Exxon Mobil Wave Analysis – 08 November, 2019

Exxon Mobil broke resistance area
Likely to rise to 75.00

Exxon Mobil has been under bullish pressure after the earlier breakout of the resistance level 70.00 (previous upward target).

The price earlier broke the resistance area lying between the resistance trendline from April and the 100-day moving average – which accelerated the active impulse wave (3).

Exxon Mobil is expected to rise further and retest the next strong resistance level 75.00 – which is the monthly high from September.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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