Exxon Mobil may rise to 124.90 - 127.20

Our pivot point stands at 111.6.

Our preference

The upside prevails as long as 111.6 is support.

Alternative scenario

The downside breakout of 111.6 would call for 107.9 and 105.6.

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 114.6865 and 114.2304).

Supports and resistances

129.5 **

127.2 *

124.9 **

122.6

117.43 (USD-last)

113.1

111.6 **

107.9 *

105.6 **

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