Exxon Mobil (XOM) has been trading within a Channel Down since the June 17 2024 Low and just recently on the July 11 2025 High, it made a Lower High pattern similar to November 22 2024.
As long as the price trades below the 1D MA200 (orange trend-line), we expect to start the new Bearish Leg and test at least Support 1 (97.85).
If however it breaks above the 1D MA200 it will invalidate all prior Lower High patterns, and will most likely follow the (blue) Channel Up to break above the Channel Down. In that case, we will be targeting Resistance 1 (120.00).
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As long as the price trades below the 1D MA200 (orange trend-line), we expect to start the new Bearish Leg and test at least Support 1 (97.85).
If however it breaks above the 1D MA200 it will invalidate all prior Lower High patterns, and will most likely follow the (blue) Channel Up to break above the Channel Down. In that case, we will be targeting Resistance 1 (120.00).
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact [email protected] t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact [email protected] t.me/tradingshot
🔥New service: next X100 crypto GEMS!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.