Canadian Natural Resources (CNQ) chart analysis

Critical retracement level for (TSX:CNQ)

Candlestick chart analysis for Canadian Natural Resources showing the critical retracement level of 66%

(CNQ:TSX) Daily Chart

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.

 

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