ExxonMobil recently broke below the powerful multi-year round support level 56.30 (which reversed the price in the middle of 2010 as can be seen from the monthly ExxonMobil chart below).
The breakout of the support level 56.30 (which is aligned with the strong multi-year downtrend) accelerated the active monthly impulse waves 3 and (3).
ExxonMobil is likely to fall further toward the next support level 48.00 (the target for the completion of the active impulse wave 3).
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURJPY reversed from support zone - Likely to rise to resistance level 0.8625 EURGBP…
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
This website uses cookies