23.05.2016 - We are waiting for the signal to sell the Exxon Mobil

Price of Exxon Mobil continues to consolidate near the resistance level at 90.00 and in case of overcoming this level and fixation above it we expect continued upward momentum with of price targets at 97.00 and 100.00. On the other hand, the more likely is the breaking through the local rising channel’s lower limit, after which quotations may fall to 86.00 and 82.50. We forecast a drop in the near future, by 7-9%.

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