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.
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Oil bear flag broke, stops taken out
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Breach of trendline, expect a retest next week. Any test of that line is an objective short.
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on it's way
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backtest looks complete, 70 target still looks correct
