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October 19, 2020 at 03:03PM

• Exxon Mobil falling inside impulse wave (3)

• Likely to fall to 33.20

Exxon Mobil continues to fall inside the intermediate downward impulse (3) – which previously reversed down from the resistance level 36.00 (which also stopped the previous minor correction (iv) in September).

The active impulse wave (3) belongs to the higher-order multi-month downward impulse sequence ⑤ from June.

Exxon Mobil is likely fall further toward the next support level 33.20 – followed by 32.00 (low of the previous impulse wave 1 from the start of October).

Continue Reading…

From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/exxon-mobil-wave-analysis-19-october-2020-20201019/
Selected by fonecable.com

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