices. Hurricane Harvey sent gas prices up 14 cents for a 12 day period. The vicious storm shut down 25 percent of oil and gas production, which made up 5 percent of the nation's output. In addition to oil and natural gas prices rising, we should expect a short-term spike in the auto and home building materials industries, possibly a week or 2 after. Companies to watch include, GM, Ford, and Louisiana-Pacific. Also watch Exxon Mobile, which could be fueled into a new high. Just be careful, XOM is trending down. Always use proper stops and position sizing. Happy Trading!Longby Brandon501153
XOM going long, broke structureHello guys, this is my prediction, I expect XOM will rise to 83$, which is the target price of analysts. Thanks to high oil price this will bust earnings next quarter. Hope you have a nice day! Be sure to comment and follow, I'll post more analysis soon.. Longby BedroomTrader2
XOM, Bullish Bat Pattern On Your MarkXOM keeps on diving after its poor 2nd quarter report, for those who have waited for a long time to buy this oil and dividend giant, I think this might be a good opportunity. Again, 74-75 will be the idea price for the Bat entry, and i believe there will be huge buy limit order size @ 75, so I'll also pay attention to any reversal sign there as a confirmation entry.Longby Trader_Joe_LeeUpdated 5
ExxonMobil long signal reached prior to earnings.Lately long side moves on 30 TF in XOM have been too aggressive to capitalize on as my signals appear too late. I have the same issue only short side on SPX and FTSE. This merely tells the trending direction of a security along with giving the probability of what direction a sustained move in a security will go. Going back to the SPX example, the short side moves are incredibly aggressive and fast and each short opportunity is immediately removed by a rush to buy more given that a lower SPX presents a good opportunity to add to a position or enter if one hasn't done so already (probably very rare). I am unsure of how long this opportunity will last or even if it will reach the 40 basis point increase I am expecting prior to earnings. Given the lack of strength in previous XOM rallies it is likely it dies out fast. A rule I have found to be important for this system is exiting prior to earnings. Some people are good at playing earnings but as there is no math involved and it's merely an emotional catalyst for stocks, I will stay away. I will post charts that will show the importance of having this principle. Longby AlexanderHamiltonUpdated 5
$XOM had a V signal yesterday, but I was too chicken to add more$XOM had a V signal yesterday, but I was too chicken to add moreLongby jayo8886