Re: Natural Gas Collar
in response to
by
posted on
Sep 05, 2008 12:29AM
Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta
TNX Brian
Will see if we can hold on to the bullish pattern right now or if we drop below current level.There is still a gap to fill around 111.
But 50 ma tends to cross the 100 ma so from chart view it looks not very strong.
In Belgium currently grow is at a low point and they talked about possibility of a recession.Other European countries are also not in good shape .So do you think oil price will stay on the bullish side?
At 100 there is a good support but from chart view it means that bullish trend is over and I guess a sideways pattern is more likely.
JMHO