Categories: Technical analysis

ExxonMobil Wave Analysis – 20 November, 2019

  • ExxonMobil falling inside impulse wave C
  • Likely to fall to 75.00

ExxonMobil continues to fall inside the short-term impulse wave C, which belongs to the medium-term ABC correction (2) from the start of November.

The active wave (2) is a part of the longer-term upward impulse sequence ③ from last month.

ExxonMobil is expected to fall further toward the next support level 75.00 (target price for the completion of the active ABC correction (2)).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: XOM

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