Commentary:

Today's SignalWatch Trade of the Day is Conoco Phillips (COP). This stock has been trending upward over the last three months, and with the latest pullback we have an optimal entry into the trend. This trade was brought to our attention by the WaveTrader Strategy, which specializes in identifying higher lows in the market.

ConocoPhillips is an independent exploration and production (E&P) company headquartered in Houston, Texas. We explore for, produce, transport and market crude oil, bitumen, natural gas, natural gas liquids and liquefied natural gas on a worldwide basis. Across geographies and geologies our commitment is the same: use our proven track record and expertise to safely and responsibly find and produce oil and gas.

ConocoPhillips has the technical capability to operate globally while maintaining a relentless focus on safety and environmental stewardship. We manage our operations through six operating segments defined by geographic area: Lower 48; Europe, Middle East and North Africa; Asia Pacific; Alaska; Canada; and Other International. ConocoPhillips' operating segments include a strong base of legacy production, multiple ongoing development programs that offer low cost of supply and low carbon intensity, along with focused exploration opportunities.

ConocoPhillips operates approximately 27,991 miles of oil, natural gas, liquefied petroleum gas and/or water pipelines throughout North America, the North Sea and the Asia Pacific region, including Australia. Onshore lines are located primarily in the Lower 48, Alaska and Indonesia, while offshore subsea pipelines are mostly in the North Sea (U.K. and Norway), Indonesia and China.

ConocoPhillips leverages technologies—whether internally or externally sourced—to provide the competitive advantage necessary to deliver organic production growth. By developing leading-edge technology solutions and driving continuous improvement, ConocoPhillips have significantly reduced our cost of supply, converted substantial quantities of oil and natural gas resources to reserves, and made progress toward achieving ConocoPhillips' GHG emissions intensity-reduction targets. All these actions have strengthened our company's position as an E&P industry leader.