Exxon Mobil may rise to 121.60 - 123.90

Our pivot point stands at 109.6.

Our preference

Short term rebound towards 121.6.

Alternative scenario

The downside breakout of 109.6 would call for 105.8 and 103.6.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the share stands above its 20 day moving average (112.6205) but below its 50 day moving average (115.0996).

Supports and resistances

126.2 **

123.9 *

121.6 **

119.2

113.37 (USD-last)

111.2

109.6 **

105.8 *

103.6 **

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