Time for Exxon Mobil to close the gap

06 june 2022 70
Ivan__Titov
Ivan__Titov

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3rd in the segment "Indices"
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Thanks to higher oil prices, Exxon Mobil stock price will continue to grow. But quotes of the main competitor, Chevron, have made new historical highs many times in recent months, while Exxon Mobil have been left behind.

 

However, upward trend still continues and the harami cross that was formed last week couldn't break it. The immediate goal is the historical minimum of 2014 at the level of 104.7. After reaching this mark, a slight pullback or flat is possible, especially since the RSI indicator is close to the overbought zone. 

Ivan__Titov
Ivan__Titov

Listed among the best MarketCheese authors
3rd in the segment "Indices"
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