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EXXON MOBIL CORPORATIONEXXON MOBIL CORPORATIONEXXON MOBIL CORPORATION

EXXON MOBIL CORPORATION

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XOMCL trade ideas

XOM Ready for the Bullish ImpulseGood morning traders, today we bring you a bullish scenario that we consider interesting in EXXON MOBIL. 🔸From a technical perspective, we can detail that the price bounced off a strong Support Zone. 🔸Then, it broke to the upside the Descending Trendline and continued its upward movement, with a marked uptrend. 🔸We see that the price began to consolidate in a corrective structure, and, if we take the upside movement that happened in the past, both corrections occurred in the same price range. 🔸A couple of days ago there was a very strong candle to the upside, which confirmed the breakout of the structure. 🔸As the previous resolution was a strong move towards the resistance zone, we expect the same behavior in the current situation.
NYSE:XOMLong
by ThinkingAntsOk
3
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NYSE:XOM
by K-alonzi
2
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
EXXON MOBIL CORPORATION Estimates DailyHey guys, EXXON MOBIL CORPORATION is in a bullish configuration with a water carrying candle with a large volume of sales traded. On the TIMEFRAME M1 we see a hammer candle shape with a large body accompanied by a large volume of sales issued, it goes towards the hat of the stabilization zone for testing. Great propability to breakout the priix at the same time the area to reach the one above and get to the next top. Not enough force to go and test the intermediate median of the ANDREWS PITCHFORK range. Please LIKE & FOLLOW, thank you!
NYSE:XOMShort
by stephanelibatd