Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
ExxonMobil's stock (XOM) fell in the intraday levels, recording a loss of 0.24% in the last session, or 0.20 points, and hitting an intraday low at 80.83, bouncing off it higher and paring the losses, while trading withing a tight sideways range, trapped between the support of 80.30, and the resistance of 83.87, as the stock gets buoyed by exiting a positive pattern that formed recently, the Falling Wedge pattern.
Therefore we expect more gains for the stock, targeting the resistance of 83.87.