Thursday, September 10, 2009

NG Head and Shoulders

Natty is poised between two technical points that will likely determine if the lows are in or not, 3.00 and 2.62. Under 2.62 gives this recent move up from 2.41 a very corrective abc look with an overlap of the last structure and retrace of the .618 .

Shorter term, a break of the neckline on a minor Head and Shoulders pattern targets a test of the 2.62 level.

New highs over 3.00 and it looks good,  pls see  NG Update

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