Exxon Mobil may rise to 131.70 - 134.70

Our pivot point stands at 116.8.

Our preference

The upside prevails as long as 116.8 is support.

Alternative scenario

Below 116.8, expect 111.9 and 108.8.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 117.425 and 116.6592).

Supports and resistances

137.7 **

134.7 *

131.7 **

128.6

122.09 (USD-last)

118.9

116.8 **

111.9 *

108.8 **

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