Food for thought – Xcite Energy – something’s about to give..

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Just a little bit of Sunday afternoon food for thought for you all – the chart above is about to give – either we break to the upside or we break to the downside. The size of the wedge dictates a move of 70p so we are either going down to 30p or we are about to receive news to break to the upside. Unless all the brokers in the City are having the wool pulled over their eyes and there’s no black stuff in their North Seas fields, I know where my money is.

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