1
COP stock price is trading above the key moving averages showing bullishness.
2
ConocoPhillips stock experiencing bearish pressure from the supply zone of the $126 level.
COP showed a strong chart structure in the recent trading sessions. However, in the previous session, it faced mild weakness in the trend. The price was trading above the key moving averages and reflected the buyers’ power. The sellers were wary of the competition and waited for a decline to show their influence. But seeing the rise, they were closing their positions and staying on the sidelines. The buyers kept making long positions and steadily moved toward the $125 mark.
ConocoPhillips stock was trading at $119.80 at the time of writing with a drop of 2.38% for the day, showing bearishness in the last trading session. The trading volume for the day was 5.309 Million. The market cap of ConocoPhillips stock was $143.459 Billion. The stock displayed the bulls’ strength and maintai
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