– Exxon reversed from support level 100.00
– Likely to rise to resistance level 108.00
Exxon earlier reversed up from the round support level 100.00, intersecting with the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from July.
The upward reversal from the support level 100.00 stopped the previous minor ABC correction 2 from the end of April.
Given the strength of the support level 100.00, Exxon can be expected to rise further toward the next resistance level 108.00, which has been repeatedly reversing the price from May.
This week, we’re tracking the US Dollar’s powerful climb following Trump's victory, hitting a crucial…
Next week, several countries including Canada, the UK, and Japan will release their estimates of…
Investors have been selling off gold, with this week's drop being the largest in three…
The Hang Seng Index has fallen 20% from its peak, marking the start of a…
The S&P500 reached the 6000 mark but faced resistance due to fatigue and dollar appreciation.…
The crypto market has continued to cool down for the third day, with a 1.7%…
This website uses cookies