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Exxon Mobil rallied in March and early April. Now, after a pullback, some traders may expect further upside. The first pattern on today’s chart is the falling trendline along last month’s highs. The energy giant closed above it on Friday, which could be considered ......
Energy stocks have led the market this year, and now they've pulled back. The S&P Select Energy SPDR fund (XLE) jumped to $98.97 last Friday -- the highest level in almost a decade. It pulled back this week and touched $93.73 before bouncing. That was just $0.04...
Exxon Mobil has steadily advanced for more than a year, and its current pullback may interest trend followers. The first pattern on today’s chart is $104.76, XOM’s previous all-time high from 2014. Notice how this level was ... For more,...
Energy stocks are the only positive sector in 2022, but they're ending the year under a cloud of negativity. Crude oil futures (@CL) have fallen 13 percent so far in December, putting them on pace for their biggest drop in over a year. They're down in six of the last...
Editor's note: This article was originally published on January 22, 2020. Energy may be resuming its downtrend as one bearish story after another piles up. Crude oil futures (@CL) are down for the third straight week. That's the longest losing streak since they last...
After months of relative quiet, energy stocks are back in focus with a triple dose of bullish news. The sector began the week rallying on reports that OPEC+ would lower output by 1 million barrels per day. The cartel then did the unexpected by cutting 2 million...
Exxon Mobil has been drifting since the late spring along with other energy stocks. But now it’s trying to do something it hasn’t done all year. The main pattern on today’s chart is the 200-day moving average, one of the most basic measures of long-term support. XOM...
Energy stocks have dominated the market this year, but now the biggest of the bunch is showing signs of weakness: Exxon Mobil. The first pattern on today’s chart is the jump following strong quarterly results on July 29. While that may have been impressive, it soon...
Stocks just had their biggest rally in over a year as a broad cloud of bearishness began to lift, despite an increasingly hawkish Federal Reserve. The S&P 500 rose 6.2 percent between Friday, March, 11, and Friday, March 18. The Nasdaq-100 jumped 8.4 and the Dow...