Total Assets
Rate Of Return$Exxon Mobil(XOM.US)
I believe the market is too hopeful on the US Iran resolution. This has led to the FOMO crowd buying into the hot AI sector leading to a very narrow leadership on low volume. On paper it looks impressive. But in reality, it looks like smart money is happily distributing.
The oil charts are showing compression with bullish divergence despite the cheers. However, even if SOH opens, that will not do much to oil price. The resolution has been baked into the price. I am expecting oil prices to go up hence I am adding this as a defensive strategy.
@Bridge Buzz SG
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