27.07.2015 - We expect the price decline of Exxon Mobil

The price of Exxon Mobil continued to decline within the local descending channel after fixed below the level of 83.15. As a result, quotations reached the psychologically important 80.00 level and at the moment can rebound upwards to 82.0 and the upper limit of the downward channel. According to our estimates, the price decline will continue in the near future to 77.20 and 75.00. We also expect a decline in the medium term.

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