Exxon MobilViés de alta
Exxon
Description: The price is at a significant multiyear resistance/support-level and is forming a cup and handle pattern in the 4h chart which indicates that the market participants are preferring the long scenario
Intermarketanalyses: The fact that we are not only seeing huge spikes in the inflation-data (CPI) which can be explained with the basis-effect but also witnessing wage increases supports the idea that this increase in inflation is not transitory. This makes the idea that we see a further depreciation of the USD more probable. As commodities and the USD are negatively correlated the depreciation of the USD should act as a tailwind for the oil-sector
Entry: 62.30$ (this would end the secondary downtrend of the correction)
Target: ~ 68$
Stop: 58.20$
Stopmanagement: Parabolic SAR 4h chart default settings
Risk/Reward-Ratio: > 1:1
Intermarketanalyses: The fact that we are not only seeing huge spikes in the inflation-data (CPI) which can be explained with the basis-effect but also witnessing wage increases supports the idea that this increase in inflation is not transitory. This makes the idea that we see a further depreciation of the USD more probable. As commodities and the USD are negatively correlated the depreciation of the USD should act as a tailwind for the oil-sector
Entry: 62.30$ (this would end the secondary downtrend of the correction)
Target: ~ 68$
Stop: 58.20$
Stopmanagement: Parabolic SAR 4h chart default settings
Risk/Reward-Ratio: > 1:1
Aviso legal
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