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Ecopetrol S.A.

Ecopetrol - Long Scenario

By JaimePantoja
Updated
This is a Colombian stock that is highly related with the behavior of crude oil prices
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And the price keep pushing higher, it seems that the buyers are going to test the upper limit of the downtrend channel, lets see how the situation evolves
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After a small retracement around the mean of the Downtrend Channel, it seems that the buyers want to test the UL and see if there are followthrough or not.

Remember that this stock is higly related with the crude oil behavior
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JaimePantoja

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