Antony_NPBFX
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ExxonMobil Corp.: technical analysis 20.11.2023
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 in a corrective trend at 105.00.
On the daily chart, the price is near the upper border of the downward corridor 100.00–105.00.
On the four-hour chart, the quotes renewed their low of 102.00, after which they corrected upward but failed to consolidate above the local high of 108.00. The likelihood of continued decline is confirmed by the proximity of the year’s low of 97.00, which may be renewed this week.
Technical indicators are holding a sell signal: fast EMA on the Alligator indicator are moving away from the signal line, and the AO histogram is forming corrective bars below the transition level.
Trading tips
Short positions may be opened after the price declines and consolidates below 102.20 with the target at 97.80. Stop loss – 105.00. Implementation period: 7 days or more.
Long positions may be opened after the price rises and consolidates above 106.80 with the target at 110.70. Stop loss is around 105.00.
Use more opportunities of the NPBFX analytical portal: economic calendar
Be ready for any market changes through global events using the economic calendar on the NPBFX portal. The calendar contains all the most important events of the world economy and prognoses for them. In order to get free and unlimited access to the economic calendar and other useful instruments on the portal, you need to pass a one-time registration on the NPBFX website.
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 in a corrective trend at 105.00.
On the daily chart, the price is near the upper border of the downward corridor 100.00–105.00.
On the four-hour chart, the quotes renewed their low of 102.00, after which they corrected upward but failed to consolidate above the local high of 108.00. The likelihood of continued decline is confirmed by the proximity of the year’s low of 97.00, which may be renewed this week.
Technical indicators are holding a sell signal: fast EMA on the Alligator indicator are moving away from the signal line, and the AO histogram is forming corrective bars below the transition level.
Trading tips
Short positions may be opened after the price declines and consolidates below 102.20 with the target at 97.80. Stop loss – 105.00. Implementation period: 7 days or more.
Long positions may be opened after the price rises and consolidates above 106.80 with the target at 110.70. Stop loss is around 105.00.
Use more opportunities of the NPBFX analytical portal: economic calendar
Be ready for any market changes through global events using the economic calendar on the NPBFX portal. The calendar contains all the most important events of the world economy and prognoses for them. In order to get free and unlimited access to the economic calendar and other useful instruments on the portal, you need to pass a one-time registration on the NPBFX website.
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.