DenisRisticFX

Canadian Natural Resources Analysis

TSX:CNQ   CDN NATURAL RES
CNQ is between two major weekly supply (@ 44.55) and demand (@ 39.82) zones. Considering the trend is down, any relief rallies can be sold until price reaches weekly demand.

At the moment, the weekly downtrend has paused and moved into a ranging environment.

Zones of Interest:
Supply: 45.56 & 47.14
Demand: 40.31
Supply and Demand is everything in this business.
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