CoopsCharting
Short

XOM - Bearish

NYSE:XOM   EXXON MOBIL CORP
21 0 0
Monthly candle chart...

MA Cross (9 month, 21 month) is about to make a cross. So unless there is an immediate reversal of the price trend, then we will have a bearish cross. This indicator has been historically extremely accurate when determining further downside.

The large ascending wedge pattern ( bearish ) had a bearish breakdown a while ago.

Monthly TSI crossed recently and is actually close to going negative.

Before this is over, I suspect we see 75-81.
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