ExxonMobil deepens losses - Analysis - 23-06-2017

ExxonMobil's stock (XOM) fell anew in the intraday levels, registering a loss of 0.44% in the last session, or 0.36 points, amid negative pressure from the 50-day SMA, while trading within a descending price channel in the short term, with negative signals from relative power indicators. 

Therefore we expect more losses for the stock, targeting the important support of 80.31.