VLO approaching resistance, potential drop! VLO is approaching our first resistance at 82.84 (horizontal overlap resistance, 23.6% fiboancci retracement, 61.8% fibonacci extension) where a strong drop might occur below this level pushing price down to our first support at 70.05 (horizontal overlap support, 100% fiboancci extension, 50% fibonacci retracement).
Stochastic (21,5,3) is also approaching our first resistance and we might see a corresponding drop in price.
