Exxon Mobil Corporation (NYSE:XOM) is likely signaling a near term bounce based off very simple signals. First, take note that crude oil is down sharply again today, trading at $43.31, -1.39 (-3.11%). This is the second day in a row that oil is down over 3%. Now compare that to the price action on Exxon Mobil. Yesterday, Exxon fell early only to recover, barely negative on the day. Today, Exxon is trading at $86.35, -0.79 (-0.91%). While oil is trading sharply lower, taking out yesterday's lows but a substantial margin, Exxon Mobil is barely lower, and not below yesterday's lows. This is a positive divergence in Exxon and tells us that big money is starting to accumulate the stock. I am going with big money and buying in this range.

By Jenny Rebekka