Thursday, September 16, 2010

Natural Gas- Seasonal Low or No?

Wow nice nooner: note the .618 tag and RSI divergence (so far). Must be the JPY/Euro forcing liquidation across classes.

So is the seasonal low in? Or is this a corrective rally with further downside? See
Natural Gas /Seasonal Lows  
Natural Gas
for a discussion of the longer term implications.
 Believe it or not there is still a chance for additional lows, though it better get going on it. Back under 3.92, the .76 retrace of this latest sharp rise would signal a reversal I think, above 4.22 and it's going to look better as it overlaps the first leg down from 5.01

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