if COP takes out the stops by breaking 37.98 it could break upwards and fill the gap up to 44. Was recently rejected at the weighted VWAP from Febs High and respecting the weighted VWAP from March low. Recent 2-1-2 reversal signifies strength, and has a nice volume base near 34.
Comment:
COP taking out recent highs and was able to hold above 37.98. Has low resistance and should fill the gap up to around 44.50 over the next couple days
Comment:
COP Continuing to fill the gap with low resistance, energy is looking up right now, expect to hit $44 tomorrow and then small a reversal to consolidation.
Comment:
that's about as spot on as you can get, netted a good chunk'o change on this call