{"id":148544,"date":"2019-05-28T10:45:22","date_gmt":"2019-05-28T14:45:22","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=148544"},"modified":"2019-05-28T07:02:50","modified_gmt":"2019-05-28T11:02:50","slug":"xom-brent-exxon-mobil-brent-oil-processing-profit-margins-may-increase","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/05\/xom-brent-exxon-mobil-brent-oil-processing-profit-margins-may-increase\/","title":{"rendered":"XOM\/BRENT (Exxon Mobil \/Brent): Oil processing profit margins may increase"},"content":{"rendered":"<div id=\"inves-2530025207\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">May 28, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">IFCMarkets<\/a><\/strong><\/p>\n<p><strong>Oil processing profit margins may increase<\/strong><\/p>\n<blockquote><p>We propose to consider the personal composite instrument (PCI) XOM_Brent in this analysis. It reflects the price dynamics of stocks of Exxon Mobil Corporation oil company against deliverable Brent futures. Will the <a href=\"https:\/\/www.ifcmarkets.com\/en\/trading-conditions\/personal-instrument-pci\/xom-brent\"> XOM_Brent price<\/a> increase?<\/p><\/blockquote>\n<p>An Increase in the PCI means Exxon Mobil stocks are rising faster than those of the crude oil. The first quarter earnings report of the company was weak despite a 2.4% increase in oil output. The company noted margin decline in chemical and oil processing sectors. The company recorded a quarterly loss in oil processing for the first time in 10 years. Theoretically, declining crude oil prices may raise the profit margin. A fall in global oil demand against the backdrop of US-Sino trade war and slowing global growth are main downside risks for Brent.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/www.ifcmarkets.com\/uploads\/images\/27-05-2019.png\" alt=\"LHOG\" width=\"660px\" \/><\/p>\n<p class=\"emailSummary\">In the daily timeframe <b>XOM_Brent: D1<\/b> has breached the resistance line of the downtrend. Some technical analysis indicators have formed signals for movement up. Further price increase is possible in case of improvement in Exxon Mobil financial indicators and stagnation in global oil market.<\/p>\n<ul class=\"ul-tick\">\n<li><b> Parabolic indicator <\/b> gives a bullish signal.<\/li>\n<li><a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/bolinger-bands\">Bollinger lines <\/a> have expanded, attesting to increasing volatility. Both Bollinger lines are tilted up.<\/li>\n<li><a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/rsi\"> RSI indicator <\/a> is below level 50. It has formed a bullish divergence.<\/li>\n<li><a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\"> MACD indicator <\/a> gives a bullish signal.<\/li>\n<\/ul>\n<p>A bullish momentum may develop in case <b>XOM_Brent<\/b> exceeds the last fractal high: 0.498. This level may serve as an entry point. The initial stop loss may be placed below the last fractal low, the Parabolic signal: 0.468. 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 a stop loss moving it in the direction of the trade. If the price meets the stop level (0.468) without reaching the order (0.498), we recommend to cancel the order: the market sustains internal changes that were not taken into account.<\/p>\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 0.498<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">Below 0.468<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">IFCMarkets<\/a><\/p><div id=\"inves-3418375529\" 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","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Oil processing profit margins may increase We propose to consider the personal composite instrument (PCI) XOM_Brent in this analysis. It reflects the price dynamics of stocks of Exxon Mobil Corporation oil company against deliverable Brent futures. Will the XOM_Brent price increase? An Increase in the PCI means Exxon Mobil stocks are rising faster [&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-148544","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148544","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=148544"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148544\/revisions"}],"predecessor-version":[{"id":148549,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148544\/revisions\/148549"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=148544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=148544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=148544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}