Oil stocks continue to decline after peaking a while ago. As crude price drops, we expect further downward movement, but the bottom may be approaching. The support for XOM locates between 52-53.
Tag Archives: Xom
XOM
XOM Update
XOM is decling as expected in the last entry. In sipte of latest new high on crude, XOM closed lower than yesterday.
XOM Update
XOM is decling as expected in the last entry. In sipte of latest new high on crude, XOM closed lower than yesterday.
XOM
Like all energy related stocks, XOM is quite extended. This bounce may be a chance to short it. The stop can be placed somewhere above the SMA5.