CFD Trading – Buy EOG Resources. (EOG.NYS) @ $123.40. Stop @ $118.10 and Target @ $136.70.



Price reached a high at $129.09 on 29 August and went into a decline after that high. During the price correction, price was supported by the thick cloud and managed to stay within the cloud, keeping the uptrend intact. Conversion line and Base line remained in a bullish crossover, hinting at a bullish price trend ahead. Lagging Span is above price of 26 days ago but is inside the cloud at the moment.  MACD is bullish with both its lines above the zero line. If price can stay above gap support and cloud support, it could be heading towards the next gap resistance at $136.74.


$123.40              Buy

$136.70              Price Target

$118.10              Risk Management Stop

3 weeks              Trade Duration

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