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XOM

Short Energy sector 🛢️ - Swingtrade, high Risk/Reward trade If you like the idea, do not forget to support with a 👍 like and follow or comment. Leave a comment that is helpful or encouraging. Let's master the markets together. Hi fellows, just one of my today swingrades: As you can see ERY bottomed out and forming a bull flag pattern.Rising bull momentum is there clearly represent by divergence on Momentum and CCI indicators. Today will be good opportunity to get in. ------------------------Trade setup --------------------------- Entry: 34.34 Stop Loss: 32.75 Profit target: 39.76 Time stop: 5 days ------------------------------------------------------------------
AMEX:ERYLong
by Tomasgei
1
Technical outlook: XOM bearish scenario:Technical outlook: XOM bearish scenario: We have technical figure Rising Wedge in US company Exxon Mobil Corporation (XOM) at daily chart. ExxonMobil is an American multinational oil and gas corporation. ExxonMobil is one of the largest of the world's Big Oil companies. The Rising Wedge has broken through the support line at 22/12/2020, if the price holds below this level we can have possible bearish price movement with forecast for the next 10 days towards 38.56 USD. Our stop loss order should be placed at 44.47 USD if we decide to enter this position. Fundamentals: - Louisiana Governor John Bel Edwards said Exxon Mobil Corp is considering investing more than $240 million in its 517,700-barrel-per-day (bpd) Baton Rouge, Louisiana, refinery. Exxon is contemplating several projects to increase flexibility in crude oils the refinery can process and to reduce pollution at the refinery, Edwards said in a statement
NYSE:XOM
by greenforexsig1
1
Looking for a decent, if minor correction on USO > 44-ishLooking to purchase Oil/energy equities, looks like USO has a slight negative bias and might break down from ascending wedge. Looking to purchase more oil/energy on a dip. I can see 43-44 on a correction. 100 EMA near 44 should cap losses, unless we have a news catalyst. Exxon and other energy names have moved up hard over the last few weeks, might be time for a correction. This would be to add to existing positions or to add new names. Also noticing some bearish divergence on the RSI in the 4-hr chart. Looking to pick up a few shares of FENY to diversify. Main vehicle is XOM, FENY is not ideal for diversification, but it provides some. Charts and indicators look okay, XOM appears to be at distribution and therefore a dip is underway as I write. Ideal price for FENY would be 9.90ish, for XOM, I would say anything below 40. Market will do what it wants, so I might just put in a trailing buy order with a half-decent delta and see if I can get a better price, but not going to try to get too "cute" about getting a sale price.
FX:USOILLong
by JJMa
1
Crude oil recent ascends meeting roadblock aheadThe recent breakout made by the crude oil may excite buying opportunities to some. For how long it will last will need to be seen if it could penetrate several layers of resistance ahead. This week price action was not powerful enough to sustain the move. Catalyst and sentiment that could influence the price action not supporting the move too, as energy giants such Exxon Mobile (XOM), Chevron (CVX), BP and Royal Dutch Shell (RDSA) giving cautious forecasts on the price projectile. Nearly all of the energy giants viewed the price of crude oil will only top $60.00 a barrel by 2026/27. Next week, OPEC+ will meet from Monday to Tuesday to decide on the current crude oil production output, which at the current pace produced a limited volume to stabilize the price.
TVC:USOIL
by mukhriz.mangsor
Exxon Mobil The Idea is to hold - wait the end of the bearish trend before going long. The breakout of the Trendline gives a signal of strength, but it is still to early to go long. Exxon Mobil (XOM) – Exxon lost 18 cents per share for the third quarter, smaller than the 25 cents a share loss that analysts were expecting. Revenue came in above analysts’ forecasts. Exxon is also planning smaller capital expenditures for 2021, to $16 billion to $19 billion, from $23 billion this year.
NYSE:XOM
by Mauriello
TBT - Next Big Mover?Without too much noise, interest rates appear to be creeping up. In comparing with other trading instruments I watch, it appears to have the biggest potential for a move. As the rising rates indicate an increase in inflation, I've also had my eyes on a few commodities. Inflation has too long been downplayed but we all know the reality of inflation because we are exposed to the reality, not the engineered inflation figures that show there is none. Soybeans have looked interesting (SOYB). Also watching DBA for a broader commodity play. Oil as well. Started taking positions in some like XOM. Could be testing a long term low. Politically, the oil industry appears toxic but such fears often prove to be great buying opportunities. I'm taking some shots here across the inflation spectrum.
AMEX:TBTLong
by Glewis54
1