{"id":126756,"date":"2018-05-16T09:44:20","date_gmt":"2018-05-16T13:44:20","guid":{"rendered":"http:\/\/countingpips.com\/?p=126756"},"modified":"2018-06-01T15:39:46","modified_gmt":"2018-06-01T15:39:46","slug":"xom-brent-analysis-exxon-mobil-expects-a-further-increase-in-its-earnings","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/05\/xom-brent-analysis-exxon-mobil-expects-a-further-increase-in-its-earnings\/","title":{"rendered":"XOM\/BRENT Analysis &#8211; Exxon Mobil expects a further increase in its earnings"},"content":{"rendered":"<div id=\"inves-547938469\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">May 16, 2018<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p>\n<p><strong>Exxon Mobil expects a further increase in its earnings<\/strong><\/p>\n<p>In this review, we suggest considering the personal composite instrument (PCI) XOM_Brent. It reflects the price dynamics of stocks of the American oil company Exxon Mobil Corporation against a physically delivered Brent crude oil futures contract. Will <a href=\"https:\/\/www.ifcmarkets.com\/en\/trading-conditions\/personal-instrument-pci\/xom-brent\">XOM_Brent prices<\/a> rise?<\/p>\n<p>The growth of this PCI means that stock prices of the oil company Exxon Mobil rise faster than oil prices. This may happen amid good financial results. Last year, the net profit of Exxon Mobil increased almost 2.5 times and amounted to $19.7 billion. The revenue increased by 18% to $ 237 billion. In the 1st quarter of 2018, the increase in net profit and revenue was 16% compared to the same period of 2017. The company plans to increase its net profit 2.4 times by 2025. It is suggested that this will happen due to an increase in the production of shale oil in the Permian field, an increase in exports of liquefied natural gas, high world oil prices, and due to the tax reform of US President Donald Trump. This forecast was made by the company based on the average oil price for 2017. For Brent, it was nearly $54.6 per barrel, which is much lower than the current prices. Higher world oil prices may improve the financial performance of Exxon Mobil and contribute to the growth of this PCI.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/ifccd.net\/uploads\/image\/15-05-2018.png\" alt=\"XOM_Brent\" width=\"660px\" \/><\/p>\n<p class=\"emailSummary\">On the daily timeframe, <b>XOM_Brent: D1<\/b> is in a downtrend. The price decrease has slowed down and technical analysis indicators have formed bullish signals. Before opening a buy position, it is necessary to breach above the resistance line of the downtrend. The further price increase is possible in case of an increase in stock prices of Exxon Mobil amid steadily high world oil prices.<\/p>\n<ul class=\"emailSummary\">\n<li>The <b>Parabolic indicator<\/b> gives a bullish signal.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/bolinger-bands\">Bollinger bands<\/a> have narrowed, which indicates low volatility.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/rsi\">RSI indicator <\/a> is near 50. It has formed a positive divergence.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\">MACD indicator<\/a> gives a bullish signal.<\/li>\n<\/ul>\n<p>The bullish momentum may develop in case <b>XOM_Brent<\/b> exceeds the last fractal high and the upper Bollinger band at 0.492. This level may serve as an entry point. The initial stop loss may be placed below the last fractal low, the minimum since October 2014, the lower Bollinger band and the Parabolic signal at 0.45. After opening the pending order, we shall move the stop to the next fractal low following the Bollinger and Parabolic signals. Thus, we are changing the potential profit\/loss to the breakeven point. More risk-averse traders may switch to the 4-hour chart after the trade and place there a stop loss moving it in the direction of the trade. If the price meets the stop level at 0.45 without reaching the order at 0.492, we recommend to close the position: the market sustains internal changes that were not taken into account.<\/p><div id=\"inves-3254143853\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<h2 class=\"emailSummary\" style=\"margin-top: 15px !important;\">Summary of technical analysis<\/h2>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"top\">Buy<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Buy stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">Above 0.492<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">Below 0.45<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Exxon Mobil expects a further increase in its earnings In this review, we suggest considering the personal composite instrument (PCI) XOM_Brent. It reflects the price dynamics of stocks of the American oil company Exxon Mobil Corporation against a physically delivered Brent crude oil futures contract. Will XOM_Brent prices rise? The growth of this [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-126756","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/126756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=126756"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/126756\/revisions"}],"predecessor-version":[{"id":126773,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/126756\/revisions\/126773"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=126756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=126756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=126756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}