CANADIAN NATURAL RESOURCES LTD

NYSE

CNQ

CNQ seems forming a potential H&S formation. It seems a very good downward momentum short setup. For potential entry we would like this to cross be 26.87

Engulfing bullish pattern in CNQ.

CNQ

Set-up from our scanner identified this great trade, set up the night before for todays trading. HUN made a great move today in the direction of our scan.NYSE:HUN

long term range on weekly charts, price is facing resistance around 34 unable to cross this area, price around 28$ is crucial, if this sustains it may attempt to make a move upwards and can see the target of 47$

I believe that successful trading strategies rely heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. Consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be a continuation or reversal. It requires...

CNQ

CNQ Shortttttt

Fib target 0.382 to 0.618

This is a pair trade idea based on CNQ/XLE pair cointegration. My calculations show that these two stocks diverged by more than 2 standard deviation and, based on mean reversion, should come back to mean. This pair's rolling mean is 28.3 over the last 280 trading sessions. The current value is 23.6 and one standard deviation is 1.8. The trad can be done by...

4R Weekly Short: Stop: 24.45 Enter: Market Target: 16.77

Analysis on chart.. Good risk/reward offered here

The price of crude oil has been in a downtrend now for about 3 months. With this decline, oil stocks such as Canadian Natural Resource Ltd (USA) (NYSE:CNQ) have also come down in price. In fact, this equity has fallen roughly 13% from its peak back on July 1. However, the thing that really interests me is the pattern that is being formed on the daily chart. It is...