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.
This content is for informational purposes only and is not intended to be investing advice.
