It’s time to re-analyze the Exxon Mobil (XOM) stock charts. Previously, I had written about how I thought oil prices were going to be “lower for longer”. With those “lower for longer” oil prices, I anticipated a longer-term pullback for Exxon Mobil’s (XOM) share price. My previous article can be accessed quickly here “2/25/2017 – […]
Stock articles, charts and technical analysis updates for Exxon Mobil, ticker symbol XOM.
In my last update for oil giant Exxon Mobil (XOM), I discussed my theory on why I thought oil prices were going to be “lower for longer”. That article can be accessed here: “2/25/2017 – Exxon Mobil (XOM) & Lower for Longer” In that previous update, I identified a pivot line around the $78 price […]
“Lower for longer”….that has been the oil mantra that has been in place ever since the “black gold, Texas tea” liquid was under the $30 per barrel mark. Sorry for the Beverly Hillbilly’s reference, but I just couldn’t help myself. Since then oil has rebounded, almost doubling off its lows. But is oil at above […]