VantageMarkets

Fading into Consol primary trend.

Long
NYSE:CEIX   CONSOL Energy Inc.
Consol Energy - 30d expiry - We look to Buy at 58.22 (stop at 54.91)

Levels below 58 continue to attract buyers.
The primary trend remains bullish.
There is no sign that this bearish momentum is faltering but the pair has stalled close to a previous swing low of 57.52.
We look for a temporary move lower.
Short term momentum is bearish.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
This stock has seen good sales growth.

Our profit targets will be 66.48 and 68.48

Resistance: 65.00 / 68.00 / 70.20
Support: 60.20 / 58.60 / 57.50

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