CNQ - Canadian Natural Resources looks to be forming a classic Wyckoff Distribution pattern after this massive run up. I think it is time for some profit taking. A mild winter could produce a weak earnings report in February as demand for oil/gas is down. Natural gas prices remain down and I believe oil has room to reset. Pair these factors with CNQ at or near all time highs and it could be a good recipe for some coming downward momentum. Not Financial advice. Manage your own risk.
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