Markets Index Nat.Gas.$7.90 dn-0.12
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Many of you have called, to ask when will I report on N.G.again and my reply was, "when it's ready to run", and with the Crude Oil breakout, this is a good time to make the report. My last report, would you believe, was dated Apr.15th then at $7.95 and since that day, it is only 5 cents higher. So no report to bother you, we are too busy these days and almost no time to sleep. Life can be fun if you like your work.
Bar lines of geometry indicate time is up for a change and has hugged a rising line of support crossing from the lows, Oct. $5.58, Jan. $6.00, and Mar. $6.94. But has not indicated any hint of a rise yet, so watch for it.
The volatility has died out and is rising in a slow slope, so N.G.is bullish and up off a dive low to $4.35 Oct.2006. My max off the chart remains about $10.
Pt.and fig.since last report Apr.15th has only moved up just one sq.only. Now a triple top resistance at $8.00. Time will tell and will follow Crude Oil price eventually.
Charlton Capital Ltd. 618 or 61.9 days from last Apr.15th report.
http://stockcharts.com/h-sc/ui?s=$NATGAS&p=D&yr=1&mn=1&dy=0&id=p72935033605