If there were options for XOM, I would open and long straddle given the likelihood of big future volatility. There aren't, so I'm flipping the coin long on the thesis that the broader US market is in a bull.
Where is natural gas going into the winter of 2020? This commodity is a box of gerbils. Monthly candles can help to smooth out some of that noise. I wanted to see the presently intact long-term trendiness that have a large number of rejections at the wick, and then compare them to the relevant short-term trendiness.
Impressive buy and sell signals offered by the RVI since December.
High prob of a retest of the 20-day SMA and higher Fib level.
High prob of a retest of the lower Fib level before the RVI exceeds 60 again.
Short in medium-term. Long in the short-term.