XOM has a multi year resistance line that it quickly has been approaching. This resistance line depicted in red has held strong since 2014 and Exxon has attempted to break above this resistance line several times since and has failed each time. What makes this retest different? Momentum and demand makes this retest different, In fact the move on the MACD has been extreme and much stronger than previous momentum swings depicted on XOM's MACD. This coupled with a red hot crude/commodities market tells me that this time will be different when XOM grinds up closer to the multi-year resistance trend line I expect a bullish breakout and a price target of 77, and then a move up to 87.55 within a few years.