Entry on a break of the previous trading day's high. Stop below the deepest pullback low. Fund managers like to trap pullback traders by triggering a pullback entry, so ignoring a first thrust can often lessen risk.

Long-side setups

APA APA Corp
COP ConocoPhillips
CTRA Coterra Energy Inc
CTVA Corteva Inc W
CVE Cenovus Energy Inc
CVX Chevron Corporation
DVN Devon Energy
EOG EOG Resources
FANG Diamondback Energy Inc
HAL Halliburton Co
MGY Magnolia Oil & Gas
MPC Marathon Petro Corp
MRO Marathon Oil Corp
NOV NOV Inc
PTEN Patterson-UTI Energy
PXD Pioneer Natural Resources
SLB Schlumberger Ltd
SU Suncor Energy (New)
TS Tenaris SA ADS
XOM Exxon Mobil

Entry on a break of the previous trading day's low. Stop above the deepest pullback high. Fund managers like to trap pullback traders by triggering a pullback entry, so ignoring a first thrust can often lessen risk.

Short-side setups

ABCL AbCellera Biologics Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.