01.12.2014 - Exxon Mobil will continue to decline in the medium term

The stock price of the company Exxon Mobil declined sharply in the last trading session and approached the psychologically important level of support 90.00. It is worth noting that the price broke the lower boundary of the rising channel and continues to decline. Fixing the price below 90.00 will confirm the sell signal with the objectives of 85.00, 70.00 and 64.00. Stop in this case should be set above the local maximum 97.00. We forecast a drop in prices in the medium term.

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