XOM is heading towards a line of 118.8200. If this movement continues, the price of XOM could test 118.8200 within the next 9 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.
Supports and resistances are primary concepts of technical analysis. XOM is heading for an important price of 118.8200 – read about what this could mean for the future.
