The Final Kibosh

Exxon, may be in the process of a commodity style ‘blow off’ move.

What the chart appears to be telling us, oil (and gasoline) prices are going higher, much higher (not advice, not a recommendation).

That’s at least before they go lower, in a (potential) demand destruction, depression level event.

Exxon XOM, Weekly

If XOM, follows its current trajectory, measured move levels would be reached right about the end of this year (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts, TC2000

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The Danger Point®, trade mark: No. 6,505,279