ExxonMobil's stock (XOM) tumbled 7.89% in the last session, settling at 84.46, with trading volumes surpassing 45.8 million shares.

The stock is trying to gather momentum to rise anew, as it vents off overbought saturation in the RSI, leaning on the support of the 50-day SMA, amid the dominance of the main upward medium-term trend. 

Oil shares continue to face pressures as Chinese demand tumbles due to a Covid 19 wave, with US crude sliding over 6% to $103.

Therefore we expect the stock to return higher, and target the pivotal resistance of 91.50.

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Expected trend for today: Bullish