Checking Back In On Crude Oil and Exxon

By | March 9, 2017

WTIC ($WTIC) took out the neckline of the inverse head and shoulders pattern on the weekly chart but has held for the moment in the small support area just above its 40 week (200 day) moving average.

1000149924.WTIC

1000149923.XOM

Exxon Mobil (XOM) penetrated the $81.00 area but reversed intraday and closed near its high, forming a large white candle that successfully tested key support…for the moment. The question is which is the lagging indication?

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