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XOP resistance at 187.81
Watching $XOP closely around the 187.81 high from earlier today. It's showing some strong rejection there, which could set up a retest of the 185.36 low if sellers continue to step in. A clear break above 188 would invalidate that short-term bearish outlook for me.
1 comments · 6 points
Interesting. What would you be looking for to confirm that retest of the 185.36 low? Is there a particular volume indicator or candle pattern that would solidify that for you?