Exxon Mobil may fall to 101.00 - 103.20

Our pivot point is at 115.5.

Our preference

The downside prevails as long as 115.5 is resistance.

Alternative scenario

The upside breakout of 115.5 would call for 119.2 and 121.4.

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 112.696 and 116.309).

Supports and resistances

121.4 **

119.2 *

115.5 **

114.1

111.74 (USD-last)

105.3

103.2 **

101 *

99 **

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