MACD Warns of COP Weakness at $91.54

ConocoPhillips (COP) closed down 0.29% at $91.54 on December 27.

Technical indicators paint a mixed picture:

• Moving Averages: Mixed signals with price near the 9-day EMA ($92.55). The 21-day EMA sits at $92.16.
• Momentum: RSI at 49.8 is in neutral territory. MACD is bearish (0.60 vs signal 0.94).
• Volatility: Bollinger Band width at 9.2% indicates low volatility.

Key levels to watch: Support at $88.51, Resistance at $97.08.