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XOM

EXXON MOBIL: Another choppy month. Rally near Christmas.Exxon Mobil got rejected last Friday on the 1D MA200 and after the 1D MA50 rejection the week before, enters a dangerous territory of LL until it forms the bottom. The long term pattern is a Channel Up, who's rebounds and rejections are accuretelly depicted by the Fibonacci levels. Naturall the 1D timeframe is bearish (RSI = 36.689, MACD = 2.316, ADX = 38.647) and until we see HLows on the 1D RSI, we are not willing to turn bullish long term. We expect the rally to start close to Christmas, aiming at the top of the Channel (TP = 122.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYSE:XOMLong
by InvestingScope
XOM Exxon Mobil Corporation Options Ahead of EarningsIf you haven`t bought XOM when they made "more money than God" here: or ahead of the previous earnings: Then analyzing the options chain and the chart patterns of XOM Exxon Mobil Corporation prior to the earnings report this week, I would consider purchasing the 110usd strike price Calls with an expiration date of 2023-10-27, for a premium of approximately $1.43. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:XOMLong
by TopgOptions
EXXON MOBIL Buy opportunity lower.Exxon Mobil is trading between the MA50 and MA200 (1d) which is approximately the 0.618 - 0.5 Fibonacci range. Technically the most usual buy opportunity is on the 0.236 Fibonacci level. Trading Plan: 1. Buy when the 0.236 Fibonacci level breaks. Targets: 1. 119.00 (the High on 3 separate occasions). Tips: 1. When the RSI (1d) is on a downtrend and reverses to cross over the MA trend line, it is an action that validates the buy. Use this as an additional tool. Please like, follow and comment!!
NYSE:XOM
by TradingBrokersView
Huge Move now Consolidate from NGS Natural Gas ServiceThis ticker is red hot. Can extend up another 10% or so, but it is most likely to consolidate downward for a couple months now. The long term energy commodities trend remains bullish, so do not fear some short-term bearishness Natural Gas Services Group, Inc. provides natural gas compression services and equipment to the energy industry in the United States. It fabricates, manufactures, rents, sells, and maintains natural gas compressors and flare systems for oil and natural gas production and plant facilities. The company primarily engages in the rental of compression units that provide small, medium, and large horsepower applications for unconventional oil and natural gas production. As of December 31, 2022, the company had 1,869 natural gas compression units in its rental fleet with 425,340 horsepower. The company also engages in the design, fabrication, and assembly of compressor components into compressor units for rental or sale; engineers and fabricates natural gas compressors; and designs and manufactures a line of reciprocating compressor frames, cylinders, and parts. In addition, it is involved in the design, fabrication, sale, installation, and service of flare stacks and related ignition and control devices for the onshore and offshore incineration of gas compounds, such as hydrogen sulfide, carbon dioxide, natural gas, and liquefied petroleum gases.
NYSE:NGS
by noam_chom
XOM, HUGE WAVE-EXTENSIONS, Oil-Market View, UPCOMING TRENDS!Hello There! Welcome to my new analysis about XOM on several timeframe perspectives. The oil market has shown up with a massive pullback to the downside since the war developments have put heavy pressure on the whole oil market and drove the supply rally within the market. Since then the market managed to recover with a substantial rally moving into new all-time-highs and is actually forming a massive gigantic formational-structure here from where the market is setting up further determination dimensions. Currently XOM is forming a continuation-formation on the local timeframes which is an crucial wedge-formation, and this wedge-formation has a increased potential to complete within the next times. Once this formation has been completed the targets as mentioned in my analysis are going to be activated. From there on the volatility within the market has to be determined further and if the already established XOM developments hold on there is an increased possibility for the market to continue into the already established direction. XOM being the largest market-cap stock within the oil market sector is driving the oil market and wall street developments of oil stocks increasing by over 60%. The fact that the oil market could recover from the main war shocks that showed up with massive bearish pullbacks within the whole market does not mean this holds true for the whole stock market because there are sector stocks within the market that actually show greater bearish inclinations. In this case it will be highly determining on how the whole oil market actually continues and if the established dynamic holds on for this sector stock. In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated. VP
NYSE:XOM
by VincePrince
11
XLE - true breakout or fakeout?Oil has been ripping lately and trying to establish a new consolidation range. Keep in mind this rally in energy has occurred as the DXY has had 9 weeks of consecutive upside. The energy sector has been a bullish piece of the market and is at a critical support level. If this breakout in XLE is to hold we could see some significant upside. A weekly & daily breakout has been confirmed but when you zoom out to the monthly chart this could be signalling a failed Double top reversal. Seeing how XLE closes the monthly candle will be telling for the market as oil has been the main increase in the CPI and inflation expectations.
AMEX:XLE
by Trading-Capital
$OXY - Rising Trend Channel🔹Breakout resistance at 65.90, indicating a potential further rise, and potential support at 65.90 in case of NEGATIVE reactions. 🔹POSITIVE volume balance indicates higher volume on rising days. 🔹The RSI curve indicates a positive trend, indicating a rising trend. 🔹Technically POSITIVE for the short term. Chart Pattern: ◦ DT: Double Top | BEARISH | 🔴 ◦ DB: Double Bottom | BULLISH | 🟢 ◦ HNS: Head & Shoulder | BEARISH | 🔴 ◦ REC: Rectangle | 🔵 ◦ iHNS: inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NYSE:OXYLong
by wavepoint99
XOM has shown a consolidation patternXOM has shown a consolidation pattern This chart shows the weekly candle chart of ExxonMobil's stock in the past 4 years. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, ExxonMobil's stock has shown a consolidation pattern of high to strong overall after completing a small level double top at the beginning of this year! The small double top of ExxonMobil's stock at the beginning of this year was suppressed by the 3.618 level of the gold split at the bottom of the graph, and did not touch any strong support level for the low point of the pullback thereafter! So, in the future, the stock market of ExxonMobil is likely to weaken and continue to retreat towards the downside!
NYSE:XOM
by Think_More
CL WTI Crude Oil - Getting In Sync With The Market MakersIn late July I made a call that oil's actual target in the imminent term is not $100+, but actually a 3 or a 4-handle. Oil - A New Long Leg Down Soon Begins I believe that this long term analysis is still correct. However, price action has shown that the target was finally the daily gap at $85 and was achieved last week. Thus far in some 7 weeks of trading, oil has only gained $9. I likewise believe that before Natural Gas goes on its next bull run, it's going to violently abuse the longs with a raid under $1.8 NatGas - No Moon Until Doom But with current price action, we may get a false breakout over $3.1 before that can happen. A pump in energy and metals in September would be congruent with the thesis that equities are going to have a very red September as a setup into a Q4 that takes out the highs, which I outline here on the Nasdaq ES Futures: Nasdaq Futures - Are You Prepared For Red September? But the problem for retail traders is everyone is "practical" and believes that we're going straight up from where we are. It's a new bull market, some guy who works for some big bank and is tasked with engineering liquidity for high net worth clients and funds, told social and establishment media. Equity bulls need to give their head a shake, though. And so do energy bulls. With the U.S. being net short hundreds of millions of barrels from the Strategic Petroleum Reserve and the Fed reiterating that interest rates simply are not going to be cut until there's an international economic crash, the "long" trade only exists insofar as riding the wave that is intended to kill long term funds who are net short. If the scheme really is to rally like it's a new paradigm into Q4 and create a Bump and Run and then blow the world economy away in 2024 ahead of the next U.S. election, which Joe Biden will win because Donald Trump will die in prison, then there are significant risks. It's just like Burning Man where they decided to do a ritual sacrifice to the Azov cult in Ukraine and were met with a flood and rainbows and now are trapped in 6 inches of their own urine and feces and alkaline mud. What I mean by the above is that the best laid plans of mice and men always go awry, and this should be obvious to anyone who understands the situation in China with even a modicum of sobriety. Unfortunately, the people who understand China with a modicum of sobriety are almost nobody. Xi Jinping is an idiot who is still holding onto the Chinese Communist Party, the most murderous and worthless regime in all of human history. While Xi has never participated in the persecution of Falun Dafa's 100 million practitioners, which was started July 20, 1999 by former Chairman Jiang Zemin, and has even been killing the Jiang Faction as his real target in the Anti-Corruption Campaign, Xi is still the head of the CCP. When the CCP falls, Xi will fall with it and be impugned as responsible for all of the Party's sins in all of history. And this means that in the process of the CCP falling, Xi may show a glint of intelligence and wisdom and overthrow the Party himself, Gorbachev style, using the persecution as a weapon to protect the real China from being taken over by the International Rules Based Order that uses Taiwan as a proxy. What all of this means for energy and equities and really everything else is significant gap downs are ahead in the markets, and are likely to come at prices that are high but not that high. This is because if significant problems in China emerge and go viral on social media that Party West's propaganda machine are unable to suppress, it will disrupt the plan, and all of those long positions that are set to sell at high prices will turn around and start market dumping. This means you'll wake up one morning and see that SPY and QQQ are down 12% on market open, and this time, unlike COVID, you aren't seeing daily reversals for mitigation. Everyone will just be open selling to get into USD cash to run for their lives. Nobody will be around to maintain the bots, and every market will look like a cryptocurrency memecoin. So here's the trade on oil. We may see an immediate reversal at $85, where we are now. But I think the real target is $95, which will take out that effective daily bar double top printed in November of last year. That will draw in all the $100 call moonboys, since energy bulls are even more irrational than goldbugs. And they'll expire worthless as we head into the $40s to end the year while Apple prints $220 and Tesla prints $420 and NVDIA prints $480 (lolAIbulls). So if you want a trade heading into September, maybe we get a retrace to $82 on oil. Consider going long with a stop under the $77.60~ low. Sell at $95. Look for big dumps and go short on the retrace and hold into February for a $30 candle. Then get long for January '25 printing $150+.
NYMEX:CL1!
by LordWrymouth
$CVX - Falling Trend Channel [MID-TERM]🔹Rectangle Formation produced a POSITIVE signal at a breakout resistance of 160. 🔹Marginally broken up through resistance at 164, next resistance at 173. 🔹RSI curve indicates a rising trend, indicating an early indication of a possible upward trend reversal for the price. 🔹Technically POSITIVE for the medium long term. Chart Pattern: ◦ DT: Double Top | BEARISH | 🔴 ◦ DB: Double Bottom | BULLISH | 🟢 ◦ HNS: Head & Shoulder | BEARISH | 🔴 ◦ REC: Rectangle | 🔵 ◦ iHNS: inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NYSE:CVXLong
by wavepoint99
Oil - A New Long Leg Down Soon BeginsThe oil markets have been something of a puzzle to everyone on account of the fact that they range sideways for long periods of time, move a little bit, decapitate one side of the market, and then range again. One thing I've been sure of is that after doing $120 post-Ukraine War, and after WTI literally hitting $0.00 ( $-40 settlements lol) this certainly was not the top. And yet the problem is, this retrace has gone on for too long, with any and every rally increasingly being melted away and melted away. So it's not bullish, either. There's major geopolitical problems right now. One for the oil long is that because Russian oil is banned from the market by the International Rules Based Order, it doesn't mean that demand increased for futures-traded oil. Like, futures oil is primarily the United States' domain, and you know the leftists in Washington are short hard on oil because they sold off the SPR. How it works is you ban Russian oil from the futures controlled markets. The catch is that Russia still sells oil and sellers always have buyers. It means Russia sells at a discount or sells in exchange for rupees and yuan instead of petrodollars. Which means that demand from smaller countries and even bigger producers moves away from futures-traded oil and into Russia's pockets, which ultimately drives the price of commodities down. Geopolitically, because of the problems between Mainland China, its current ruler Xi Jinping, and the IRBO who operates via Taiwan as a proxy, anything can happen at any time. China is the biggest wildcard in the world because it's the only 5,000 year old country, has an enormous population with exceptional natural resources, and is ruled by a Communist Party that has become exceedingly inferior and weak. What this means is that the CCP can either fall or be overthrown literally any day. You won't hear it's going to happen days before on CNN and from The Washington Post. It will happen during Beijing business hours, which means the middle of the night in Manhattan. And if Xi is smart, he'll throw the Party away himself and weaponize the 24-year persecution and organ harvesting genocide against Falun Dafa in order to protect himself and the country from "War With Taiwan," which really and always has meant the IRBO trying to take control of China via Taiwan Ukraine Maidan Revolution-style. Since this event is in the cards, if it unfolds, it means we'll see $200 oil and in a big hurry. Really, in a big hurry. But before this happens, it only makes sense to melt down all the early longs and liquidate some funds first. I have an open call on Taiwan Semiconductor where I believe this company, because of the Taiwan situation, is a super strong long hedge in the upcoming markets: TSM - Taiwan, Your Semiconductor Long Hedge So, here's the call. All we have to do is look at the yearly candles and we can see that last year's price action was something of a yearly wick play. And so if we take this logic and we expect that after taking the high wicks, the low wicks are next, we wind up with some clarity on a set of monthly candles that is otherwise nigh indiscernible. Unfortunately for bulls, that means we're looking at prices that start with a 3-handle. Nobody ever believes it when you make a call like this, unless it happens to unfold right away. And while these markets might manifest in a faster way in the coming months, oil is still something of a landslide down and tractor pull up kind of market maker who employs sharp shakeouts along the way. Here's the thing: The OPEC production cut news in April was a canary in the coalmine, only because the rally was clearly a stop raid and failed. The May dump afterwards was a bearish harbinger of doom. It confirms the market makers are seeking continuously lower prices on higher time frames. On monthly bars and with recent price action, the $62~ level is supposed to be "support." But this support is likely to be broken if this rally fails. I believe this rally will certainly fail and we are about to have an extremely significant optimal short entry at roughly $79. If the theory is true, see how fast $61 comes. And after $61 is broken, perhaps it will actually be a breakaway runaway. If that really happens, then the targets are 3-handles in the $34 and $36 range. You better believe it.
NYMEX:CL1!Short
by LordWrymouth
15
NatGas - No Moon Until DoomIn mid June, I had made a call that Natural Gas was about to rally, because price action and timing supported a move upwards. Natural Gas - The Girl Who Hopes You Remember Her But that call became abandoned as I enlightened and improved further, and began to note that rallies were sold off and lows kept being taken. The trade degenerated into looking at a sweep over $3 and then a sweep over $2.9, and turned into abandonment. Before we go far, I want to tell you that you need to keep your eyes on the situation with China. The first thing you notice is that the propaganda machine and politicians are rarely going after "the Chinese Communist Party" but are always going after "China." This is very strange. China is the world's only 5,000 year country and holds the largest population. If you think about it even a little bit, the CCP would be so easy to topple, wouldn't it? Considering the Party has killed a magnitude more of its own people in its century of murder than Hitler did among all races during his years of insanity. And the CCP and former Chairman Jiang Zemin have the 24-year persecution and organ harvesting genocide against the Falun Dafa spiritual practice hanging over their head like the blade of a guillotine. You have to keep this in mind and go study it. A really crucial part of the puzzle is that Xi Jinping, for all the criticism and targeting he gets/deserves, has never persecuted Falun Gong. Instead, Xi's Anti-Corruption Campaign has been killing and ruining the Jiang Faction minions who have conducted and operated the persecution. Xi has even protected Falun Gong in Hong Kong after fortifying his rule there with the National Security Law following the 2019 Heaven Will Eliminate the CCP protests. All of this matters very much to the fossil fuels industry because there's a relationship between China and Russia, both in terms of production and demand, that changes greatly if something like the Ukraine War ends or drama over Taiwan suddenly enters nuclear brinkmanship. Looking at current monthly bars, Natural Gas shows some kind of "Bear Flag." What you're seeing, really, is an extended consolidation. This is actually potentially really bullish, to the upside, but we need price action to confirm it's time to go. Unfortunately, July did not show us this. The sweep of the $2 point and the lows in April was not enough to springboard the move, and that's really telling. While many may tell you that natural gas is obviously going to a zero-handle, a look at the yearly bars shows such a thesis really does not make sense. To the contrary, the 2020 pivot should, actually, hold. A classic super long term breakout and retrace. Moreover, $10 was printed for literally one day in 2022, and that's very strange. The problem with the moon turning full right now, is shown on 3 month candles, where this current little red blip only has one month left. This is not a bullish continuation. It's important, in a bullish scenario, to see volume come in and price action to correspondingly reflect that producers want to sell at higher prices and will orca the waves for us normal people. Moreover, in terms of the overall markets, as I post in this week's SPX call, we may be watching the equities/indexes bear market rally top for real. SPX - The Sound of a Shattering Iceberg As for what might be the news driver that harbingers the correction, it may very well be one of the 10 largest banks in America dumping for whatever reason emerges (watch out for commercial real estate): Charles Schwab - The Harbinger Of The Next Crisis? I also posted last week that it seems to me oil is about to head for a literal 3-handle. Oil - A New Long Leg Down Soon Begins And because we have problems with "Taiwan," which is to say the International Rules Based Order's desire to take over China via Taiwan while the Chinese Communist Party falls, I also believe that Taiwan Semiconductor (TSM) is set up as a probable long hedge through to the end of the year and into 2024: TSM - Taiwan, Your Semiconductor Long Hedge Now, in terms of natural gas ranging like it has, sharply dumping, and then beginning a new and major bull impulse, this is not without grounds, for this would be a fractal of the 2020 COVID dump-to-recovery play that saw a doubling into year end: If this were to play out, we'd see something like $1.60 natural gas into $4.8 by the end of the year or Q1 2024. After that, we may really see prices that exceed $10 and begin to flirt with all time highs at $15. The fundamental factors that would cause a 10 bagger on a commodity that literally equates to most of the world's electricity production are fairly significant. Especially considering "climate change" (lol "climate boiling") is attempting to be used as the pretext/excuse to export the Jiang-CCP Zero COVID social credit system worldwide in a way that far exceeds what was done during the pandemic. And so for the call, I would say the "short signal" with the markets hanging out in thin air at present, while we're about to begin a new quarterly shift, is a break of the $2.4 level. You'd want to short that break with a target meaningfully under $1.8 and then cover it without getting greedy. At that point, it's time to look for longs, and if you're a long term position trader, this may be one of the best opportunities you'll come across. But it may not really unfold until next year. And this assumes that my analysis is correct. Right now, daily price action is just showing failure swings, but nobody has stepped in yet to give it the push down the stairs it really needs.
NYMEX:NG1!
by LordWrymouth
32
Double top form of ExxonMobil's stock has been completedDouble top form of ExxonMobil's stock has been completed This chart shows the weekly candle chart of ExxonMobil's stocks over the past 4 years. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, the small-scale double top form of ExxonMobil's stock has been completed. Now, there is a long short competition at the bottom of the figure against the 3.000 and 3.272 positions in the golden section, and it is likely to break down in the future! For a period of time to come, just use the long start level of ExxonMobil's stock in late March this year at $99.63 as the long short divide!
NYSE:XOM
by Think_More
UCO a crude oil ETF LONGUCO popped in April and then dropped into a consolidation in May and June where it set up a base shown by the POC line on the volume profile. Once over the POC on July 6th on the daily chart coinciding with a golden cross on the HMA 56/210 combination the bull trend began. The dual time frame RS lines in the 60s suggest more to come. I am trading UCO and similar oil-based instruments including USOUSD or forex in the near term until I see signals of a topping that are not yet evident.
AMEX:UCOLong
by AwesomeAvani
3
XOM Exxon - Spring Coiled Or Hanging By A Thread?Every time the price of oil goes up, there's a group of bulls that are sure they're catching the train to $150. I mean, I do think oil will go to $150, and there has to be a bottom that comes first, so there's that. But with fossil fuels and energy producers it seems the pumps are rare, the consolidations are frequent, and the dumps are more common. In two recent calls, I suggest that oil may actually be on its way to a 3-handle Oil - A New Long Leg Down Soon Begins This particular thesis is at something of its inflection point. All the way to $85 would not be surprising, nor would it invalidate the short trade. But here we chop in the $80s. For Natgas, in a recent call, I suggest that price needs to raid $1.6~ before the rocket mission to $10 can commence NatGas - No Moon Until Doom Natty has rallied fairly meaningfully in the last few days, and it may even actually finally punch out $3. But if it can't continue from there, the idea may still be correct. A big tell that something isn't right in the bull thesis for Exxon is that after the highs were swept in April at $119~, everyone long over $111 has remained trapped ever since, with price not following oil's recent $20 rally. Now for Exxon, something that's really notable is that the CEO recently bought himself some 650,000 shares for $69 million. This makes many people believe that new highs simply have to be coming. When we look at monthly candles, we can see we're "flagging" above the old All Time High, there's no indication that it's a reversal, and yet, for three months, there is no reversal. On the weekly, last week's price action gave the appearance that it's finally time, but it may have just been a stop sweep over the range high. It's notable oil is pumping, but Exxon is not, despite its stellar earnings report. An important thing to note about Exxon is next dividends ex-date is August 15 and the payout is 91 cents a share. The CEO will pick up some $591,000+ in cold cash mitigating his position. It's also worth noting that when it comes to insider buys, they aren't necessarily indicative that price is going to go up before it goes down. The man may have understood he could make more than the 5% he can earn in the money market by buying Exxon and loaning the shares out to short sellers, combined with dividend payments, over the next year, for example. The most rational place for Exxon to correct to, if it were to correct, is the $68 level. There are a lot of geopolitical risks right now with China, the Chinese Communist Party, Xi Jinping, and the CCP and the Jiang Zemin faction's 24-year persecution and organ harvesting genocide against Falun Gong. This is really the biggest piece of the puzzle that you need to educate yourself with, but establishment media doesn't talk about it. All of this directly impacts the oil market. And the War in Ukraine impacts the oil market, because if the War is called off then Russian oil is going to flow worldwide again and amount to a big time supply increase. Things can change any time.
NYSE:XOM
by LordWrymouth