Re: Hang On----jurek

Welcome to the Connacher Oil and Gas Hub on AGORACOM

Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Re: Hang On----jurek

in response to

Re: Hang On----

jurek

posted on Jun 11, 2010 09:52AM

Jurek,

Smart Money chart shows the Pros have been out since late April/early May - meaning the public has control (not bullish because you need the pros to move price). Although the Pros have bounced from the bottom, volume is still low to take control (blue line is below red line at bottom of chart indicator).

I also posted the current Price targets (either up or down) to watch as either support or resistance.