Points to watch: Exxon has been trending down
since 12/21. The stock has fallen below its 21 day moving average (71.96), 55 day
moving average (72.7), and 200 day moving average (71.36), and Gann angle support at
72.75. Weekly RSI showed a strong negative divergence with price at the November peak.
Weekly MACD, weekly and daily OBV, and weekly and daily stochastics are in
downtrends. Stock has been in a trading range from 69.5-77 since October. Strong support
exists at 69.68 (the 50% retracement of its September-November rally). Short or sell
on a break below support at 69.68.