Amioboi

Suncor Small Analysis

TSX:SU   SUNCOR ENERGY INC
-Head and shoulder, failed at new high, sign of weakness.
-Overall bullish, Suncor's assets alone are worth around 16$.
-Short term, Oil taking a hit with consumer's sentiment shifting towards renewable energy + OPC cuts.
-Pre-COVID levels indicated regular increase in Oil consumptions, we're far from being OIL free.
-If 17.47 small support breaks, I'm out.

Thank you
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.