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Exxon Mobil: ⬇️ Sell
– Exxon Mobil reversed from resistance area
– Likely to fall to support level 115.00
Exxon Mobil recently reversed down from the resistance area between the key resistance level 120.00 (which has been reversing the price from March) and the upper daily Bollinger Band.
The downward reversal from the resistance level 120.00 started the active intermediate correction (2).
Given the strength of the resistance level 120.00, Exxon Mobil can be expected to fall to the next support level 115.00 (low of the previous waves (C), 2 and 4).
Source: https://fxpro.news
