CXO looks to be forming a running flat in the short term. C-wave is incomplete so a little patience is required before considering an entry. Any move to the golden zone will need to be scrutinized. The 92c and 89c level represent sturdy resistance and support zones. Could also possibly become an expanding flat in the future. A tight stop loss here (5 to 7%) is...
Moved from a running flat to an expanding flat . Spot lithium prices have fallen 34% in the month of March, highlighting a slowdown in demand caused by contractionary monetary policy. The spillover effect onto major banks indicate a stronger possibility of further downside which may lead to a recession during summer (US). Downside is clearly linked with a number...
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.
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 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.
