A Look At a Major Oil

 7/15/2026

Conoco Phillips

 

Here is a 2 hour chart boig ack to the high in oil in May. It jumped off the bottom and it probably short term over done, the MAs need to catch up. We can buy here and sell a August 21 115 call for about $300. Let's suppose COP does nothing between now and then. so it is Augu 21 and we collect the $300. If we did that every month, 12 x 300 = 3600 / 11,146 = 3.2% in addition to the 3% dividend it pays or total 6% income. And we have the chance for appreciation, I think appreciation comes later as the MAs need to come together before this group of stocks can advance. 

Okay a look at service energy tomorrow 

Major indexes are quiet and it is summer, look for more of the same till end of August.

I still think silver has another low in the 50-55 area before we have a trade able low in. 

Treasuries still very slow movers.

See  you tomorrow.