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XOM trade ideas

Technical analysis update: XOM (7th June 2021)Recently RSI and MACD turned back to bullish side. At the same time ADX shows signs of revival. In addition to that oil price keeps rising. We think that XOM will continue its rise above 1st resistance at 62.55 USD. XOM currently provides very interesting setup. Our short term price target for XOM is 62. 50 USD and our medium term price target is 65 USD. Here is setup from 8th May 2021: It is very similar to the current setup. Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
NYSE:XOMLong
by Tradersweekly
XOM ready to go higherCup with Handle. Handle is a falling wedge. You are trading a bullish pattern inside a bullish pattern. On you of that you have triple 4h bullish divergence on MACD on that wedge. And it's super easy to target and manage risk with very tight stop loss around $57.4. Oil is going up and demand will continue to go up this summer and while XOM is usually correlated with oil prices, it has yet to catch up to recent upswings in WTI. I feel like this is a very safe, long term position offering very good technical entry right now and perfect trade setup for a swing trade. Memestocks are pumping this week, but shoft towards commodities and safer bets is a real trend.
NYSE:XOMLong
by Ravich000
1
ExxonDescription: The price is at a significant multiyear resistance/support-level and is forming a cup and handle pattern in the 4h chart which indicates that the market participants are preferring the long scenario Intermarketanalyses: The fact that we are not only seeing huge spikes in the inflation-data (CPI) which can be explained with the basis-effect but also witnessing wage increases supports the idea that this increase in inflation is not transitory. This makes the idea that we see a further depreciation of the USD more probable. As commodities and the USD are negatively correlated the depreciation of the USD should act as a tailwind for the oil-sector Entry: 62.30$ (this would end the secondary downtrend of the correction) Target: ~ 68$ Stop: 58.20$ Stopmanagement: Parabolic SAR 4h chart default settings Risk/Reward-Ratio: > 1:1
NYSE:XOMLong
by Cape-Peninsula-Capital
CUP n HANDLE on $XOM daily TFOn the daily time frame we have a bullish cup n handle. Price is sitting on the 9 EMA, so it isn't over extended, if you look at the RSI you'd see we have a bullish divergence forming, the stochastic moving averages aren't crossed or as erect as id like to see yet, but look to be in position to cross. Price closed a top of the cups handle on the daily down trend, which is also the golden pocket zone if you fib it out, for me this will be my entry zone. Ill be looking for an increase in open interest and volume to confirm trend continuation. Price closed within 5% of its daily high, imo this indicates strong bulls in the market. The IV rank is 10.16%, & The Beta is 1.41%, a jolt of IV is all that's needed here. LMK what yall think of my TA feedback is always welcomed.
NYSE:XOMLong
by don_shula
5/10 XOMThink I posted XOM last week, and I took profit last Friday on my options (more secured in short-term) (1) this is a weekly chart one (2) I see WTI oil will rally up again in mid-to-long timeframe (3) XOM just finished wave 4, aiming higher to wave 5 (66-72) (4) TAKE A LOOK IN DAY CHART, it could either go to my target price next week, if not, we will see a good CUP AND HANDLE entry zone again. (5) IMO, you can also consider uso, gush, oxy and others. oxy vs xom is like all vs dal/luv to me.
NYSE:XOM
by Tom_the_Moon
1