The oily business
By changing the chart patterns into lines and doing an overlay, one can see clearly the co-relation between oil price and XOM. Thus far, they are moving in tandem.
Also, the monthly chart of USOIL is bullish with price action above 21EMA.
Also, the monthly chart of USOIL is bullish with price action above 21EMA.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.