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



Robert Norman

Phone: 0428 346 951

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