Today, leading energy stock ConocoPhillips (NYSE:COP) is declining lower at the start of the trading session. The decline is coming after Warren Buffett disclosed that he cut his stake in the energy giant. Short term day traders can watch for intra-day support around the $72.70 level. This is an area on the chart where the stock could see an intra-day bounce. This level is only good for today.
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This morning, most of the leading energy stocks are declining lower at the start of the trading session. Exxon Mobil Corp (NYSE:XOM) is considered to be the leading energy stock in the broad energy sector. Today, XOM stock is trading lower by 0.91 cents to $88.18 a share. Short term traders should watch for intra-day support around the $88.07 and $87.54 levels. ...