et20tradeview

O&G on the up today

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NYSE:COP   ConocoPhillips
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.
交易开始:
Price went up but retraced within days. Keeping the position for now

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