Exxon Mobil Wave Analysis – 9 January 2026

Exxon Mobil: ⬆️ Buy

– Exxon Mobil reversed from support area

– Likely to rise to resistance level 126.00

Exxon Mobil recently reversed from the support area between the key support level 120.00 (former resistance from November and December), 20-day moving average and the 61.8% Fibonacci correction of the upward impulse from December.

The upward reversal from this support area continued the active impulse waves iii, 3 and (C).

Given the clear daily uptrend, Exxon Mobil can be expected to rise to the next resistance level 126.00 (target price for the completion of the active impulse wave 3).