Exxon Mobil may fall to 100.80 - 102.70

Our pivot point is at 112.9.

Our preference

The downside prevails as long as 112.9 is resistance.

Alternative scenario

The upside breakout of 112.9 would call for 116.2 and 118.1.

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 share stands below its 20 and 50 day moving average (respectively at 114.03 and 116.9814).

Supports and resistances

118.1 **

116.2 *

112.9 **

111.5

109.11 (USD-last)

104.7

102.7 **

100.8 *

98.7 **

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