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

Free
Message: Re: Sentiment

Jun 23, 2011 10:36AM

Jun 24, 2011 02:03AM

Hi Jurek

Today we may have had a reversal day for the stock indexes. It was a very nice recovery from a big drop in the morning. Looking at tonight future markets we should see nice jump in the indexes tomorrow.

Indeed we saw a nice rebound to the end which can gave us this kind of signal

bullish hammer candlestick

Bullish Hammer



Direction: Bullish
Type: Reversal
Reliability: Moderate


Probably markets will wait after the outcome in Athene .The Greece people had a huge pill to swallow trough if they will receive the needed money.If the debt problem was not there which infects banks again the companies itself don't have bad bussiness.

Though the oil price is below 1/3 of it's peak at 150 we now pay far more per liter then in the crisis situation.Good news is tempered by that crisis situation .It's hard to see the end of the tunnel .

As for CLL the fact that investors level has gone up to 43 % is not that bad.Are they betting on better outcome or is it pure speculation?Normally they knew more then we do.

Share
New Message
Please login to post a reply