XOM currently piques my interest, particularly with oil prices potentially stabilizing or rising further. Recent geopolitical developments and policy shifts under Trump’s administration—such as rolling back Biden-era energy regulations, reducing methane fees, and easing LNG export permits—could significantly influence the energy landscape.My intuition suggests Trump’s "Mar-a-Lago Accord" might involve major global economies reducing holdings of US dollar assets, swapping short-term treasuries for century bonds. Such currency shifts and reduced drilling activity could lead to a tighter oil supply, benefiting prices. Additionally, a weakening US dollar could positively impact technology stocks, as investors rotate towards sectors less affected by traditional commodities.
Technical Analysis (Daily & Hourly Chart)
Current Price: Approximately $103.00
Key Resistance Levels:
Key Support Levels:
Trading Scenarios
Bullish Scenario (Continued oil strength & supportive policy shifts):
Entry Trigger: Sustained breakout and close above immediate resistance at $103.93.
Profit Targets:
Bearish Scenario (Oil price weakness or production surge):
Profit Targets:
Thought Process & Final Thoughts
Given the current geopolitical and regulatory environment, XOM appears poised for potential upside if oil prices remain strong and policy shifts materialize. However, caution is warranted, as oil companies seem hesitant to increase production due to profitability concerns. Clearly defined technical levels will help navigate trade entries and exits effectively around these evolving macroeconomic conditions.
Earnings Date: May 2nd—Keep positions nimble as earnings can significantly impact short-term volatility.
💥 Boombussin | Riding the cycle of profits, pain, and progress.
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💥 Boombussin | Riding the cycle of profits, pain, and progress.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。