$BP seems to have completed my favorite structure – an Ending Diagonal. Target area for retrace: $19-14 or 45-60% off the recent top. Note that falling to $9 would not be a huge surprise given the current wave structure in blue.
Having this and the most recent developments in #oil in mind, one might be interested in the perspectives for $XOM.
Exxon Mobile Mid Term Forecast – premium content.
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