Exxon Mobil Wave Analysis – 27 May, 2022

• Exxon Mobil broke the resistance zone
• Likely to rise to resistance level 100.00

Exxon Mobil recently broke the resistance zone lying at the intersection of the resistance level 95.00 and the resistance trendline of the daily up channel from the middle of March.

The breakout of this resistance zone continues the active minor impulse wave 3 of the intermediate impulse sequence (6) from the end of February.

Given the strong daily uptrend – Exxon Mobil can be expected to rise further toward the next round resistance level 100.00 (target for the completion of the active impulse wave 3).