ExxonMobil Corp.: technical analysis 19.07.2023
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on ExxonMobil Corp. for a better understanding of the current market situation and more efficient trading.
Shares of ExxonMobil Corp., an American oil company, are trading near the level of 100.00 within a local corrective trend.
On the daily chart, the price is moving within a downward corridor with dynamic boundaries of 114.00–93.00.
A downward wave is developing on the four-hour chart, and consolidation below the local low of 100.00 will significantly increase the possibility of further decline, confirmed by the proximity of the asset to 99.00, the low of March 16, which may be broken soon.
Technical indicators reflect a possible continuation of a downward correction: fast EMAs on the Alligator indicator move away from the signal line, and the AO histogram forms correctional bars, falling below the transition level.
Trading tips
Short positions may be opened after the price drops and consolidates below 99.00 with the target at 93.00. Stop loss – 102.00. Implementation period: 7 days or more.
Long positions may be opened after a reversal, growth, and consolidation of the price above 103.00 with the target at 108.00. Stop loss – 100.00.
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You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on ExxonMobil Corp. and trade efficiently with NPBFX.
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on ExxonMobil Corp. for a better understanding of the current market situation and more efficient trading.
Shares of ExxonMobil Corp., an American oil company, are trading near the level of 100.00 within a local corrective trend.
On the daily chart, the price is moving within a downward corridor with dynamic boundaries of 114.00–93.00.
A downward wave is developing on the four-hour chart, and consolidation below the local low of 100.00 will significantly increase the possibility of further decline, confirmed by the proximity of the asset to 99.00, the low of March 16, which may be broken soon.
Technical indicators reflect a possible continuation of a downward correction: fast EMAs on the Alligator indicator move away from the signal line, and the AO histogram forms correctional bars, falling below the transition level.
Trading tips
Short positions may be opened after the price drops and consolidates below 99.00 with the target at 93.00. Stop loss – 102.00. Implementation period: 7 days or more.
Long positions may be opened after a reversal, growth, and consolidation of the price above 103.00 with the target at 108.00. Stop loss – 100.00.
Use more opportunities of the NPBFX analytical portal: analytics
You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on ExxonMobil Corp. and trade efficiently with NPBFX.