Exxon Mobil may rise to 132.00 - 135.00

Our pivot point is at 117.1.

Our preference

The upside prevails as long as 117.1 is support.

Alternative scenario

The downside breakout of 117.1 would call for 112.2 and 109.3.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 115.118 and 116.1532). Finally, Exxon Mobil is trading above its upper Bollinger band (standing at 122.1).

Supports and resistances

138 **

135 *

132 **

129.1

122.58 (USD-last)

119

117.1 **

112.2 *

109.3 **

Number of asterisks represents the strength of support and resistance levels.