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Friday, 4 February 2011

Cadogan Petroleum's long term view matches pullback


Spread on CAD just dropped to 1.5% 
 Volume today has been fairly highly, action is negative and in line with yesterday.  The high recently of 35p fits long term to previous failed support in Dec 2008.

   For whatever reasons these bumps in the road are not forgotten on the way back up.
30p is the 5 day average price.  Tuesdays lows would make a nice target to buy

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