Don't Say I Didn't Call It. Cup and Handle Initiated Today on the Daily Chart.

Today was a good entry point to purchase calls. I averaged down my contract price. I will likely buy more at open tomorrow.

The monthly chart looks like we are nearing the completion of a bullish frying pan. I anticipate a run-up tomorrow, and XOM should test resistance and support in the following days before a final run-up on the month before the pattern is subject to a # of externalities we must wait to assess.

This is assuming it doesn't run up tomorrow. I'd be surprised, but I will likely take gains if we reach my target. Otherwise, it will likely play out over this entire week.

My target is $124-$125.

This is not financial advice, just the ravings of a mad man willing to lose his trading gains. Exercise careful judgment.