Sir Highroller / XOM
Sir HR,
I’ve never owned XOM, but looks like the 80s is a time to enter a small position.
That was a decent 20%+ pullback from the recent high of 105.57
And it bounced well from the 82-83 region.
And, how about Baytex? That also had a significant bounce from the mid 4s region. Earlier thread here: https://goldtadise.com/?p=541911
Please advise.
Thanks,
GL
Weekly XLE I am looking at an ABC move down to the 50ma. Same for the oil, oil stocks went into mania phase and some tree shaking has to happen. Guppy ribbon flipped also on the oil . CCI on oil has no buy me signal either at the moment. Global slowdown reality setting in and the peeps stay home and can only afford food today. Flying sucks so refiners can catch up a bit on Gasolina.
https://www.tradingview.com/x/imb6Ah1z/
https://www.tradingview.com/x/eWutvFM4/
Moscow gold has flipped +, Might be currency related as the ruble looking tired and rumour is it has gotten too strong so perhaps some currency trickery ahead, https://www.tradingview.com/x/uxrPRutn/