Exxon Mobil Wave Analysis – 28 January 2026

Exxon Mobil: ⬆️ Buy

– Exxon Mobil rising inside impulse waves iii and 5

– Likely to rise to resistance level 140.00

Exxon Mobil has been rising sharply in the last few trading sessions, breaking through the resistance levels 131.40 (intersecting with daily up channel from December) and 135.00.

The breakout of these resistance levels accelerated the active impulse waves iii and 5 – which belong to the intermediate impulse wave (C) from August.

Given the strong daily uptrend, Exxon Mobil can be expected to rise to the next resistance level 140.00 (target for the completion of the active impulse wave (C)).