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Today’s instrument is Exxon Mobil, a high dividend-yield oil company traded in NYSE Exchange under the ticker XOM. 

Looking at the XOM’s chart, we can see that it was lastly traded at $105.69. In two days, on the 28th of July, it is announcing its quarterly earnings and if the market’s anticipation is positive, then it should rise towards its resistance level which is located at around $108.50. On the other hand, it could fall to test its support level at around $100. 

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