Technical Briefing on Quicksilver Resources, Forest Oil, Canadian Natural Resources, and EXCO Resources

  Technical Briefing on Quicksilver Resources, Forest Oil, Canadian Natural
                        Resources, and EXCO Resources

PR Newswire

LONDON, April 10, 2013

LONDON, April 10, 2013 /PRNewswire/ --

The markets resumed their upward ascent as The Dow Jones Index closed at
record high on Tuesday. The Dow Jones gained 0.41 percent to end the day at
14,673.46. Cyclical stocks pushed the markets up. Positive sentiments about
upcoming earnings season also provided positive impetus to the markets. We
followed the Basic Material sector majors, and selected companies in the
Independent Oil & Gas industry like Quicksilver Resources Inc (NYSE: KWK),
Forest Oil Corporation (NYSE: FST), Canadian Natural Resource Ltd (NYSE: CNQ)
and EXCO Resources Inc. (NYSE: XCO). StockCall has posted free technical
research reports on KWK, FST, CNQ, and XCO and these can be accessed by
signing up at

http://www.stockcall.com/analysis

Quicksilver Resources Inc. closed its Tuesday's trading session at $2.63, up
3.14 percent from its previous close. The stock shows a bullish trend and is
likely to make upward movements in the coming trading sessions. Quicksilver
Resources may face resistance at $2.90. Upon breaching this level, it may go
up to $3.08 level. The stock traded 3.20 million shares during the session,
and it oscillated in the range of $2.48 and $2.68. The stock has declined
45.32 percent in the past 52 weeks. The company is a highly volatile stock as
it sports beta of 1.69. The company has market capitalization of $454.86
million. Download the free report on KWK upon registration at

http://www.StockCall.com/KWK041013.pdf

Forest Oil Corporation made an upward movement with 2.24 percent gain in its
latest trading session. The company stock ended at $5.01 and its highest price
point for the session stood at $5.05. In the past 12 months, the stock has
declined 56.77 percent while its YTD loss stands at 21.47 percent. It traded
in the range of $4.58 and $13.69 in the past 12 months. Forest Oil trades at
beta of 1.48, which implies high volatility. It traded 4.27 million shares
during yesterday's session, in comparison to its regular daily volume of 3.83
million shares. FST technical report can be accessed for free by signing up at

http://www.StockCall.com/FST041013.pdf

Canadian Natural Resource Ltd trimmed its 52 weeks loss to 1.56 percent by
closing its previous trading session 2.90 percent higher. The stock closed at
$31.53, with trading volume of 2.23 million shares on Tuesday. It is up 10.75
percent on a YTD basis. Canadian Natural Resource Ltd is currently in a
bullish mode and is expected to go up to $32.93 in the coming trading
sessions. Its next resistance level is at $33.05. On the downside, it is
expected to face its first support level at $31.40, while its second support
is at $30.66. Canadian Natural Resource Ltd traded in the range of $25.01 and
$35.40 in the past 52 weeks. Free report on CNQ can be accessed by registering
at

http://www.StockCall.com/CNQ041013.pdf

EXCO Resources Inc. is currently trading marginally below its 20-day and
50-day moving average price. It also ended its latest trading session 1.10
percent higher at $7.37, further confirming the trend. EXCO Resources Inc.
exchanged 2.01 million shares during the session, while its regular trading
volume stands at 3.47 million shares. The stock has underperformed the broader
markets and has gained 7.12 percent so far this year. However, it is likely to
go up to $7.52 in the coming trading sessions. Its second resistance level is
at $7.75. The independent oil & gas company commands market capitalization of
$1.60 billion. Register with StockCall and download the research on XCO for
free at

http://www.StockCall.com/XCO041013.pdf

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