Aug. 10 at 2:48 AM
$COP is catching aggressive, high-conviction institutional accumulation right as crude supply dynamics and global energy demand tighten. Looking at the options order flow, smart money is printing heavy call sweeps targeting out-of-the-money November expirations—specifically loading the
$135.00 and
$140.00 strikes. On the 8-hour technical chart, price action is coiling tightly inside a massive multi-month continuation wedge right around the
$118.00 spot price, setting the stage for a violent directional expansion. 🐂 🎯
Bull Key Levels: Clean volume acceptance and a sustained close above the upper descending trendline resistance near
$120.00 confirms an explosive technical breakout. 🐂 🔥
Bear Key Levels: Slipping back under immediate channel support near
$115.00 stalls the breakout momentum and invites a deeper retest of lower volume nodes. 🐻 ⚠️
Take Profit Targets:
$125.00 /
$135.00. 💰 🎯
#hovdid #COP #ConocoPhillips #OptionsFlow #StockMarket
