DavidBelleFX
Long

MXO long based off Wyckoff theory.

LSE:MXO   MX OIL PLC ORD 0.01P
91 0 3
Link to Wyckoff theory and buying & selling climaxes in equities: http://tv.ino.com/media/INLV97ST/workbook.pdf

I see here a fantastic example of a Wyckoff selling exhaustion in MXO             . We have seen accumulation along the VPOC since mid May and price is slowly creeping into a break of current mkt structure. A move above 1.268p would present a buying opportunity with clear RR where you may exit when price breaks below 1p. Target 1 at 2p, target 2 at 2.81p with potential to reach 3p+
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