JohnKeverich
Long

Betting on rising oil prices with COP

NYSE:COP   CONOCOPHILLIPS
25 3 0
Going long in COP as a hedge against my long position in USDRUB             . Just like Russian currency COP is strongly correlated with Brent. It just bounced off a long-term support. This could become a major bottom.

7% dividend yield is a nice bonus :)
JohnKeverich
a year ago
Strongly correlated with Brent since May
snapshot
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JohnKeverich
a year ago
Now, if it can at this level for the next 2 days, this will look like a perfect bottoming candle.
snapshot
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JohnKeverich
a year ago
snapshot

And it looks like trendline will be tested again.
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