Priced 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
Also energy sector XLE showing identical price action with a wedge and bounce off 200sma
Energy should run high throughout July
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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.