Exxon Technical Preview: Trend Is Negative

 | Mar 24, 2015 12:42AM ET

Exxon Mobil Corporation (NYSE:XOM) shares doing just fine considering how much crude oil price has fallen in the last months. The trend is negative though and price is likely to test support from 2 years ago around $80. A close above last week’s high ($86.37) would change the short-term momentum into positive.

XOM weekly (3 years):