NYSE:XOM just recently had earnings
I'm looking at swinging puts tomorrow because the Jeanius Algo Suite (Indicator/Screener) gave me multiple sell confluences:
Rose through 2 untested highs (~$104.91), grabbing liquidity
Retested the level that price broke to create a Change of Character (CHOCH)
Tested a downtrend line
Broke and retested an uptrend line
...
Exxon Mobil ( NYSE:XOM ) has emerged from the challenging landscape of 2023 with a commendable financial performance, reporting a robust $36 billion profit for the year. The energy giant's earnings defied industry trends, surpassing estimates and signaling optimism for the future.
Beating Estimates
The beating of estimates is largely attributed to Exxon's (...
Nat gas saw a beautiful bullish reversal candle today.
this likely will yield more upside in the short term.
Even with this reversal, I believe Nat gas still goes lower after we complete this bounce.
Oil stocks showing strength as oil appears to be putting in a bottoming formation.
If oil breaks out, this will be a natural headwind for the market and...
Pretty good calls on the following:
(see our profile for more info)
The US #Dollar maintains its upward trend.
The 10yr #yield is also looking pretty decent.
The 30 Yr bottomed before the others and has been leading #interestrates.
#OIL broke downtrend and has been looking better.
Oil has been creeping up lately. Today it triggered a bullish intraday pattern.
This intraday pattern if completes, sets up for a larger bullish daily chart pattern.
If this breakout in oil happens were going to see some energy stocks make moves liek the Semiconductors did today.
Many names like RIG, XOM, HAL, XLE put in daily bottoming tails.
Some energy...
XOM is at risk of losing support here. There was hope in OIL prices spiking due to the Red Sea crisis, which is affecting shipments of oil tankers. In terms of price action, XOM is at risk of losing support at this yellow support zone. I think we could get some tricky price action with a dip below and a bullish rebound.
The Exxon Mobil Corporation (XOM) is again testing Support 1 (97.85), which is holding since the March 13 2023 Low but on a bearish note as it recently broke below the October 2020 Higher Lows trend-line (was the long-term Support) and remains below the 1W MA50 (blue trend-line) for the 12th week in a row.
This is obviously a long-term analysis on the 1W...
My intention is to dollar-cost average on NYSE:OXY throughout this quarter. I'm aiming to acquire shares of this stock at a maximum price of $61 per share. Anticipating increased tension in the Middle East, especially around the Suez Canal, I foresee a potential disruption in hydrocarbon supply, likely impacting oil prices, whether significantly or...
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...
Exxon 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 early September, we made what turned out to be a pretty accurate call on crude, predicting that $95~ was the target.
CL WTI Crude Oil - Getting In Sync With The Market Makers
In July, after analysis, I predicted that the target for crude in the intermediate term is actually a 3-or-4 handle, based on reading the tea leaves of yearly bars.
Oil - A New...
As you can see here, I drew support and resistance levels based on the weekly chart. But on the daily chart, we are forming a double-bottom pattern. I am looking very bullish on XOM. Now, I am waiting for a strong heikin ashi candlestick with no bottom wick and with substantial amount of volume. Thank you for reading my analysis.
Exxon Mobil got rejected last Friday on the 1D MA200 and after the 1D MA50 rejection the week before, enters a dangerous territory of LL until it forms the bottom. The long term pattern is a Channel Up, who's rebounds and rejections are accuretelly depicted by the Fibonacci levels. Naturall the 1D timeframe is bearish (RSI = 36.689, MACD = 2.316, ADX = 38.647) and...
If you haven`t bought XOM when they made "more money than God" here:
or ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of XOM Exxon Mobil Corporation prior to the earnings report this week,
I would consider purchasing the 110usd strike price Calls with
an expiration date of 2023-10-27,
for a premium of approximately...
