Browse Symbol Stacks: XOP: slopechart_XOP.jpg

XOP would appear bullish, were it not for the formation of a bearish rising wedge, coupled with a good level of resistance directly overhead, which resistance level falls short of a previous high in Jan 2021, which level falls short of a high in Apr 2019, which falls short of one in Oct 2018, which altogether points to XOP being prone to the downside.