Exxon Mobil may rise to 125.30 - 127.30

Our pivot point stands at 115.6.

Our preference

As long as 115.6 is support look for 125.3.

Alternative scenario

Below 115.6, expect 112.5 and 110.6.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 118.2625 and 116.928).

Supports and resistances

129.1 **

127.3 *

125.3 **

123.5

119.64 (USD-last)

116.8

115.6 **

112.5 *

110.6 **

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