XOM “Exxon Mobile”…..Ascending Channel…..Oversold RSI

23 Jul

XOM “Exxon Mobile” is approaching support in this ascending channel which it has bounced from twice back to mid June. Also oversold on the RSI on the 1H Chart…..with us receiving GDP data and a few other important economic data reports this week I believe investors may move may began moving some money around and we’ll begin to see some bullish momentum in the energy sector…..let’s see if the bull step in!