XOM Update

There are some gains in the XOM Nov. $85 calls and because I believe there will be a pullback (along the lines of crude), I thought about taking them and re-establishing the position later, I decided to just wait it out. Here are the charts that matter.

 XOM 3 min positive divergence to a recent negative, but this looks to be a pullback only...

The 15 min chart shows a much larger base than the current intraday negative so any pullback should be accumulated and act as a extended part of the base.

The 60 min chart is very similar to what we expect from oil/USO, I think a move above the top of the parallelogram is very possible so I'll stick it out with these calls.