CNQ Canadian Natural Resources Ltd.

These charts are from Dec 1!

CNQ. b dec 2011CNQdec 2011 s

and the big picture;

cnq big

It is not the goal of this website to predict the future, all it aims to do is to articulate the Elliotte waves. This one is rather obvious. In our previous blog we were looking for a rebound of about $10 to $41, the stock was at about $31. It went a few dollars deeper but the target remains valid, perhaps as high as $42. These markets lately seem to work on an-all-or-nothing basis and exceed all moderate expectations in both directions.