🛢 The rise in oil prices is positive for Exxon shares, as the company has the lowest oil production cost in North America.
📈 Stocks have confidently fixed themselves behind the middle boundary of the Bollinger Bands and are aimed at testing the upper border.
👉 Investment idea: buy limit #Exxon 88.01, take profit 90.22.
📈 Stocks have confidently fixed themselves behind the middle boundary of the Bollinger Bands and are aimed at testing the upper border.
👉 Investment idea: buy limit #Exxon 88.01, take profit 90.22.
Forwarded from Serg Udutov
🛢Дисбаланс спроса и предложения на мировом нефтяном рынке усиливается на фоне сокращения добычи в странах ОПЕК+, что благоприятно для американских нефтяных компаний, у которых есть производственных мощности для роста добычи углеводородов.
📈Акции Exxon послед трехнедельного роста скорректировались к средней границе Bollinger Bands и теперь можно ожидать разворота вверх, и продолжения бычьего тренда. Мы ожидаем закрытия гэпа понедельника и роста котировок к отметке 100.11.
👉 Инвестиционная идея: buy limit #Exxon 96.05, take profit 100.11.
📈Акции Exxon послед трехнедельного роста скорректировались к средней границе Bollinger Bands и теперь можно ожидать разворота вверх, и продолжения бычьего тренда. Мы ожидаем закрытия гэпа понедельника и роста котировок к отметке 100.11.
👉 Инвестиционная идея: buy limit #Exxon 96.05, take profit 100.11.
Forwarded from FreshForex Analytics EN
🛢The imbalance of supply and demand in the global oil market is increasing against the backdrop of production cuts in OPEC+ countries, which is favorable for US oil companies that have the production capacity to increase hydrocarbon production.
📈After a three-week growth, Exxon shares have corrected to the middle border of the Bollinger Bands and now we can expect a reversal upwards and the continuation of the bullish trend. We expect Monday's gap to close and quotes to rise to 100.11.
👉 Investment idea: buy limit #Exxon 96.05, take profit 100.11.
📈After a three-week growth, Exxon shares have corrected to the middle border of the Bollinger Bands and now we can expect a reversal upwards and the continuation of the bullish trend. We expect Monday's gap to close and quotes to rise to 100.11.
👉 Investment idea: buy limit #Exxon 96.05, take profit 100.11.
Forwarded from FreshForex Analytics EN
🛢Exxon Mobil will release 3Q financial results tomorrow - we expect record net income, thanks to high hydrocarbon prices.
👉 Investment idea: buy limit #Exxon 106.37, take profit 108.70.
👉 Investment idea: buy limit #Exxon 106.37, take profit 108.70.
Forwarded from FreshForex Analytics EN
📈The decrease in Exxon quotes to the nearest support level is advisable to use to open Buy positions based on the continuation of the uptrend for two reasons.
1️⃣The OPEC oil cartel records an increase in demand for oil and petroleum products, even despite the coronavirus restrictions in China. In Europe and Asia, a number of countries are using black gold as an alternative to natural gas, since burning oil to generate heat and electricity is now cheaper than buying natural gas, which is again trading above $1,100 per thousand cubic meters. The oil cartel believes that this trend will continue throughout 2023, as there is a shortage of production capacity in the liquefied natural gas market in the world.
The United States plans to start rebuilding its strategic reserve next month, which will also have a positive impact on oil prices.
👉 Investment idea: buy limit #Exxon 105.69, take profit 109.70.
1️⃣The OPEC oil cartel records an increase in demand for oil and petroleum products, even despite the coronavirus restrictions in China. In Europe and Asia, a number of countries are using black gold as an alternative to natural gas, since burning oil to generate heat and electricity is now cheaper than buying natural gas, which is again trading above $1,100 per thousand cubic meters. The oil cartel believes that this trend will continue throughout 2023, as there is a shortage of production capacity in the liquefied natural gas market in the world.
The United States plans to start rebuilding its strategic reserve next month, which will also have a positive impact on oil prices.
👉 Investment idea: buy limit #Exxon 105.69, take profit 109.70.