Oil & Oil Names

Oil…is putting in an ORL day. Sustaining below 94.85 ish will put Oil into retrace mode from the $78 June low.
XLE…shows that a break into the mid 69’s is possible.
XOM…86.33 is the 50 day mvg avg, support the first time down. Closing much below this level will lead to a test of the 200 day @ 84.36

 

 

 

 

 

 

 

 

OXY…even though we’re seeing an ORL day, 82.30 ish will be a support zone matching yearly fibs and long term mvg avg’s.

 

 

 

 

 

 

 

 

 


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