Technical analysis
Exxon Mobil Wave Analysis 5 February, 2021
February 05, 2021 @ 18:49 +03:00
![Exxon Mobil Wave Analysis 5 February, 2021 Exxon Mobil Wave Analysis 5 February, 2021](https://fxpro.news/wp-content/uploads/2020/01/exxon-mobil-logo-Dw4q-850x575-MM-78.jpg)
• Exxon Mobil rising inside impulse wave 3
• Likely to reach resistance level 51.00
Exxon Mobil continues to rise inside the sharp upward impulse wave 3 – which started earlier from the pivotal support level 630.00 (former monthly high from December) coinciding with the lower daily Bollinger Band and the 61.8% Fibonacci retracement of the previous upward impulse 1 from December
The active impulse wave 3 belongs to the longer-term impulse sequence (3) from December.
Exxon Mobil is expected to rise further toward the next resistance level 51.00 (top of the previous impulse wave 1).
![](https://fxpro.news/wp-content/uploads/2021/02/xom2-primary-analysis-feb-05-1730-pm-1-day-1024x479.png)