Sunday, November 29, 2009

Natural Gas Update

Basically this move up represents a re exploration of the spot month range 5.35 down to 4.12, and is probably "b" of "B". It would not be at all surprising to see the Jan contract make new lows under 4.55, but hold or just barely exceed the 4.16 low made by the Dec contract. If the "c" were to equal "a", from 5.29 say, that targets something like 4.09.  At that point another try  at 5.35 would be likely as "C" up.

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