Long

PXD Bullish

Looks like consolidation will come to an end this week, with minimum of a quick bullish run. Along with my chart on SPX, which also shows at least a short bullish spurt if not longer; PXD can be expected to have a quick bullish trade. If you're not very comfortable with that, you may want to look into credit spreads if nothing else. I dont think PXD has weekly contracts though.

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