Confluence of ideas for Exxon

12 May 2021

The double bottom path is in green. You can see the measured move would put price at 80. You can also see each impulse leg the last two times have been almost equal. So the next one would put it around 72 along with a median line from a pitchfork. Plus its spring/summer time. Time when everyone goes on vaction and needs gas to get there. time for price to rise.