NAT.GAS
    Jul 16, 2008
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Subject: Markets - Nat.Gas. $11.56 dn-0.48 p&f chart.
Wednesday, Jul 16, 2008

Markets - Nat.Gas $11.57 dn-0.48 p&f chart.

Just sent out report on Crude Oil, that has taken a large drop off the report high at $146 dn.to $133 today, and below the $139 price. So, for the record lets take a look at the N.G. chart here. It has reversed dn. 4 sqrs. and has basically tracked the drop in Crude so interesting for now. In any case, the rise of cross columns has gone up by 13 sqrs, quite a run in one go. The bar chart has turned down unlike Crude and is heading lower in the S.T. Now how low will it go? By the math down side target, is at $11.57, where it is rt. now, would you believe? To match the last significant drop, Nov.2007 at $9.04 dn. to low $6.95 we get a second target at $11.07. A 21% drop is $11.31. Avg.target at $11.32. But for now, N.G.is heading dn.some more.

Charlton Capital Ltd. Mr.618 here.


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