CFD Trading – Sell EOG Resources Inc. (EOG.NYS) @ $112.00. Stop @ $119.10 and Target @ $95.85.

EOG Resources Inc. Stock Code EOG.NYS


Price tested the cloud but has not been able to move above the cloud. As a result, the chart outlook remains bearish. If price continues to be capped by the cloud and the conversion line, it could be heading lower in the next 2-3 weeks ahead. Conversion and base lines had a bearish crossover earlier, hinting at a bearish price trend. Lagging Span is below price of 26 days ago but is inside the cloud.  MACD has turned bearish with both lines below the zero line. We think price is likely to move lower to the next price support at $95.82


$112.00              Sell

$95.85                Price Target

$119.10              Risk Management Stop

3 weeks              Trade Duration

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