XOM is likely to hold support and make a bullish reversal.

١٩ نوفمبر ٢٠٢٣

Shares of oil and gas companies gain tracking a rise in oil prices.

But, there is more to support Exxon's reversal.

EXXON is to release additional details about its corporate plans, Including Its Capital Plans to 2027, on December 6th.

Its plans to become one of the world's top producers of the metal used to make electric vehicle (EV) batteries can be a trigger for long term bullish price action.

Short term technical overview also looks optimistic.

Cycle Sniper Daily indicates a potential bullish reversal from an oversold region after the stock holds 100$ - 97$ support.

Technically:

Cycle Sniper Daily indicates a bullish reversal from an oversold region after the stock holds 100$ - 97$ support.

After a daily closing above 107$, our targets are 110$, 113$, 118$, and 126$ until the end of Q1 2024.

Good Luck