Rotuma

XOM Technical Analysis

Long
NYSE:XOM   Exxon Mobil
1. We could be looking at the bottom of the price pullback which started at the beginning of Feb 2018 after share prices managed to bounce at the bottom of the two-hour price chart
2. Recently we saw prices fell twice below the price channel but managed to get back and hold within the two hourly price channel.
3. In the last trading session, we saw 2x2 hourly price candles open and closed above 77.00 a critical resistance price point
4. The next resistance is at around 78.71

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