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Hawk’s Nest

Natural Resource Name Sees Put Buyers as Rally Stalls at Resistance

by | Aug 4, 2022

Canadian Natural (CNQ) size buyer of 3500 Dec. $50 puts for $5.50 as the stock slips below the 200 EMA and potentail to drop into monthly value area and see a retest of 47. The oil and gas stock is looking toppy with the energy sector overall feeling pressure as oil prices cascade lower into a more seasonally weaker time of the year.