Technical analysis

Exxon Mobil Wave Analysis – 1 June, 2021

• Exxon Mobil rising inside impulse wave 3

• Likely to rise to resistance level 62.00

Exxon Mobil continues to rise inside the minor impulse wave 3 which started earlier from the pivotal support level 57.50 (former strong resistance from March and April).

The active impulse wave 3 belongs to the intermediate impulse wave (5) from the middle of April.

Exxon Mobil can then be expected to rise further toward the next resistance level 62.00 (which has been reversing the price from March).

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