Exxon Mobil may rise to 126.70 - 129.00

Our pivot point is at 115.6.

Our preference

The upside prevails as long as 115.6 is support.

Alternative scenario

Below 115.6, expect 111.7 and 109.4.

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 115.238 and 114.159).

Supports and resistances

131.3 **

129 *

126.7 **

124.4

118.59 (USD-last)

117

115.6 **

111.7 *

109.4 **

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