Exxon Mobil may rise to 127.20 - 129.70

114.1 is our pivot point.

Our preference

As long as 114.1 is support look for 127.2.

Alternative scenario

Below 114.1, expect 109.8 and 107.3.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 117.049 and 115.3876).

Supports and resistances

132.3 **

129.7 *

127.2 **

124.5

117.68 (USD-last)

115.8

114.1 **

109.8 *

107.3 **

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