For several weeks now I have thought that the energy stocks would make a short term top and trade lower. Much of this was discussed in my article "Taking a Look at the Energy Drillers".
With that in mind, I believe Exxon should see a retest of the lower longer term trendline at the bottom. Yes I still own Exxon, but I did sell some of my shares around the 89 level. I plan to pick up around 10 shares at this lower trendline at 85. Also note that the daily momentum has crossed to the downside.