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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

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Message: CLl Chart Update - 2009-Feb-04

CLl Chart Update - 2009-Feb-04

posted on Feb 05, 2009 03:43AM

Just wanted to post the CLL Daily Right Side Chart to Feb 4/09. Overall CLL is holding up well. The daily volume is well below average. The sp has now survived trading above the most recent average highs (upper band) for quite a few days now. I also wanted to compare the chart to Crude Oil so I posted the Crude Oil Daily Right Side chart below. Interesting to note that as CLL is trading above it's average high band, oil prices are struggling below its average lows (lower band).

CLL's blue buy signal is still in tact and Crude Oil's red selling signal is also present (although an early warning signal appeared a couple of days ago at the bottom of the Crude Oil chart - looks like a "V" - which indicates a change of direction may be developing.

Good luck,

Booster

CLL - Daily Right Side Chart - Feb 4/09



Crude Oil - Daily Right Side - Feb 4/09

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