Friday, October 2, 2009

NG Update


Thanks to the giant roll from Oct to Nov. this pullback to 4.34 hardly dented the bullish scenario. From Tue. "In the meantime the Nov. contract can pull back a good way and still maintain the current intermediate and long term upward expectations. Even the 4.30/ 4.40 area would not really damage it." Really just got into the middle of the gap on the spot month charts.
Expect an assault on the 5.00 resistance.

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