XOM Resistances and Supports

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Hmm. Who is going to benefit the most from oil             prices going up? Maybe the biggest integrated and hedged oil             company in the business? You betcha.

I bought calls on XOM             at the 72.50 strike 3 trading days ago and got in with a $73 price entry. I'm planning to ride XOM             up until it hits resistance at 1 of my two target points highlighted in green. I have highlighted key points of resistance and support as a nice visual.

I bought it only $6 away from its 52 Week low and I am planning on closing it at the $82.50-$87.25 price range.

I will keep you guys updated.

I have taken off my XOM call and I will wait until a better point in order to get back in.
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