24.08.2016 - We predict continued decline of Exxon Mobil price

Price of Exxon Mobil continued to consolidate below 88.85 and in case of its overcoming can return to resistance levels at 92.00 and 95.00. A more likely scenario according to our estimates will be continued decline and a signal to sell with the objectives at 80,00 and 76,00 will be fixation lower than 85.50. Our medium-term outlook remains negative and we expect a strong price movement after the current consolidation.

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