Zion oil and gas stock price closed at $0

Zion Oil and Gas stock price closed at $0.068 yesterday, up 2.5% on light volume. Technical charts show resistance near $0.075, with support around $0. “If you look at the history of what Utah has done with their lands, they’ve sold more than half of them,” said Devin O’Dea, Western policy and conservation manager with Backcountry Hunters & Anglers. “We’re certainly of the perspective that states could not handle the economic costs of managing these lands. Their hand would be forced; they would have to sell these lands in order to deal with those costs.” About Zion Oil & Gas, Inc. Zion Oil & Gas, a U.S. public company traded onOTCQB: ZNOG , is dedicated to exploring for oil and gas onshore in Israel under its Megiddo Valleys License 434 which covers approximately 75,000 acres. Investors tracking Zion Oil and Gas stock price should note the 14-day RSI approaching 60, suggesting moderate buying pressure. If exploration updates are positive, breakout potential towards $0.08 exists. The oil and gas exploration industry remains sensitive to both commodity futures and local regulatory developments.