ExxonMobil Corporations stock price (XOM) gave up to negative pressures in the intraday levels, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI as the stock managed to vent off oversold saturation.

Therefore we expect more losses for the stock, targeting the support of $105.00, provided the resistance of $114.00 holds on.

Trend Forecast: Bearish