Barclays is warning investors to brace for another middling quarter of earnings among the biggest energy names. The firm tabs Exxon (XOM), where a heavy schedule of planned and unplanned outages have resulted in a ~$400M opportunity cost loss, and Alon USA Energy (ALJ), hit by unplanned repairs at its Krotz Springs, La., refinery, as the biggest downside surprises.
Exxon Mobile Trading strategy:
Light, Sweet Crude Oil Futures
Our preference: LONG positions
Support Levels: 104.15-103.8-103.45
Resistance Levels: 106.4-105.3-104.95
Buy Limit 102.3 Stop 100.9 Target 109
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