XOM is on a Slippery Slope

NYSE:XOM   Exxon Mobil
XOM near ATH. With Bearish Divergence on the Monthly, I’m expecting a break out and rejection. Once the shooting star candle forms on the weekly, enter below the close with a 5M time horizon. I’m eyeing the 105P or 100P for September. Judging by Volume and Open Interest, I’m expecting a large move down in conjunction of an economic event.

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