Technical Analysis on Marathon Oil (MRO)

Marathon Oil (MRO) presently testing long-term price ceiling

Marathon Oil (MRO) is examined in this Wicked Stocks video-analysis, showing the stock presently testing a long-term price ceiling able to contain annual highs. It's no coincidence that WTI Crude Oil is also presently testing it's own long-term, overheard price ceiling. A failure in MRO this week to close above key resistance allows price declines of 50% over the next several months, while closing above said resistance would signal continued gains of at least 50% into later year.

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