Intermediate trend is down for Canadian Natural Resources
When you see a chart like this for a major Canadian oil company, you can understand the dismal performance of the TSX Index.
Relevant articles picked from the Web:
- Oil sands: A complete guide to all projects proposed,…. — FP — December 21, 2012
- High demand means world needs all of Canada’s oil: IEA — FP — November 28, 2012
- Brent poised to oust WTI as most-traded in oil — FP — November 28, 2012
Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.
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