Scottjk66

Scottjk66

CNQ - Canadian Natural Resources looks to be forming a classic Wyckoff Distribution pattern after this massive run up. I think it is time for some profit taking. A mild winter could produce a weak earnings report in February as demand for oil/gas is down. Natural gas prices remain down and I believe oil has room to reset. Pair these factors with CNQ at or near all...

Scottjk66

Price has hit the supply zone while forming a bearish shark and looks like a rejection for a short back down to around 90.00. Wait for a possible retest in the supply zone.