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COP

Trade Like A Sniper - Episode 42 - USDCOP - (14th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions. A couple of things to note: - I cannot see news events. - I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range. - I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks In this session I will be analyzing USDCOP, starting from the 3-Month chart. If you want to learn more, check out my TradingView profile.
by Road_2_Funded
Huge Move now Consolidate from NGS Natural Gas ServiceThis ticker is red hot. Can extend up another 10% or so, but it is most likely to consolidate downward for a couple months now. The long term energy commodities trend remains bullish, so do not fear some short-term bearishness Natural Gas Services Group, Inc. provides natural gas compression services and equipment to the energy industry in the United States. It fabricates, manufactures, rents, sells, and maintains natural gas compressors and flare systems for oil and natural gas production and plant facilities. The company primarily engages in the rental of compression units that provide small, medium, and large horsepower applications for unconventional oil and natural gas production. As of December 31, 2022, the company had 1,869 natural gas compression units in its rental fleet with 425,340 horsepower. The company also engages in the design, fabrication, and assembly of compressor components into compressor units for rental or sale; engineers and fabricates natural gas compressors; and designs and manufactures a line of reciprocating compressor frames, cylinders, and parts. In addition, it is involved in the design, fabrication, sale, installation, and service of flare stacks and related ignition and control devices for the onshore and offshore incineration of gas compounds, such as hydrogen sulfide, carbon dioxide, natural gas, and liquefied petroleum gases.
NYSE:NGS
by noam_chom
COP- Divergences suggest bearish reversal.COP has had a brief trend up in the past three and a half trading days of about 8%. An analysis of the 30 minute chart suggests this could reverse. Firstly, the HA candles are now narrow- ranged and more or less Dojis. The MTF RSI indicator of Chris Moody shows dropping RSI on the 5 minute TF while it is hold up at 100 on the 60 minute TF. The former is indicative of bearish divergence. In a similar fashion the zero lag MACD shows an early cross-over of the K and D lines over the positive histogram another bearish divergence and sign of impending reversal of momentum. Based on all of this I will take two put option on COP striking $110 one expiring 7/14 and the other 7/21 targeting stock prices of $105 then $102. I am projecting profits of 25% on the shorter trade and 75% on the longer trade. I will find the entry on the 5 minute chart looking for a pivot high coupled with a transitioning EMA200 from a positive slope to zero or negative. Other traders may simply short COP and hold to the lower target.
NYSE:COPShort
by AwesomeAvani
XOM, Possible Long Term Play with around 200 targetExxon Mobil Corporation stock MAY see around 200 USD price in up coming years ! Today, we are going to investigate one of the giant oil companies. XOM has completed a complete ascending wave cycle from 1970 to 2020 . Impulsive section of this wave cycle was between 1970 and 2014 and corrective section started at 104.76 (former ATH) on 2014 and lasted for 6 years . On Mar 2020 stock bottomed with double bottom pattern at 30.11 USD around 0.786 Retracement level of the whole large time frame bull run. This complete wave cycle can be labeled as primary degree wave 1 and 2 of the larger degree wave cycle ( cycle degree). After end of primary degree wave 2 , a considerable up side move started which strongly broke multi years down trend line and reclaimed the ATH ( actually made a new one ). This strong and steep up going wave can be considered as primary degree wave 3 which can push the stock up to around 200 USD. This primary degree wave 3 can itself be divided to 5 intermediate wave degree and I suppose currently we are in wave 4 (minor degree ) of wave 1 (intermediate degree) of 3 ( Primary degree ). What all above explanation means? It means most probably we have an up side move from around 78 to around 116 USD . Then , a considerable correction of intermediate degree wave 2 of primary degree wave 3 may start which can hammer down stock to around 63 USD . After that , most powerful and steep wave will start which can break the upper bond dynamic resistance ( as this the typical character of wave 3 of 3) and lead the stock to above 150 USD. All other predicted wave moves are shown on the chart. Therefore, I certainly keep XOM in my watch list to open a profitable long position in appropriate time ( most probably in up coming weeks). Please note our chart is in monthly time frame and there may be many fluctuations in up coming weeks and days. In addition, timing on the chart may become incorrect as timing is the most difficult task in charting. Also I kindly ask you to keep in mind this is before the fact long term prediction and normally it may need some updates in future. I hope this analysis to be useful and wish you all the best.
NYSE:XOM
by SaeedSajedi
22
It's the 1990s in LatinmericaIt's all been said and done! Finish him! Latinamerica is going back to the 80s while the developed world heads to the moon. “They live different kinds of lives outside of the city” For a while, everything was turned into entertainment and people did not want to bother themselves with difficult issues. It was only at the last minute that we found out how to use all these new technologies for better purposes than just killing time. My biggest concern is all the people who do not live in our city. Those we lost on the way. Those who decided that it became too much, all this technology. Those who felt obsolete and useless when robots and AI took over big parts of our jobs. Those who got upset with the political system and turned against it. They live different kind of lives outside of the city. Some have formed little self-supplying communities. Others just stayed in the empty and abandoned houses in small 19th century villages.
Short
by axelrodd
2
Bearish on ConocoPhillips. COPWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NYSE:COPShort
by Rykin_Capital
Colombia slowly but surely on the road to hyperinflationThe inherent weaknesses produced by the pandemic in Latin America have produced the propitious scenario for a new hyperinflation to take place in the region, in this case in Colombia. This nation that around its history and its abundance of natural resources has been subjected to the old history of the Dutch disease. in such a way that its industrial and technological development sectors have always been depressed. which logically implies that there is a brain drain and a growing commercial imbalance with respect to the United States and now China. The rulers who are nothing more than a kleptotractic class, who since the beginning of the nation has been bolted to power, have never offered a structural change, also because the legal and structural incentives of the economy prevent political and social change, Consequently, the economic deterioration has been associated with an internal enemy during the more than 50 years of civil conflict and lately the blame has been placed on the immigration of Venezuelans and on Venezuela itself (external enemy). All these representations already mentioned have implied for the nation a walking on stakes, which cannot produce more than a process of hyperinflation in the medium term. It should be noted that the country's international gold reserves have been depressed by 60% during the pandemic and that the state also assumed new loans that increased the external debt with respect to GDP from 49.5% in 2019 to 54.8% according to the latest report, which implies that in less than 18 months it has increased by a factor of 10.71%. This aforementioned scenario, logically implies that there are some accused systemic risks within the Colombian economy. It is worth mentioning that the hydrocarbon exploitation and tourism sectors have been depressed for almost a year due to the collapses in the price of crude oil and a significant decrease in tourism due to the pandemic, since these are the most fluid sources of international foreign exchange for the country. Colombia must take a more serious stance in order to get out of this quagmire, it is not useful for foreign investment or for investor confidence that every two by three they are reformulating trade rules and bureaucracy, the Colombian people will end up going through the gillotine to their rulers sooner or later when there is a depression in the cost of living and a significant decrease in purchasing power as projected in this analysis. I will finish by explaining the technical part, what we observe in a projection in an equidistant channel; In it, we observe 3 elements, a temporary one that is based on tracing the most significant points of change in the trend or strong movements, in order to postulate a temporary projection of when the next inflationary peak will occur, this is close to the end of 2024, but is can produce sooner. On the other hand, the price is in the upper part of the channel, the only way to reverse this scenario is for the price to correct strongly and touch the lower part of the channel or break it, but it seems that this will not happen. rather it seems that it will look for the technical level of the 3.61 of fibonacci. in less than 3 years. Therefore, it is a bad time to make medium-term investments in the country. I will end by observing that the country can get out of this scenario, if there is a structural change in the long and medium term in the ways in which the country's economy produces and if the government decides to reduce externalities and make more territorial presence in the country. On the other hand, it is important to have simplified fiscal rules for internal and external investment, under conditions that promote competition between both types of investment, it could be a requirement that such investment must be by mixed law and promote the development and industrialization of the field. ; However, a change in the internal dynamics of drug trafficking and the use of public spending must be fostered. since public spending encourages social immobility, due to the large number of subsidies. To clarify whether the private sector is encouraged with mixed investment (this is understood as foreign and internal investment, the latter understood as state and private), macroeconomic solutions will be given in the medium term. This will imply a flow of capital and a decrease in structural unemployment, since official data say that there is much less unemployment than in reality, since informality is arbitrarily measured within this standard. español las debilidades inherentes producidas por la pandemia en latinoamerica, han producido el escenario propicio para que se produzca una nueva hiperinflacion en la region, en este caso en colombia. esta nacion que alrededor de su historia y por su abundancia de recursos naturales a estado sometida a la vieja historia de la enfermedad holandesa. de tal manera que sus sectores industriales y de desarrollo tecnologico siempre han estado deprimidos. lo que implica de un modo logico que exista una fuga de cerebros y un desbalance comercial creciente respecto a estados unidos y ahora china. los gobernantes que no son mas que una clase cleptotractica, que desde los inicios de la nacion ha estado atornillada al poder, nunca han ofrecido un cambio estructural, tambien debido a que los incentivos legales y estructurales de la economia impiden un cambio politico y social, en conseuencia, el deterioro economico ha estado asociado a un enemigo interno durante los masd de 50 años de conflicto civil y ultimamente se le achaca la culpa a la inmigracion de venezolanos y ala propia venezuela(enemigo externo). todas estas representaciones ya mencionadas, han implicado para la nacion un caminar sobre estacas, que no puede producir mas que un proceso de hiperinflacion a medio plazo. cabe recalcar que las reservas de oro internacionales del pais se han deprimido en un 60% durante la pandemia y que ademas el estado asumio nuevos prestamos que incrementaron la deuda externa con respecto al pib del 49.5% en 2019 a 54.8% segun el ultimo reporte, lo que implica que en menos de 18 meses se ha aumentado en un factor del 10.71%. este escenario mencionado anteriormente, implica de un modo logico que exista unos riesgos sistemicos acusados, en el seno de la economia colombiana. cabe mencionar que los sectores de la explotacion de hidrocarburos y turismo se han deprimido por casi un año debido a los desplomes en el precio del crudo y una disminucion significativa del turismo debido a la pandemia, pues estas son las fuentes mas fluidas de divisas internacionales para el pais. colombia debe asumir una postura mas seria para poder salir de este atolladero, no sirve para la inversion extrajera ni para la confianza del inversor que cada dos por tres esten reformulando las reglas comerciales y la burocracia, el pueblo colombiano terminara pasando por la gillotina a sus gobernantes tarde o temprano cuando se produzca una depresion del costo de vida y una disminucion significativa del poder adquisitivo como la proyectada en este analisis. terminare explicando la parte tecnica, lo que observamos en una proyeccion en un canal equidistante; en la observamos 3 elementos uno temporal que se basa en trazar los puntos mas significativos de cambio de la tendencia o movimientos fuertes, para asi postular una proyeccion temporal de cuando se dara el siguiente pico inflacionario, este esta cerca de finales del 2024, pero se puede producir antes. por otra parte, el precio se encuentra en la parte superior del canal, el unico modo de revertir este escenario es que el precio corrija con fuerza y toque la parte mas inferior del canal o lo rompa, pero parece que no va ocurrir esto. mas bien parece que buscara el nivel tecnico del 3.61 de fibonacci. en menos de 3 años. por lo cual es mal momento para realizar inversiones a medio plazo en el pais. terminare por observar que el pais puede salir de este escenario, si existe un cambio estructural a largo y medio plazo en los modos en que la economia del pais produce y si el gobierno decide reducir las externalidades y hacer mas presencia territorial en el pais. por otra parte, es importante tener unas reglas fiscales simplificadas para la inversion interna y externa, en condiciones que propicien una competencia entre ambos tipos de inversion, podria ser un requisito que dicha inversion deba ser por ley mixta y propiciar el desarrollo e industrializacion del campo; sin embargo, debe propiciarse un cambio en las dinamicas internas sobre el narcotrafico y el uso del gasto publico. pues el gasto publico propicia una inmovilidad social, debido a la gran cantidad de subsidios. para aclarar si se incentiva el sector privado con inversion mixta(esto entendido como inversion extrajera y interna esta ultima entendida como estatal y privada), las soluciones macroeconomicas se daran en el medio plazo. lo que implicara un flujo e capitales y disminucion del desempleo estructural, puesto que los datos oficiales dicen que existe un desempleo mucho menor que el que en realidad existe, ya que se mide arbitrariamente la informalidad dentro de este estandar.
Long
by TrumpMakeBitcoinGreatAgain
7
Someone call the COPs ConocoPhillips Short Term We look to Buy at 87.72 (stop at 84.15) Preferred trade is to buy on dips. We are trading at oversold extremes. Previous support located at 87.50. We have a 61.8% Fibonacci pullback level of 87.61 from 65.06 to 124.08. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be 101.19 and 108.19 Resistance: 105.00 / 124.00 / 150.00 Support: 87.50 / 68.00 / 51.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:COPLong
by Saxo
4-6 week opportunity with 20% gain opportunity..!Entry: at the market opening Stop loss: closing below 95 Reward/Risk: 2 Target range: 120 Time Frame: 4-6 wks Possible gain: 20%% Possible loss: 5-10%% Position size: 5 % of trading capital You can see the most important support(green line) and resistance (red line) levels. Best, Dr. Moshkelgosha M.D DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NYSE:COPLong
by Moshkelgosha
ConocoPhillips found its peak. COPShorting divergent upgoing zigzag. Fib on Wave C first as targets. Immediate targets 86, 83,79. Invalidation at 94. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
NYSE:COPShort
by Rykin_Capital
1
Looking for a rally in Oil stocksThe market looks to be recovery today and the most interesting stocks to me were oil companies ( NYSE:XOM , NYSE:MRO , NYSE:COP ) which all exhibited morning open volatility spikes. The one I liked the most because it was at at 50% Retracement (see high timeframe below) is XOM so it fits my criteria for a long trade. I'll be looking for a retest of the last major highs. This is also an addon positions to a winner from the beginning of 2021 (see Related Idea).
NYSE:XOMLong
by norok
4