XOM - Exxon Mobil Corp. - Buy Idea 10.06.2024

Here we see new bullish impulse that breaks the last high. There is a demand zone at level 78.60% by Fib Retracement. We expect the price to reach this zone - from 100.50 to 105.00. If this happens - the indicators will reach oversold levels and there is a good chance to see pushback from the zone. The movement we expect is to the last high - about 18%.