XOM is about to retest a key horizontal support level near 101.7200. It has tested this level 5 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
Supports and resistances are primary concepts of technical analysis. XOM is heading for an important price of 101.7200 – read about what this could mean for the future.
