ExxonMobil gives in to negative pressure - Analysis - 06-12-2018

ExxonMobil's stock slid 2.20% in the last session, or 1.79 points, after touching the resistance of the 50-day SMA, coinciding with testing the downward short-term trend line, as the RSI reached overbought levels compared to the stock's movements. 

Therefore we expect more losses for the stock, targeting the support of 76.51, as long as the resistance of 80.86 holds on. 

Expected trend for today: Bearish