Critical retracement level for (TSX:CNQ)
Key points from the chart:
- Intermediate trend is down.
- Near-term trend is down.
- Critical support is $38.00.
- If it does not hold $38.00, CNQ could retrace the whole prior move to $32.00.
Reference the updated chart analysis for CNQ published on November 4, 2011.
Reference the previous analysis for CNQ.
Reference the website for Canadian Natural Resources to review the fundamental data.