This morning, leading integrated energy stocks such as Chevron corp (NYSE:CVX) and Exxon Mobil Corp (NYSE:XOM) are coming under early selling pressure. Short term traders can watch for intra-day support on CVX around the $105.20 level. XOM stock will have intra-day support around the $85.00 area. It is important to note that these energy giants remain very strong on the daily chart, therefore, support levels can usually be bought.
Nicholas Santiago
InTheMoneyStocks.com
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InTheMoneyStocks.com is a research and consulting company focused on guiding investors, swing traders and day traders to financial success. Their Chief Market Strategists analyze the markets while making calls on everything from stocks to commodities and currencies. Their goal is to not only guide their subscribers but also teach them their proprietary methods leading them to become investing and trading masters.
Nicholas Santiago
