XOM - "Oh the engine's gone dead," cried the men who work there

Once the trendline breaks (and I think very soon) we should come back to retest it and then head down to the 70 dollar area by end of summer. This would create the potential for a larger head and shoulders pattern to play out into 2023.

Commento:

Oil bear flag broke, stops taken out

Commento:

Breach of trendline, expect a retest next week. Any test of that line is an objective short.

Commento:

on it's way

Commento:

backtest looks complete, 70 target still looks correct