With 
SPX suffering a further correction of -2.6% as investors begins to worry about rising yields where the benchmark 10-year U.S. Treasury note briefly crossed the 1.6% level, 
RES rallied a further +8.31% to close at it’s 52-weeks high at $6.39. The total cumulative rally from the breakout of its 3 months trend channel stance at +39.33% in less than 19 trading sessions.
Implied volatility ofRES currently averages at $0.35/day, putting it on a spotlight to re-test its immediate resistance level at $6.80 in the upcoming session. Any signs of exhaustion will required RES to break below $5.00 before End March 2021.
RES provides a range of oilfield services and equipment for the oil and gas companies involved in the exploration, production, and development of oil and gas properties.
SPX suffering a further correction of -2.6% as investors begins to worry about rising yields where the benchmark 10-year U.S. Treasury note briefly crossed the 1.6% level, RES rallied a further +8.31% to close at it’s 52-weeks high at $6.39. The total cumulative rally from the breakout of its 3 months trend channel stance at +39.33% in less than 19 trading sessions.Implied volatility of
RES currently averages at $0.35/day, putting it on a spotlight to re-test its immediate resistance level at $6.80 in the upcoming session. Any signs of exhaustion will required RES to break below $5.00 before End March 2021.RES provides a range of oilfield services and equipment for the oil and gas companies involved in the exploration, production, and development of oil and gas properties.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.