Reverse Head and Shoulders seems to have building out for some time. The Major Right shoulder appears to be completing the head of yet another reverse head and shoulders pattern. When this formation resolves, no reason that XOM can't easily pass 150.
My gut is telling me that the inflation is going to get really ugly. Can't imagine that oil prices won't keep pace. With their acquisition of Pioneer not long ago, they will prove to be the kinds of the Permian Basin. Drill baby drill.
My gut is telling me that the inflation is going to get really ugly. Can't imagine that oil prices won't keep pace. With their acquisition of Pioneer not long ago, they will prove to be the kinds of the Permian Basin. Drill baby drill.
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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.