Exxon (XOM) technical preview for March 24, 2015

XOM shares doing just fine considering how much crude oil price has fallen in the last months. The trend is negative though and price is likely to test support from 2 years ago around $80. A close above last week’s high ($86.37) would change the short-term momentum into positive.

XOM weekly (3 years):

xom

Chart courtesy of http://www.StockCharts.com

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