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Tagged $XOM
Oil Stocks Back Testing The Line In The Sand (PREMIUM)
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Oil Stocks Still Treading 30-Year ‘Line In The Sand’
A key index of oil stocks continues to hold above its reclaimed 30-year old Up trendline; however, it’s been unable to mount any bounce off…
Exxon Mobil Stock Testing Epic Broken Trendline
Exxon Mobil is testing the underside of its 30-year Up trendline, which it broke one year ago. Since we started our Chart Of The Day…
A Peculiar Large Cap Top?
An index of the largest stocks in the market just formed an apparent triple top – but is it a legitimate concern? One topic on…
Is The Oil Rally Getting Clogged Up?
Crude oil prices may be hitting the most significant level of resistance since launching their rally in February. In a year of interesting market moves,…
Big Test For Oil Stock Rally
Oil stocks are at a seemingly “must-hold” level within their long-term reversal attempt. If there is one sector that best symbolizes the prospects of the post-February…
Have Oil Stocks Recovered Their “Line In The Sand”?
A key index of oil stocks has moved back above its (temporarily broken) 30-year up trendline…for now. “If the XOI can reclaim that broken trendline,…
Calmer Days Ahead For Oil Prices?
The Oil Volatility Index convincingly broke below its post-2014 Up trendline today; that could mean less volatility ahead for oil prices. Volatility indexes have become…
The Line In The (Oil) Sand
The current test of a 30-year trendline could determine whether or not the bounce in oil stocks is sustainable. What do all the inquiring minds…