There are many names in the O&G that I could consider opening long positions today.
COP
is one of them, others being
CNQ
DINO
,
VLO
among others. Note however that many of these tickers are still in a long term down trend so it would be prudent to start off with a small position and see how the merket behaves and react accordingly. I set support and resistance based on higher timeframes and based on the
COP
weekly chart, I have set temporary resistance at around $108.
COP
is one of them, others being
CNQ
DINO
,
VLO
among others. Note however that many of these tickers are still in a long term down trend so it would be prudent to start off with a small position and see how the merket behaves and react accordingly. I set support and resistance based on higher timeframes and based on the
COP
weekly chart, I have set temporary resistance at around $108.
Trade active:
Price went up but retraced within days. Keeping the position for now