Even though the percentage increases havent been massive CXO has still managed to break through 2 heavy points of resistance on 2 consecutive days (3.8c and 4.1c). We also closed smack bang on the last resistance line at 4.4 which was never going to be hard to crack as only small volume traded between 4.1 and 4.4.
first target of 5.1c based on the gap left in Dec 2014 still in play so lets see what tomorrow bring.
