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

Exxon Mobil Corp. has broken through a resistance line of a Channel Down and suggests a possible movement to 45.77 within the next 2 days. It has tested this line 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 26 days.

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We expect YM to trend downwards right now.

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We expect SI to trend upwards for the next 12 hours.

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