Core Viewpoint - China National Petroleum Corporation (CNPC) is experiencing stable performance, with its stock price reaching HKD 7.66, up 2.00%, indicating strong investor interest in the energy sector [1] Technical Analysis - The current support levels for CNPC are at HKD 7.46 (Support 1) and HKD 7.26 (Support 2), while resistance levels are at HKD 7.86 (Resistance 1) and HKD 8.06 (Resistance 2) [1] - The stock price is above the 10-day moving average (HKD 7.48) and is roughly equal to the 30-day moving average (HKD 7.52), with the 60-day moving average at HKD 7.25, indicating a tangled overall moving average system [1] - The Relative Strength Index (RSI) is currently at 57, which is in a neutral range, and multiple oscillators also show neutral signals, suggesting a balanced market condition [1] Product Review - Recent performance of CNPC-related warrants has been robust, with specific warrants showing gains of 21% and 17% within two days, while the underlying stock rose by 3.79%, demonstrating significant returns from leveraged products during stock price increases [3] Investment Products - Investors may consider warrants with moderate out-of-the-money levels and reasonable leverage ratios, such as the Macquarie warrant (13452) with a leverage of 8.9 times and an exercise price of HKD 7.98, suitable for bullish investors [6] - The Bank of China warrant (17446) has an exercise price of HKD 8.89, with a 15.9% out-of-the-money status and a leverage of 12.64 times, expiring in December this year [6] - For bearish short-term views, investors might look at Morgan Stanley put warrant (17625) with a leverage of 6 times or UBS put warrant (18593) with a leverage of 6.2 times [6] Bullish Products - Currently, there are only bullish products available, including the Societe Generale bull warrant (68340), UBS bull warrant (69610), and HSBC bull warrant (69832), all with a redemption price around HKD 5, indicating relatively low risk of being called [8]