XOP - Headed towards the top of a massive wedge. PT $38.50

By NV_Trader
XOP appears to be looking to re-test the top of a massive wedge. Looking for contact around $38.50. Crude prices are providing a massive tailwind, I think we see $60 crude by December and XOP will follow to the upside.
Bullish PatternscrudeCrude OilcrudeoillongFibonacciSupply and DemandWedgeXOP
NV_Trader

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