Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
There are currently two technical issues and one fundamental issue of note regarding North Sea focused Oil & Gas group Xcite Energy (XEL). The technicals in terms of the charting picture remain flattered as they have been for the past 6 weeks by the way that new support for the stock has started to come in at and above the former January 110p intraday peak.
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