Exxon Mobil may rise to 125.40 - 127.60

Our pivot point is at 114.6.

Our preference

The upside prevails as long as 114.6 is support.

Alternative scenario

The downside breakout of 114.6 would call for 110.7 and 108.5.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 116.793 and 114.4264).

Supports and resistances

129.9 **

127.6 *

125.4 **

123.1

117.86 (USD-last)

116

114.6 **

110.7 *

108.5 **

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