Markets - Nat.Gas $11.92 dn-0.06 bar chart 9mths.
Nat.Gas has now hit my target at $12.00. and is still climbing.
Today's high hit $12.21. My top target still remains $12.70 so very close.
Last report was dated May 11th then at $11.54 and I wrote:-
"I have drawn geometric lines on the bar chart, giving a target at $12.00.
By calculation I have $12.03. By math chart, how about a target of $12.70".
After N.G.remaining rather flat for 2006 and 2007, this year is up and away.
No doubt catching up with Crude Oil on a BTU rating. Coal also has risen.
It is important to add that Crude Oil so far, has failed to hit my max S.T.target
$139.1, given by calculation in report dated May 22nd then at $133. Since that
day, Crude has had quite a small drop, just below $127 off $8, high hit $135.
Note, N.G.on the 9m bar chart here, the base was build in Dec.2007 at $7.00.
For now, will see if N.G.hits the max target at $12.70. Chart remains L.T. bullish.
Charlton Capital Ltd. Mr.618 here.
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