EXXON MOBIL Critical crossroads.

Exxon Mobil (XOM) has been trading within a Channel Down since the June 17 2024 Low and just recently on the July 11 2025 High, it made a Lower High pattern similar to November 22 2024.

As long as the price trades below the 1D MA200 (orange trend-line), we expect to start the new Bearish Leg and test at least Support 1 (97.85).

If however it breaks above the 1D MA200 it will invalidate all prior Lower High patterns, and will most likely follow the (blue) Channel Up to break above the Channel Down. In that case, we will be targeting Resistance 1 (120.00).

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