Hitting the low end of the channel, if we don't see a breakdown of support we should see a long. I know that oil has been doing badly lately, but exxon is still exxon, and investors likely realise that once oil rises again it will be back trading at a premium.
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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.