Markets - Nat.Gas.$9.65 dn-0.04 p&f chart
Without too much to write about, N.G.has risen as I had forecast
in my report on the matter, dated Mar.5th then at $9.35 and gave a
target of $11. So far the high has hit $10.36, so out by $0.64.
I wrote then:-
".Back to basics, and that is the p&f chart, and as you can plainly
see the trend has at last taken a breakout". ..and....
"Chart target $11. P&f has resistance at that price".
And so we did not go over the $11 mark. Note on the p&f chart, the
price of $10 has hit the falling 45 degree line of resistance, but it will
be exceeded very soon and that will at last mark the end of the flat
trend for N.G.has run, compared to Crude Oil.
Chart shows price hit $10 then reversed dn.many times back in 2000,
last qtr. Feb.2003, Apr.2004, took off to $15.50 on 2005, then crashed
down to a low $4.50 in Sept. 2006. It's all on the chart below.
Charlton Capital Ltd. Mr.618 here. # 1 in forecasting the future
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