ExxonMobil's stock (XOM) rose in the intraday levels after leaning on the support of the main upward medium-term trend line, lending the stock positive momentum and sending it 1.12% higher in the last session, or 1.19 points, and settling at 107.59, with positive signals from the RSI, countered by negative pressure from the 50-day SMA.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 119.60, provided the initial resistance of 111.00 is pierced.
Expected trend for today: Bullish