Antony_NPBFX
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ExxonMobil Corp.: technical analysis 17.02.2025
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on ExxonMobil Corp. for a better understanding of the current market situation and more efficient trading.
Shares of ExxonMobil Corp., an American oil company, are trading in a corrective trend at 108.00.
On the daily chart, the price could not leave the ascending channel with boundaries of 112.00–106.00, holding slightly above the support line.
On the four-hour chart, the downward movement may continue, as the quotes move below the mid-January high of 112.00, consolidation above is necessary for continued growth to the 120.00 area. Despite the proximity of the extreme, the development of downward dynamics is more likely, as the asset is moving within the Flag pattern, preparing for the start of a wave with the target at 100.00.
Technical indicators are uncertain: fast EMAs on the Alligator indicator are moving slightly above the signal line, and the AO histogram is forming correction bars in the positive zone near the transition level.
Trading tips
Short positions may be opened after the price declines and consolidates below 106.00, with the target at 100.00. Stop loss – 109.00. Implementation period: 7 days or more.
Long positions may be opened after the price grows and consolidates above 111.00, with the target at 118.00. Stop loss is 108.00.
Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast
You can learn more about the current situation and get acquainted with the weekly analytical forecast in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as GBP/USD, EUR/USD, USD/CHF, AUD/USD. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on ExxonMobil Corp. and trade efficiently with NPBFX.
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on ExxonMobil Corp. for a better understanding of the current market situation and more efficient trading.
Shares of ExxonMobil Corp., an American oil company, are trading in a corrective trend at 108.00.
On the daily chart, the price could not leave the ascending channel with boundaries of 112.00–106.00, holding slightly above the support line.
On the four-hour chart, the downward movement may continue, as the quotes move below the mid-January high of 112.00, consolidation above is necessary for continued growth to the 120.00 area. Despite the proximity of the extreme, the development of downward dynamics is more likely, as the asset is moving within the Flag pattern, preparing for the start of a wave with the target at 100.00.
Technical indicators are uncertain: fast EMAs on the Alligator indicator are moving slightly above the signal line, and the AO histogram is forming correction bars in the positive zone near the transition level.
Trading tips
Short positions may be opened after the price declines and consolidates below 106.00, with the target at 100.00. Stop loss – 109.00. Implementation period: 7 days or more.
Long positions may be opened after the price grows and consolidates above 111.00, with the target at 118.00. Stop loss is 108.00.
Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast
You can learn more about the current situation and get acquainted with the weekly analytical forecast in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as GBP/USD, EUR/USD, USD/CHF, AUD/USD. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on ExxonMobil Corp. and trade efficiently with NPBFX.