Exxon Mobil may rise to 128.40 - 130.90

Our pivot point is at 116.1.

Our preference

As long as 116.1 is support look for 128.4.

Alternative scenario

Below 116.1, expect 111.9 and 109.4.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading under its 20 day moving average (120.8725) but above its 50 day moving average (117.5116).

Supports and resistances

133.4 **

130.9 *

128.4 **

125.8

120.27 (USD-last)

117.7

116.1 **

111.9 *

109.4 **

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