Energy under pressure — week 7
Exxon Mobil: technical bounce, but distribution continues
Energy under pressure — week 7
In Summary
Exxon Mobil is at week 7 of a sell signal. This week closed with a 3.2% bounce, following the prior week's -6.2% drop. Buyers stepped back in partially, but flows remain in distribution and momentum continues to deteriorate. The technical picture shows no structural reversal signal yet.
Ongoing decline
·7th week from start
·US stocks
·T2
IQS Phase
77
in tension
Signal Strength
26
indecisive week
Sizing
MINIMUM
Ranking
#22 / 96
US stocks
Trade P&L %
-2.38%
from signal to today
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