Exxon Mobil may fall to 105.60 - 107.60

Our pivot point is at 118.4.

Our preference

Target 107.6.

Alternative scenario

Above 118.4, look for 121.8 and 123.8.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is below its 20 day moving average (115.8135) but above its 50 day moving average (114.104).

Supports and resistances

123.8 **

121.8 *

118.4 **

117

114.16 (USD-last)

109.5

107.6 **

105.6 *

103.5 **

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