Total Assets
Rate Of Return$Exxon Mobil(XOM.US)
I use XOM as a defensive hedge for my portfolio which is heavy on tech as part of a barbell strategy. And it has been taking a hit as energy prices retreated on the peace deal whilst tech has marched forward.
However, technically, XOM and oil in general are in a three wave pullback right onto support with XOM’s daily 200MA at 135 thereabouts.
No idea what narrative will lead to oil rallying to new highs but price action more often than not leads narratives.
@Bridge Buzz SG
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