Exxon’s pullback

14 january 2022 133
Maria_Yudina
Maria_Yudina

Listed among the best MarketCheese authors
2nd in the segment "US stocks"
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As with other oil stocks, Exxon stock rises and falls with crude oil prices. XOM price rapidly broke out of the downtrend at the beginning of the current year due to rising oil prices. Now XOM is starting to correct, the RSI is in the overbought zone, and decline to close the gaps at 69 and 66 with support of the 14-day moving average is possible.

Maria_Yudina
Maria_Yudina

Listed among the best MarketCheese authors
2nd in the segment "US stocks"
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