UPDATE"ON POTENTIAL SUPPORT"ODDS FAVOR A BOUNCE...POSSIBLE RETEST OF THE LOW
OR FALSE BREAK DEEPER INTO THAT AREA.
EXXI
POSSIBLE "PATHS OF PRICE"A BREAK ABOVE CAN LEAD TO TARGETS OF $45-$48 IF NOT HIGHER
OR ANOTHER NEW LOW TO $18-16
CRUDE "WEEKLY VIEW"WEEKLY PERSPECTIVE....
26.06 - 23.80
MIGHT CAUSE A REACTION.....LOWER TARGETS OF COMPLETION ARE STILL IN "TIME"
$CL_F $USO $DWTI $UWTI $OIL $XLE $DTO $UCO $CVX $XOM $HAL $EXXI $SCO $ETE $XOP
EXXI is oversold... oil inventories are down...EXXI is a terrific buy. Kyle Bass increased his position... of which he bought at much higher prices. This company has free cash flow, spends a lot on CAPEX, and with their recent acquisitions, they will save 80M a year just in consolidating these synergies...
