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XOP - Headed towards the top of a massive wedge. PT $38.50
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SPDR S&P Oil & Gas Explor & Product
(
AMEX:XOP
)
NV_Trader
AMEX:XOP
SPDR S&P Oil & Gas Explor & Product
Fibonacci
Wedge
Supply and Demand
XOP
crude
Crude Oil
crudeoillong
Bullish Patterns
0
0
fibonacci
wedgepattern
supplyanddemand
xop
crude
crudeoil
crudeoillong
bullish
XOP appears to be looking to re-test the top of a massive wedge. Looking for contact around $38.50. Crude prices are providing a massive tailwind, I think we see $60 crude by December and $XOP will follow to the upside.
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