XOP where is it headed?
I'xe held XOP several years. It's a mid-sized oil and gas company, The daily chart looks as if it's at a critical point judging from the DMI/ADX calculation line. We'll see if XOP can stay above 132 today. The world crises becomes more critical each day if anyone looks under the MSM coverage.
I set the VWAP price projections that all point higher and the volume is increasing now, too.
This morning I listened to the Mav of Wall Street mention that 25-50 bp interest rate deduction could create a short cover rally in oil stocks. It looks to be probable in the day chart here.
Anyone can see that from my chart that I'm not a profressionl trader; I simply enjoy challenging my mind and staying involved in geopolitics, etc. The financial market is inclusive of much that interests me in this crazy world. Good luck to all.
I use the indicators used in this chart to guide my decisions using the daily, weekly, and monthly charts whenever all three are pointing bullish. I wonder where oil and gas are headed long term since ENERGY has become a political football IMO.
I set the VWAP price projections that all point higher and the volume is increasing now, too.
This morning I listened to the Mav of Wall Street mention that 25-50 bp interest rate deduction could create a short cover rally in oil stocks. It looks to be probable in the day chart here.
Anyone can see that from my chart that I'm not a profressionl trader; I simply enjoy challenging my mind and staying involved in geopolitics, etc. The financial market is inclusive of much that interests me in this crazy world. Good luck to all.
I use the indicators used in this chart to guide my decisions using the daily, weekly, and monthly charts whenever all three are pointing bullish. I wonder where oil and gas are headed long term since ENERGY has become a political football IMO.
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