Drop in XOM

6 week consolidation followed by a downtrend confirmation supported by a MACD crossover suggests a further 9.28% drop by Dec 17. Bought Dec Puts.
RSI indicates there is still selling pressure and the 30 day MA has turned downward.
Bearish PatternsbeartrendChart PatternsTechnical IndicatorsoptionsS&P 500 (SPX500)StocksTrend AnalysisXOM

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