This morning, leading oil refinery stock Phillips 66 (NYSE:PSX) is trading lower by $1.36 to $84.39 a share. The stock seems to be declining lower with most of the other leading refinery and energy stocks. Day traders should watch Phillips 66 stock around the $84.10 level as this should be near term intra-day chart support. This is an area where the stock is likely to stage a bounce.
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Nick SantiagoChief Market Strategist
www.InTheMoneyStocks.com
