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XOM – approaching a support line that has been previously tested at least twice in the past

XOM is approaching the support line of a Channel Down. It has touched this line numerous times in the last 17 days. If it tests this line again, it should do so in the next 11 hours.

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Supports and resistances are primary concepts of technical analysis. Nikkei 225 is heading for an important price of 37699.0000 – read about what this could mean for the future.

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