Re: @ Booster

Welcome to the Connacher Oil and Gas Hub on AGORACOM

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

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Booster

Rank: Treasurer [?]

Points: 454 [?]

Votes: 8 Score: 4.1 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: @ Booster

in response to

@ Booster

sharky

posted on Jan 15, 2009 08:04PM

Your right Sharky, in the last few hours Crude Oil erased all their losses across each contract...very impressive.

A very tight doji today with very low volume. If we can open tomorrow above today's close and end higher than today's high we may have a pretty good set-up (patience is needed because our Daily Right Side chart still shows our sp below the average highs and lows (second chart below). Also consider that if we open Jan 16 below our closing price of 73 cents, and close tomorrow below today's low, we may be starting another leg down..... good luck (btw, I like your profit target of $1, just keep your stop loss tight)