,
Tuesday, 18 May 2021 08:20 GMT

ConocoPhillips Wave Analysis 11 February, 2021


(MENAFN - FxPro) class=content id=press_release_tab_2> ConocoPhillips Wave Analysis 11 February, 2021

• ConocoPhillips reversed from resistance level 47.5

• Likely to fall to support level 42.50

ConocoPhillips recently reversed down from the key resistance level 47.5 (former monthly high from January and the top of the previous correction 2) - standing near the upper daily Bollinger band.

The downward reversal from the resistance level 47.5 started the minor impulse wave (iii).

ConocoPhillips can be expected to fall further toward the next support level 42.50 (50% Fibonacci retracement level of the previous minor correction (ii)).

MENAFN12022021000156011031ID1101588742


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Authors_Square_PromoteArticle_Ink2019