Tuesday, December 15, 2009

Natural Gas Grinds Up


click on to enlarge
The wedge that is starting to shape up normally is a sale. However this is less true short term, since it has not been at all tested, and can end up as a running correction . The 5.57 target as .236 retrace of 15.78 to 2.40, is just overhead. That is an initial target I've been mentioning since the 2.40 low. The kind of explosive 3 of 3 to the upside that could take it out quickly has yet to show up.

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