Markets - Nat.Gas. $6.21 up+0.13 - Bar chart.
I have held up a report on Nat.Gas due to the amazing drop, as Crude Oil takes
off in the opposite direction. Very strange? But that's what the markets are all
about these days. N.G.has fallen from $8.30 a month ago down to a low $5.86 for a drop of $2.44 or dn-29%. Again, I'd like to add, in one month.
Economists and analysts would call the drop due to "supply and demand".
I don't think so. Crude in the same period went from $65 to $77, a rise of $12
or up+18%. I have not experience such a sum change, 47% in just one month.
Last report was dated June 17th then at $7.90 and I had forecast a rise due
to my forecast for Crude Oil to run to my second target of $77. It hit $77.24.
That forecast was excellent but N.G.did not follow. Not to forget this one.
By the bar chart here, N.G.is very oversold but has yet to give a "buy" as it is
still below the 21dma now at $6.52. Must close above, so watch for it.
I took my gain on the Crude EFT, "OIL" and bought some N.G.EFT, "UNG".
For shorting the S&P500 200% I go for the "SDS". Check them out before
going into them. For now, I prefer trading EFT's and no longer any stocks.
WARNING:- Stocks are for trading, not for investors, and now not for me.
I have to work on my web page which is still free, that is why this e-m is posted
a few days later on the web. If you would like the e-mail speed, e-m me.
Charlton Capital Ltd. Mr.618 here.
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