In this unsettled climate CXO seems to be powering ahead and having built a resistance break pattern it should rise to around $1.25 if it can break higher. Another targeting technique suggests $1.19

I'm a bit unsure about the price channels on the chart - as in which one (or any of them) is correct.

Elliott Wave count suggests price is now on W5 which also supports the theory of price making new highs.

CXO 3Mar22

 

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