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Big movement expected on Exxon Mobil Corp. after a breach of 63.01

Exxon Mobil Corp. has broken through a line of 63.01 and suggests a possible movement to 62.14 within the next 16 hours. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 2 days.

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