It's hard to predict tomorrow how market reacts to today's news. So this TA is purely based on chart.

In the last 5 days sp lower than $3.30 was a joke. Jun 23 bounce was natural reaction to the new sp low $3.07. But Jun 24 big black candlestick and new low at $2.99 was nothing but controlled by MMs (Anonymous) to damage its long-term uptrend. (I described their purpose in my previous post so won't repeat here.) Yesterday it formed a doji. This is a very important signal together with today's little hammer, which indicates a rebound should be forming. Resistance at $3.29 (EMA10), $3.39, and $3.48 (EMA20).

Among indicators, only RSI and MFI show buy signals to me. Others still look too weak to indicate anything.

Even though we know NOT uptrend is undoubtful, Canadian economy at risk of recession (http://www.reuters.com/article/bonds... ) and global economic crisis (http://www.energypublisher.com/artic... ) for sure will impact its trend in the 2nd half of 2008.

Good luck!