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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: Chart
1
May 19, 2010 10:17AM

May 19, 2010 12:05PM

I took a chart on a larger view and the support line i was using at first was a line on short time basis.Now I looked to the bigger picture and combined the lows since the lowest point in July previous year.So today we touched that line.Maybe this is a better support then the previous one I used .

Also based on fib .lines draw based on the recent top and that lowest point the 61.8 level acted very well but with today's down day again a little to much pressure.

I added again today.


May 20, 2010 01:13AM
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