Exxon Mobil (XOM) has started a new Bull Cycle, one sequence that is recurring within its 58-year trading history. Helped to a large extent by the current geopolitics (U.S. – Iran war), the price is extending this month a rally that started after the April 2025 Low on the 1M MA50 (blue trend-line).

Historically it looks like the we are at least half-way inside a Bull Cycle like the previous one where in January 2022 the Ukraine – Russia war started. We believe that as long as the 1M MA50 supports, the market should complete at least a +218.50% rally from the April 2025 Low, which is historically the minimum Bull Cycle it had % wise.

This gives a $310 Target on a 3-year horizon. Even when the 1M RSI hits the 87.00 Resistance, it historically means that the Bull Cycle isn’t over yet.

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