Exxon Mobil may fall to 105.20 - 107.20

Our pivot point stands at 116.8.

Our preference

The downside prevails as long as 116.8 is resistance.

Alternative scenario

Above 116.8, look for 120 and 122.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 116.5395 and 117.6886).

Supports and resistances

122 **

120 *

116.8 **

115.4

113.99 (USD-last)

109.1

107.2 **

105.2 *

103.2 **

Number of asterisks represents the strength of support and resistance levels.