Canadian Natural Resources Limited ( NYSE:CNQ ) Sector: Energy Minerals (Oil & Gas Production) Market Capitalization: $70.677B Current Price: $60.89 Breakout price: $54.00 (hold above) Buy Zone (Top/Bottom Range): $57.25-$51.35 Price Target: $77.00-$79.80 Estimated Duration to Target: 788-805d Contract of Interest: $CNQ 1/20/23 60c Trade price as of publish...
Ending the week above the 200 day moving average could signal the all clear for Canadian energy stocks to finally begin rallying in earnest.
USDCAD is dancing in the 1 hour chart. If I will trade on what I see, I'll place a buy order at around 1.32450 and Trailing stop when it goes up by 20 - 30 pips in a positive position. If it goes down then I'll place a pending sell order at around 1.32250. Manage your risk management for God's sake Get our free signals here: t.me Like us on Facebook: www.facebook.com