Technical Analysis of STOCKS & COMMODITIES
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Frontier Oil - A Classic Example of Broken Support Turned Resistance
ARTICLE SYNOPSIS...Frontier Oil broke a spread quintuple bottom in the $14.50 to $15.00 range back in July. Since then, this area of broken support has acted as stiff resistance for the stock.
ARTICLE SYNOPSIS...The chart for Frontier Oil is painting two different pictures. Though some of the technicals are indicating significant resistance at current levels, others are projecting higher prices.