TradingKey – ExxonMobil closed on September 10 at $165.23, up 0.61% and around the same as the offered price of $165.24. Stock is currently trading above the $163.76 pivot after bouncing off of $158.82. Fundamentally the setup is looking bullish as Brent remains above $100, Permian production is at record levels, and Exxon made a new discovery in Angola and Papua LNG is now moving under Exxon operatorship. The main concern is whether the upside in oil prices will be offset by the demand destruction on the global economy.