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XOM

Colossal Head and Shoulders Top in Non-renewable Energy LeaderExxon Mobile is exhibiting a massive H&S top and is now trying to break below the neckline for the second time. Often times if a support/resistance break attempt fails, the second attempt tends to be more successful. If this Head and Shoulders top does break down, that should coincide with the price of Oil and be the start a new bear market for the non-renewable energy sector (which would be a sign of strength for renewable and electrical energy in the years to come).
NYSE:XOMShort
by tyler_sim
XOM stock price forecast timing analysis02-Jul NYSE:XOM Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength. Investing position: In Falling section of high risk & low profit S&D strength Trend: In the midst of a downward trend of strong downward momentum price flow marked by temporary rises and strong falls. Today's S&D strength Flow: Supply-Demand strength has changed from a weak selling flow to a strengthening selling flow again. read more: www.pretiming.com D+1 Candlestick Color forecast: RED Candlestick %D+1 Range forecast: 0.3% (HIGH) ~ -0.1% (LOW), 0.0% (CLOSE) %AVG in case of rising: 1.1% (HIGH) ~ -0.4% (LOW), 0.6% (CLOSE) %AVG in case of falling: 0.3% (HIGH) ~ -1.2% (LOW), -0.9% (CLOSE)
NYSE:XOM
by pretiming
XOM stock price forecast timingStock investing strategies Read more: www.pretiming.com Investing position about Supply-Demand(S&D) strength: In Falling section of high risk & low profit S&D strength Trend Analysis: About to begin a rebounding trend as a downward trend gradually gives way to slowdown in falling and rises fluctuations Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend. D+1 Candlestick Color forecast: RED Candlestick %D+1 Range forecast: 1.0% (HIGH) ~ 0.1% (LOW), 0.2% (CLOSE) %AVG in case of rising: 1.1% (HIGH) ~ -0.4%(LOW), 0.7% (CLOSE) %AVG in case of falling: 0.2% (HIGH) ~ -1.2%(LOW), -0.9%(CLOSE) Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
NYSE:XOMShort
by pretiming
Update USOIL: $61.50 first, then $52Commodities are typically the last asset to peak during a cycle. We typically interest rates peak first, a couple of months later that followed by equities and a couple of months after equities we see commodities peak. Commodities such as crude oil, are part of the contraction phase in the cycle, the higher the price rises it begins to acts as a tax on consumers and that begins the early recession phase. For that reason, I have marked this rally in crude as a wave A of a bigger corrective pattern.
OANDA:WTICOUSD
by UnknownUnicorn266486
Update: View of Crude Oil remains, buying opportunity at $48.60Demand remains consistent at 1.5% YoY, the decline was caused entirely by supply-side shocks and record production. From the lows, late last year OPEC has talked up production cuts which would ultimately be the catalyst to rally higher. This is a bullish market, shorting counter-trend is risky so make sure you are managing the risk of the position BEFORE you place your trade. I won't be shorting Oil, but I will be a buyer at $48.60 provided all the planets continue to align.
OANDA:WTICOUSD
by UnknownUnicorn266486
WEEKEND REVIEW: WTI near-term down before trend resumes higherMarkets are a DISCOUNTING MECHANISM they will discount today what they expect at some point in the future and if that expectation does not materialize the price will correct lower. Over the past few months, OPEC has been quite open about production cuts which would be the perfect recipe to push markets higher. Huge overproduction while demand remained consistent at 1.5% caused the price to crash, OPEN is now addressing this issue.
OANDA:WTICOUSDShort
by UnknownUnicorn266486