- Exxon reversed from resistance area
- Likely to fall to support level 110.00
Exxon recently reversed from the resistance area between the strong resistance level 116.60 (former monthly high from June), upper daily Bollinger Band and the resistance trendline of the daily up channel from August.
The downward reversal from this resistance area stopped the (C)-wave of the previous long-term ABC correction 2 from April.
Given the strength of the resistance level 116.60, Exxon can be expected to fall to the next support level 110.00.
- Likely to fall to support level 110.00
Exxon recently reversed from the resistance area between the strong resistance level 116.60 (former monthly high from June), upper daily Bollinger Band and the resistance trendline of the daily up channel from August.
The downward reversal from this resistance area stopped the (C)-wave of the previous long-term ABC correction 2 from April.
Given the strength of the resistance level 116.60, Exxon can be expected to fall to the next support level 110.00.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
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Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.