Markets - Nat.Gas $9.74 up+0.39 bar chart
I have just sent out the N.G.report with the p&f chart and the price was shown
on the chart at $9.35 and note this bar chart, late in the eve.is now at $9.74.
This bar chart shows how N.G.has gone about flat for the past two years.
Well, that is about to change. Last few reports were, and I wrote:-
Jan.6th then at $7.93.
"Chart here shows the low got down to $6.95 and the breakout came at the
28dma at $7.39. With that price above the 14dma it's now going higher".
Feb.10th then at $8.30 in the Crude Oil report:-
"N.G.$8.30 up+0.20 and is taking an upside run now. Target $8.70. Bar chart
is looking up and N.G. will go higher by the charts. No other reason".
Feb.12th then at $8.53.
"Here is a super bar chart of the progress of N.G. and at last the price is coming
to life. It has been stuck in the lows since Mar.2006 then at $6.50".
I have written the above, to inform you of my account of reading the charts, I don't
really know all the reasons for any price changes, due to anything else. In any case,
commodity prices many times, change for no apparent reasons. But after the move,
the media always think they know why.
Charlton Capital Ltd. Mr.618 here. # 1 in forecasting the future
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