Exxon dips below $109 continue to attract buyers.Exxon Mobile - 30d expiry - We look to Buy at 108.31 (stop at 105.91)
There is no clear indication that the upward move is coming to an end.
We are trading at overbought extremes.
Levels below 109 continue to attract buyers.
We look to buy dips.
The move has rejected gains and is expected to disappoint buyers.
The hourly chart technicals suggests further downside before the uptrend returns.
This is currently an actively traded stock.
Our profit targets will be 114.32 and 117.32
Resistance: 114.70 / 116.00 / 118.00
Support: 111.00 / 109.50 / 108.00
Disclaimer – Saxo Bank Group.
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