The shares of ExxonMobil Corp., an American oil company, are moving within a long-term ascending channel, actively testing its upper limit around 118.75 (Murrey level [6/8]). In case of consolidation above it, further growth targets will be 125.00 (Murrey level  /8]) and 128.12 (Murrey level [+1/8]). The key “bearish” level is the central mark of the Murrey trading range 112.50 (Murrey level [4/8]) below the middle line of Bollinger bands, the breakdown of which will give the prospect of quotes returning to levels 106.25 (Murrey level [2/8]) and 100.00 (Murrey level [2/8] Murrey [0/8]).
Technical indicators point to the continuation of the upward trend: Bollinger bands and Stochastic are directed upwards, while the MACD histogram is increasing in the positive zone.
Resistance levels: 118.75, 125.00, 128.12. | Support levels: 112.50, 106.25, 100.00.