Monday, February 8, 2010

Natural Gas Update

OK it's cold .  NG got it's X wave back up,  62 cents so far, not bad. The choppy action up is consistent with a corrective move. Overlapping 5.38 ought to put the boot in.
click to enlarge
The first series of abc's down was 1.05 from 6.11 to 5.06. The next move down will be equal to it at 4.63, and the Mar contract low is 4.55.

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