Monday, December 14, 2009

Natural Gas Spot Month Resistance


click on chart to enlarge
The previous high on the spot chart,  5.35 for A Oct. 22, was technically exceeded by 2.5 cents on Dec 11.
At the moment the labeling reflects that 5.375 high as part of a consolidation preceding a powerful -3- of 3 of C, as labeled above. However...
there's always a however it seems...that area of 5.35 has been pretty good at rejecting  attempts to breech so  waiting for either proof in the form of momentum to new highs or additional chart development .

No comments:

Post a Comment