CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Exxon stock rose 4% on dividend promise

19:01 4 March 2021

Exxon (XOM.US) stock jumped more than 4% after its CEO Darren Woods reiterated the company’s commitment to its dividend. “We’re going to continue to return cash to shareholders through a very strong dividend,” Woods told CNBC today. He noted that 2020 was “certainly the worst environment” that Exxon has ever faced.  The company lost more than $20 billion last year as oil prices plunged. The company’s current yield of 6.2% is among the highest in the S&P 500, making it an attractive bet for income-seeking investors. The stock is also benefiting from rising oil prices as OPEC and most of its oil-producing allies decided to maintain production output.

Exxon (XOM.US) stock has been trading in a tight ascending channel recently. If buyers will manage to uphold momentum and break above the upper limit of this formation, then the way towards the next major resistance at $67.60 will be left open. On the other hand, once sellers regain control, the support at $55.25 may be at risk. Source: xStation5

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