CXO approaching resistance, potential drop! CXO is approaching our first resistance at 125.72 (horizontal overlap resistance, 100% fibonacci extension, 50% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support (50% fiboancci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Cxoshort
CXO approaching resistance, potential drop! CXO is approaching our first resistance at 125.72 (horizontal overlap resistance, 100% Fiboancci extension, 50% Fibonacci retracement) where a strong drop might occur below this level to our support at 109.68 (50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
CXO approaching resistance, potential drop! CXO is approaching our first resistance at 125.72 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 109.68 (50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
