S&P/TSX CAPPED ENERGY TRUST -$RTEN-TC
Monthly chart shows index currently stuck in a consolidation range/bear flag pattern. Look for continued weakness.
Weekly chart better shows the bear flag pattern setup. Index currently trading near its lows and support. Expect support to be broken.
Daily chart shows abc 3 wave pattern up into 170.49 resistance before the sellers came out in force all last week. Look for continuation lower.
Sunday, January 20, 2008
S&P/TSX Capped Energy Trust Analysis for 01.20.2008
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