Exxon Mobil

XOM & OIL price correlation study

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Above chart: XOM price YTD
Middle Chart: USOIL price YTD
Lower chart: XOM/USOIL regression channel
Clearly, we can see this Model generate good buy signals while fails to show shorts!
Educational Article:
investopedia.com/articles/trading/09/linear-regression-time-price.asp

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