Exxon Mobil may fall to 105.60 - 107.40

Our pivot point stands at 117.6.

Our preference

The downside prevails as long as 117.6 is resistance.

Alternative scenario

The upside breakout of 117.6 would call for 120.8 and 122.7.

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 117.1125 and 117.5722). Finally, Exxon Mobil is trading below its lower daily Bollinger band (standing at 113.63).

Supports and resistances

122.7 **

120.8 *

117.6 **

116.3

113.42 (USD-last)

109.3

107.4 **

105.6 *

103.7 **

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