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Get In Your Calls and Prepare Puts
COP
, D
Short
COP: Get In Your Calls and Prepare Puts

COP continues to stay in a trend channel. Although it takes a while to bounce between the support and resistance levels, it is consistent. Expect COP to hit the resistance prior to earnings date. It will then decline after earnings and who knows how low it will go. Also anticipate the ups and downs of oil to keep this cyclical. Place your calls and prepare puts!

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