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XOM

EXXON MOBIL Will it recover the devastating December?Exxon Mobil (XOM) gave us an excellent buy signal on our last idea (September 27 2024, see chart below) as it quickly hit our $120 Target: Since the November 22 2024 (Lower) High though, it had an aggressive sell-of that stopped on the December 20 2024 Low. The price has stabilized for now but hasn't yet gained the necessary momentum to stage a rebound. On the other hand, there are some very encouraging signals that justify going long as the Risk/ Reward Ratio has turned very favorable for buying. The price might not be exactly at the bottom (Higher Lows trend-line) of the Channel Up but the 1W RSI is on the 38.35 Support, which is the exact level where the it bottomed on January 19 2024, on the previous Higher Low. At the same time, the 1D MACD has completed a Bullish Cross, which has always been a solid buy entry below the 0.0 level. As a result, even though the stock may deliver one last pull-back to test the bottom of the 14-month Channel Up, it is worth buying now as the upside is significantly higher. Our Target is the Resistance 2 level at $126.40. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:XOMLong
by TradingShot
1
Exxon Mobil (XOM): Preparing for a Q1 2025 SetupHeading into Q1 2025, we believe NYSE:XOM could present a promising buying opportunity, and we are preparing a setup to align with our bias. Since April, we have been closely monitoring Exxon Mobil, and the technical picture continues to gain clarity as the stock respects both the range middle and range high. The wave ((b)) overshot wave A by a significant margin but still within acceptable limits for a flat correction. Since the overshoot in early October, NYSE:XOM has seen a substantial decline—falling 17% over 75 days, a significant move for this stock. The primary driver behind this decline seems to be ongoing shareholder challenges. Over the last three years, Exxon Mobil has resisted calls for meaningful carbon emissions reductions, instead doubling down on traditional oil and gas operations. Legal action against shareholder activists pushing for emissions reduction targets has only added to the controversy, with proposed changes falling short of expectations. The shareholder concerns highlight a critical point: some voting patterns defy logic when aligned with long-term goals. Questions remain about whether Exxon Mobil should, or can, prepare for a carbon-neutral future. The widely publicized shareholder vote in 2021, which many hoped would lead to substantial changes, seems to have produced minimal practical outcomes. Despite these issues, we see potential for NYSE:XOM to resolve its challenges in the near future. From a technical standpoint, we observe a strong likelihood of a wave C drop into the $101–$92 range, which aligns with the 61.8%–78.6% Fibonacci retracement levels. This would be a key area to begin building a position.
NYSE:XOMLong
by freeguy_by_wmc
$XOM Trade Analysis DarkPoolsKey Observations: Descending Wedge Pattern: The chart shows a descending wedge, marked by a narrowing price range between the green support line and red resistance line. This is a bullish reversal pattern. Price is currently testing the upper red resistance trendline, signaling a potential breakout. Dark Pool Levels: Key levels include: 111.76 (BA SW). 110.82 and 109.12 acting as potential support or resistance zones based on price action. These levels suggest significant institutional activity, making them critical for trade planning. Support and Resistance: Support levels: The wedge's lower green trendline near 106.28. Major dark pool support at 104 (BB SW 104). Resistance levels: 108.07 (Dark Pool Level). 111.76 and 112.00 (Dark Pool and Fibonacci target). Higher targets at 115.00, 117.50, and 120.00 (Fibonacci extensions). Trend Analysis: The price is currently near the 8 EMA and 21 EMA, suggesting consolidation and potential for a breakout. A break above 108.07 (dark pool level) could trigger bullish momentum. Trade Idea: Entry: Breakout Entry: Enter above 108.07 if confirmed with strong volume. Pullback Entry: Enter near 106.28, the lower wedge support, for a better risk-to-reward ratio. Profit Targets: 112.00: First target aligning with Fibonacci and dark pool levels. 115.00: Second target, key Fibonacci extension. 117.50: Third target based on continued bullish momentum. 120.00: Final target for a strong bullish move. Stop Loss: Close below 106.00: Invalidates the wedge pattern breakout. Close below 104.00: Signals bearish continuation, as the price would break significant support. Risk Management: Ensure position size aligns with risk tolerance. Risk-to-reward ratio should be at least 1:3, considering entry at 108.07, stop loss at 106.00, and initial target at 112.00. Additional Notes: Volume Confirmation: Look for above-average volume on breakout above the wedge's resistance line. Dark Pool Reaction: Monitor price action near dark pool levels (especially 108.07 and 111.76) for reversals or breakouts. Fibonacci Levels: Higher Fibonacci extensions suggest strong potential upside if the breakout is sustained.
NYSE:XOM
by thedarkpooltrader
ExxonMobil: PullbackXOM stock has experienced a setback over the past two weeks. However, we maintain our view that turquoise wave 3 is still in progress and has further upside potential. Once a top is established, we expect a corrective movement before another rally completes the larger green wave (1). The recent decline brings our 35% alternative scenario into focus, which places the stock in green wave alt.(2). This scenario will activate if the price falls below the support level at $95.77.
NYSE:XOMLong
by MarketIntel
XOM Stock: Using The Rocket Booster Strategy In 3 StepsThe oil prices NYMEX:CL1! are looking like they are going to rise. Why? Am really not sure about why but one thing for sure is the price hike is coming The oil price affects this stock which is one of the stocks on my watch list Because of my change of trading I have developed a permanent watchlist Again you need to understand that am not day-trading these stocks forex or crypto am looking at these trades like investment opportunities. Yes you may get discouraged but don't give up On building your watchlist which is a very important step to a successful trading career Also notice that this price action follows the rocket booster strategy The rocket booster strategy has 3 steps: #1-The price has to be above the 50 EMA #2-The price has to be above the 200 EMA #3-The price has to be in an uptrend. This is what you are seeing here on this chart of NYSE:XOM Remember to learn more rocket boost this content Disclaimer: Trading is risky please learn risk management and profit-taking strategies.
NYSE:XOMLong
by lubosi
Exxon's Make-or-Break Moment: $123 Resistance in FocusThe chart distinctly illustrates that the stock has been in a consolidation phase for over a year and is presently trading slightly below its resistance zone. For a potential upward movement, the price must surpass the 123 level and maintain its position above this threshold. At the same time, there is a significant likelihood that the stock price may encounter rejection once more, leading to a decline towards its trendline support level.
NYSE:XOM
by NaranjCapital
1
EXXON MOBIL Buy signal on the 1D MA200.Exxon Mobil (XOM) has turned sideways since the June 17 Low and yesterday hit and held and 1D MA200 (orange trend-line). Technically this calls for at least a Resistance 1 test on the short-term so we turn bullish, targeting 120.00 (marginally below that level). If however it turns out that the dominant pattern is indeed now a Channel Up, on the long-term we can see prices as high as the 1.5 Fibonacci extension (131.50), which is where the previous Higher High was priced on April 12 2014. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:XOMLong
by TradingShot
1
Is oil signalling a recession? Oil has really started to free fall. The death cross on the daily chart has occurred. this is where the 50 MA intersects with the 200 MA in a downtrend. This often implies more downside to the medium and long term but is often a great short term long signal. Usually when you get this signal the market makers bounce the stock or commodity a bit before taking it lower. We are hitting a massive multi year trend line going back to 2022 that should act as some support. XLE looks ready for 1 more down leg before a swing tradable low is in. Energy does have a tendency to fall precipitously so understanding oil can keep falling if investors fear the worst or a recession.
AMEX:XLE
by Trading-Capital
5
ExxonMobil projects stability in global oil demand through 2050ExxonMobil has released a report projecting that global oil demand will remain stable until 2050 despite the accelerating shift towards renewable energy sources. According to ExxonMobil, oil demand is expected to stabilise after 2030, maintaining levels above 100 million barrels per day, closely aligning with the current 102.2 million barrels per day. This forecast starkly contrasts with its competitor, BP, which anticipates a decline to 75 million barrels per day by 2050. The report highlights that petroleum products will continue to play a critical role in industrial processes and heavy transportation sectors such as shipping, trucking, and aviation. Moreover, ExxonMobil notes that despite the increased adoption of electric vehicles and other renewable energy resources, oil and natural gas are projected to constitute over half of the global energy mix by 2050. This outlook supports an optimistic long-term scenario for ExxonMobil's core oil and gas operations. Technical analysis of Exxon Mobil Corporation (NYSE: XOM) Reviewing potential trading strategies based on the technical setup of ExxonMobil's stock: Timeframe : Daily (D1) Current trend : the stock is trending upward within an ascending channel, having recently rebounded from the support level at 114.00 USD and approaching a critical resistance at 120.00 USD Short-term target : the immediate upside target lies at the resistance level of 123.65 USD Medium-term target : a breach of the 123.65 USD resistance could pave the way for further gains towards 127.60 USD Key support : positioned at 114.00 USD Reversal indicator : if the stock breaks below the key support at 114.00 USD, it will negate the current bullish scenario, potentially driving prices down to 108.45 USD ExxonMobil's shares currently benefit from positive momentum, having broken the upper boundary of a descending channel. A successful breach of the key resistance at 120.00 USD would signify an exit from a Triangle pattern, potentially strengthening the bullish momentum with a target at 127.60 USD, aligned with the pattern's projected outcome. Investors should closely monitor ExxonMobil's movements, especially in light of its optimistic oil demand forecast and the potential impact on its stock price in the context of prevailing market dynamics and energy sector trends. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NYSE:XOM
by RoboMarkets
Exxon continues the Energy forever bull marketExxonMobil Corporation (/ˌɛksɒnˈmoʊbəl/ EKS-on-MOH-bəl; commonly shortened to Exxon ) is an American multinational oil and gas corporation and the largest direct descendant of John D. Rockefeller's Standard Oil. The company, which took its present name in 1999 per the merger of Exxon and Mobil, is vertically integrated across the entire oil and gas industry, and within it is also a chemicals division which produces plastic, synthetic rubber, and other chemical products. ExxonMobil is headquartered near the Houston suburb of Spring, Texas, though officially incorporated in the U.S. state of New Jersey. : 1  It is the largest United States-based oil and gas producing company. ExxonMobil is also the eighth largest company in the world by revenue and the third largest in the US.
NYSE:XOMLong
by noam_chom
1
USO is in a sweet spot on its chart LONGUSO while the middle east, the Houthi rebels and the Suez Canal shipping quagmire affect oil liquidity globally and prices at the pump continue to be volatile the federal government seeks contracts to restore the national strategic reserves depleted in the last supply demand challenge while the presidential and congressional election cycle starts warming up. On the weekly chart, USO has just crossed over the long term anchored mean VWAP line as well as the POC line of the volume profile. This is a bullish momentum move. Price is situated in the middle of the high volume area showing expectations of decent trading volume and liquidity. I see this as an opportunity to take long trades in oil or anything oil related. CVX is on sale after a drop after the morning open. i will look at oilfield services stocks, big oil and oil futures.
AMEX:USOLong
by AwesomeAvani
1
OIl setting up for a bounce here, trade or continuation?We've been out of the #Oil trade for some time now. It since went about 10% higher, no big deal. Daily analysis: Broke its recent uptrend. RSI oversold - Usually gets a bounce at these levels. It has been trading in between mid 60's & Low 90's. Intraday looks like it is setting up for a bounce. -------------------------------- Weekly Analysis: You'd figure with tension rising that #OIL would be at a 100, at least. Daily it broke the trend but it's best to wait until Friday to see if it's going back to the lower part of the trend or bouncing. Historically, RSI doesn't hang around the 50 area much, shown by the yellow arrow.
NYMEX:CL1!Long
by ROYAL_OAK_INC
Guyana Takes Exxon to CourtGuyana's tax agency is taking Exxon Mobil Corp. ( NYSE:XOM ) to court after one of the company's suppliers claimed it mistakenly inflated the value of oil-well equipment by 200 times to about $12 billion. The Guyana Revenue Authority issued a summons to the oil giant, with a hearing scheduled for May 10. Exxon and Trinidad-based Trinidad-based company Ramps Logistics claimed the overvaluation stemmed from a clerical error that denoted the sum in US dollars instead of Guyanese dollars. A Guyana dollar is worth about one-half of a US cent. Exxon ( NYSE:XOM ) country manager Alistair Routledge said the error was "caught early" and no one suffered any loss. The company has updated its procedures to prevent repeating the error. Under Guyana's production sharing contract with Exxon, the government only receives its share of production after costs are deducted. Exxon ( NYSE:XOM ) recently approved its sixth development which will help double its production capacity to 1.3 million barrels a day by 2027. The company has agreed to comply with the audit.
NYSE:XOMShort
by DEXWireNews
Exxon ($XOM) Stock Falls on Q1 Earnings ReportsExxon Mobil ( NYSE:XOM ) and Chevron ( NYSE:CVX ) stocks fall on first-quarter earnings Reports. The first quarter of 2024 has brought forth a flurry of developments, shedding light on the complex dynamics shaping the future of these energy behemoths. Earnings Woes Amidst Market Headwinds Both Exxon ( NYSE:XOM ) and Chevron reported disappointing first-quarter earnings, attributing the downturn to lower refining margins and natural gas prices. Exxon's earnings per share fell by 27%, while Chevron experienced a 17% decline, reflecting broader challenges faced by the energy sector amidst fluctuating market conditions. Despite efforts to bolster profitability, including increased production and strategic acquisitions, the supermajors have encountered headwinds that have dampened investor sentiment. Guyana: The Prize and the Pitfall At the heart of the supermajors' strategic maneuvers lies the oil-rich territory of Guyana, heralded as a potential game-changer in the global energy landscape. Exxon's prolific operations in Guyana have yielded substantial production gains, providing a glimmer of hope amidst broader market challenges. However, Chevron's attempt to enter the fray through its acquisition of Hess has sparked a bitter dispute, with Exxon asserting its right of first refusal and threatening to derail Chevron's ambitions. As arbitration proceedings loom, the fate of Guyana's coveted resources hangs in the balance, underscoring the high stakes and fierce competition characterizing the energy industry's quest for dominance. Navigating Uncertain Terrain Against a backdrop of geopolitical tensions and fluctuating oil prices, Exxon ( NYSE:XOM ) and Chevron face a myriad of challenges as they chart their course forward. While geopolitical risks in the Middle East and evolving demand dynamics pose ongoing challenges, the supermajors remain resilient, buoyed by their strategic assets and global footprint. Despite short-term headwinds, long-term projections indicate continued demand for fossil fuels, offering a glimmer of optimism amidst market uncertainty. Stock Performance and Future Prospects Amidst market turbulence, Exxon's ( NYSE:XOM ) stock performance has been reflective of broader industry challenges. Exxon ( NYSE:XOM ) has rebounded modestly from lows remaining committed to capitalizing on growth opportunities and enhancing shareholder value through strategic initiatives and prudent investments. As they navigate the complexities of the energy landscape, Exxon ( NYSE:XOM ) and Chevron stand poised to weather the storm and emerge stronger, reaffirming their status as industry stalwarts. Conclusion: Navigating the Energy Transition The first quarter of 2024 has brought forth a confluence of challenges and opportunities for Exxon ( NYSE:XOM ) and Chevron, underscoring the resilience and adaptability required to thrive in today's dynamic energy environment. As they confront earnings declines and strategic disputes, the supermajors remain steadfast in their pursuit of sustainable growth and operational excellence. With Guyana's resources hanging in the balance and global energy dynamics in flux, Exxon ( NYSE:XOM ) and Chevron are at a pivotal juncture in their journey toward securing their position as leaders in the evolving energy landscape.
NYSE:XOM
by DEXWireNews
1