XOM Excellent Long Term projectionsPrice coming down to test support at the $100 area. Believe a $140 price in the next year or two and perhaps double in five years. Adding to my position at or below 100.
XONA trade ideas
Long-Term Triple-Top Formation Seen on XOM!The weekly chart of Exxon Mobil Corp (XOM) is poised to confront a neckline at $98.31 of a major long-term triple-top formation around the $120.00 mark. Should further selling unfold and a price close materialises south of the neckline, chart pattern enthusiasts will look to apply the pattern’s profit objective (a value derived from the highest peak in the pattern to the neckline that’s extended from the breakout point).
XOM1.10.24 This is probably the last video on XOM. The truth is I like the challenges of looking at new trading opportunities... but even more importantly... looking at Exxon oil is fun because I have absolutely no risk of loss.... because I've never traded it and I never will. You really want to wait for the markets to set up.... and I give an example or two of what a setup looks like. this is not the best time to start trading exxon because the markets contracted and you can still trade it but it's $100 a share or so with a very small range.... but if you can distinguish high probability decent reward setups by looking at this chart when it had those kinds of setups, it is worth thinking about this. if Exxon went lower 30 to 40%( 382)... I might consider being a buyer. Exxon may travel to the top of the yellow range box where you might find sellers. we could do this ad nauseam until we run out of space. If you want to save yourself from a lot of stress don't trade contracted markets. Wait for markets that are expanding or have already expanded and have great range.
Oil Bitcoin XOM1.9.24 I'm sorry for my problem with speech on this video. It's a neurologic thing and it gets worse as I get older. But you'll get the gist of it If you focus on how markets expand and contract... and you are able to make the distinction between arranging market and a trending market. Bitcoin is in an expanding market and yet you could have traded it as a ranging market for months... but these last breakouts higher are showing differences that are easy to see if you step back and look at the chart. If you're too narrow in the way that you analyze markets you might think that you're missing the big moves because you might not have gotten the long trade this week in Bitcoin.... so if you think about the market in the last two or three trading days you feel that you're too late. On the other hand for the past few months you could have traded the range and you could have gotten out make it a profit without having the market reverse and take away your profit..... and you know where the virus and sellers are if it's a range box. If you never look for range boxes you never see boxes.... never see boxes you never think in terms of where the buyers and sellers are. you might say why I don't need boxes I can see where the bars and sellers are.... but that box is associated with a range and that range represents a certain amount of money... and all you have to do is take a glance at that box and you will know how viable that box is to trade. On XOM.... that Has a trending Behavior going higher but it is trading in a range. Generally speaking.... for me.... arranging market much differently than a trending market. For me..... arranging market is arranging Market Until It Breaks significantly higher or lower. My favorite market is a trending market going lower.... it is oversold... and it is come to support and is finding buyers. If I have arranging market with sufficient distance between the buyers and sellers... that means I can find a market that gives me a certain return because of its vertical range... I'm willing to trade that and I know where my targets are and I know where my stops are. The kinetics of arranging market are much different than a trending market. If there's a trending Market I'm looking for a reversal... and most people will be afraid of this... but when it works it makes a lot of money... but keep your stops small. If you trade arranging market as if it were a trending market you will lose money. I am not talking to you I am talking to me.
XOM1.8.24 XOM was a little tricky today because it gapped lower on the open. If you had a small stop you would have been stopped out most likely... but the market closed the gap where they were buyers and it didn't make a new low... and once it made it slow for the day it went significantly higher to suggest that the market has a chance of making a new high. Unfortunately, I ran out of time so I will finish this video tomorrow. I ran out of time because I wanted to show how I would look at transitions in the market when it was moving higher and then it started to range. We could see this on a monthly chart... and we could have used ABCD patterns to help us etc.....
Exxon Mobil to target 111.6 after crossing resistance line1-hour chart, the stock is trying to beat the resistance, but still does not have enough bullish power.
However, it seams it will rebound soon,and after crossing the resistance (blue line) around 104.7, the target will be 111.6 - A rising wedge chart pattern.
Below support A, the next down target will be support B line.
RSI is positive
XOM - end of wave 4?Unless we see NYSE:XOM make a strong move above 105, this looks like the end of wave 4. We would expect a 5th wave to take us below the December low.
Energy Stocks: Macro Fib SchematicsThis idea beholds 6 of the largest Energy companies in the world.
(Shell, Chevron, Exxon, BP, Duke, and OXY Petroleum.)
These macro schematics have been crafted through meticulous Fibonacci techniques.
I've laid every one on a 3 month timeframe starting at 1988. History buffs will understand the time reference to the rough "start" of Middle Eastern conflicts from the West and the rise of the price of "fossil fuels".
I'm not begging anyone to understand this genius mastery of Fib tools. You either see it or you don't.
I've linked my ENERGY COMMODITIES idea below for more analysis.
XOM (Oil)Has bottomed out here at 99 support
20sma has been resistance entire sell off.. long over 102..
105 first target
BEARISH OIL WILL IMPACT EXXONAccording to Tom McClellan, Oil follows Gold with a 18-20 months and so he forecasts a low for May 2024.
Gavekal IS Research has formally uncovered this lag though without issuing a strategic forecast.
The logic is that Gold "stores" the future price of energy
It is very easy to see that a 5 Wave pattern has occurred and is currently being followed by a rectangular ABC pattern. Supports are being broken, suggesting that the 1st Wave of a 5 Wave bearing pattern is unfolding.
The target is below 65, a major support/resistance line
A Gann target would be around 60 or 1/2 of the top at 120
Nat Gas & Oil reversing Lower!Nat Gas saw a decent 4% decline today.
It made a lower high in the trend which leaves it vulnerable.
Oil hitting resistance and turning negative.
EXXON MOBIL: Strong buy at the bottom of a 1 year Rectangle.XOM has been trading inside a Rectangle pattern since the October 11th 2022 low and just last week the 1D RSI got oversold below 30.000. Now the 1D technical outlook is neutral (RSI = 46.595, MACD = -1.790, ADX = 43.208) but that oversold level was the first buy signal as it took place very close to the Rectangle's bottom.
The second and final validation buy signal will be when the stock closes a 1D candle over the LH trendline. Yesterday it crossed over it but closed on it. We will take this opportunity to target the 0.786 Fibonacci level (TP = 115.00) as this was the minimum target that the previous three rallies hit.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Bullish IdeaThis idea is for a short options swing trade:
* All of energy did well today, not just XOM
* XLE up around 1.02% at present time
* Unusual high volume in the premarket this morning
* This got me to thinking it's being accumulated
* Nothing much happened during the day, but for the power hour there are some nice confluences
* Channel Break, though I would like to see more volume so monitoring some more
* Bullish Inverse H&S pattern
* VWAP suggests buyers are supporting stock
That's pretty much it. This has been in a heavy down trend for quite some time and is finally showing possible signs of reversal. The big question is: Is this accumulation?
Possible Reward: 1.50 — 3.00
XOM longI am bullish on oil and oil-related stocks nowadays. I estimate there will be short-term bullish move on XOM
ExxonMobil LONGExxonMobil has announced its project spending and oil output forecast for the period of 2022-2027. The company plans to spend between $22 billion and $27 billion annually, with a target of producing 3.8 million barrels of oil equivalent per day in 2024. The forecast does not include the gains from the acquisition of Pioneer Natural Resources, which is expected to close next year. The company plans to increase its share buybacks to $20 billion annually through 2025 and continue its ongoing divestment plan for its refining operations. The forecast is watched closely by investors for its spending and production targets.
XOM 3d ChartPublishing the Exxon 3d chart to track this as it heads to an important volume zone.
The entirety of the oil sector has been weak over the last few months and this is likely a guide on the overall market.
If this cannot bounce in the next -3-5% zone (highlighted), I can see this heading towards the 80-90 range in the next few months.
Previous USO idea:
Depending on how oil and oil related stocks move, this could have greater impact on the overall market, keep an eye on XLE and XOP.
Rosneft Stock Is About to Drop Big TimeThis is it. No one want Urals anymore and this is the last days, weeks or months of Rosneft management team. Good luck with golden parachutes.
XOM bottom of rangeThis asset gives a good range to trade currently we are at the bottom within 3% of it sl @ 96$ target top of range 114 with a potential breakout
XOM is likely to hold support and make a bullish reversal.Shares of oil and gas companies gain tracking a rise in oil prices.
But, there is more to support Exxon's reversal.
EXXON is to release additional details about its corporate plans, Including Its Capital Plans to 2027, on December 6th.
Its plans to become one of the world's top producers of the metal used to make electric vehicle (EV) batteries can be a trigger for long term bullish price action.
Short term technical overview also looks optimistic.
Cycle Sniper Daily indicates a potential bullish reversal from an oversold region after the stock holds 100$ - 97$ support.
Technically:
Cycle Sniper Daily indicates a bullish reversal from an oversold region after the stock holds 100$ - 97$ support.
After a daily closing above 107$, our targets are 110$, 113$, 118$, and 126$ until the end of Q1 2024.
Good Luck
XOM (Oil)Price formed a very large falling wedge at demand/support.
Breakout of wedge should happen this week
1st target is 109
2nd target 120.
Similar setup here for the energy sector XLE
Exxon Mobil Shares Rise, Making Three-Day Winning StreakExxon Mobil Corp. (NYSE:XOM) saw its shares climb by 0.39% to close at $104.29, contributing to an overall upbeat day on Wall Street as both the S&P 500 Index (SPX) and the Dow Jones Industrial Average (DJIA) experienced significant gains. The S&P 500 surged by 1.91% while the Dow Jones increased by 1.43%, reflecting a positive sentiment among investors.
The rise in Exxon Mobil's stock price marked the end of a three-day winning streak for the oil and gas giant, which is still trading $16.41 below its year-high of $120.70 reached on September 28th. Despite this, the company's recent performance has been commendable, especially considering the robust advertisement campaign it has been running.
The trading volume for Exxon Mobil on Tuesday was recorded at 18.2 million shares, falling short of its average by 1.7 million. This lighter trading volume did not seem to hinder the stock's upward movement during the session.
Investors are keeping a close eye on Exxon Mobil's performance as it navigates through market fluctuations and continues to engage with its audience through strategic advertising efforts. The company's stock movement is part of a broader trend in the energy sector and reflects ongoing changes in global energy markets.
Insights
Exxon Mobil Corp. is a notable player in the Oil, Gas & Consumable Fuels industry, with a significant market capitalization of $413.29B USD. The company's stock is known for its low price volatility, making it a potentially stable investment option.
$XOM Quick Short - (QT)Howdy Traders!
In this quick trade (QT), we will look at this short on $XOM. It has came down from the previous $104.50 - $104.80 range, and has used it as a resistance. The move for NYSE:XOM is to come down to the previous largely used support level of $100.50. It might bounce up from this level, or it might just fall right through to the $97 level.
Buena Suerte (Good Luck)!
