Exxon Mobil shares have recently climbed to a new all-time high, but then came under increasing downward pressure. We currently see price in a subordinate interim correction that still has some room to move lower in the near term. Once the associated low is in place, the ongoing larger upward impulse should resume, and we expect the stock to reach new all-time highs above resistance at $176.41. Alternatively, XOM could drop directly (without setting new highs) below support at $120.81. This would suggest that the high of the broader impulse move is already in and the stock has entered the larger correction phase (probability: 34%).
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.