Reallifetrading

XOM bear call spread

Short
NYSE:XOM   Exxon Mobil
XOM looking bearish. Breaking a strong support level of $75. One could do the bearish swing of 71.49 x 76.35 but R:R is large and you'll need a target of $57 to make that a good R:R. If XOM pulls back around $75, one could consider shorting again.

Thanks for helping us Enrich Lives!
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.