Exxon Mobil Is On The Way Higher As AnticipatedMar 29, 2024

Exxon Mobil is on the way higher after we spotted a completed correction within uptrend by Elliott wave theory.

We talked about Exxon Mobil with ticker XOM back in December of 2023 in which we mentioned and highlighted strong support within an (A)-(B)-(C) irregular flat correction for wave 4. We also shared an article along with Crude oil, where we warned about a recovery into projected 80-90 zone, maybe even 100 area, as Exxon Mobil has still space for more gains towards new all-time highs. CLICK HERE

Exxon Mobil Is On The Way Higher As Anticipated XOM Daily Chart
XOM Daily Chart

As you can see today after three months, Exxon Mobil is in strong rally away from projected support for wave 4. So, wave 5 can be now in progress, which should be completed by a five-wave cycle of the lower degree, thus it can easily send the price towards all-time highs, just be aware of subwave (4) pullback. At the same time Crude oil could be headed to 85-90, maybe even 100 area.

Become a premium member

Get daily Elliott Wave updates for some major Digital currencies, FIAT currency markets, major stock indexes, gold, silver, crude etc. or apply for unlimited access to the Elliot Wave educational videos.

Bitcoin Slows Down At 70k As Nvidia Keeps Consolidating. Check our free video HERE.


Any reviews, news, analysis, prices or other information contained on our website is provided as general market commentary and delivered electronically through a distribution channel to larger number of clients, therefore does not constitute investment advice or investment research. We are not trading advisors. Most of our work is for educational purposes only, with information based on Elliott Wave theory in real time. Trading forex, futures, options, stocks, cryptocurrenices or any another trading market carries a high level of risk, and may not be suitable for all investors.

The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.

Any information or material contained on our website is owned by Val Global d.o.o.. Reproduction is prohibited without Val Global d.o.o. prior license in writing.

By continuing to use the site, you agree to the use of cookies. Learn more.

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.