A Discussion of Technical Analysis, Elliott Wave Theory, and Fibonacci Ratio's focusing on Energy Mkt.s Crude, Products, and Natural Gas. Occasional Fundamental Analysis, Energy News and Rumor.
Friday, February 5, 2010
Natty Update
click to enlarge
Using the spot month high for the Fib. retrace point on the chart above. 5.70 is also a little c=a for the -c- of X up. It' could be expected to get another abc down to new lows under 5.09 from there.
I have been applying Elliott Wave Theory to energy markets as a broker and as a trader for commercial entities since 1983.
This blog is merely my personal musings on various wave structure's and NOT any kind of trading recommendation or suggestion.
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