Markets - Nat.Gas $7.07 dn-0.34 bar chart.
I must admit, tracking the price of Nat.Gas is quite a task and it jumps
all over the charts without any reason at all. But will not give up.
Last report was dated way back Aug.20th then at $6.04, and I wrote:-
"N.G.began it's rise due to an oversold price that I called when it was
$6.21 July 29th. The rise 50% of the drop and got S.T.overbought".
Now, take a shifty look at the bar chart below and you shall plainly see,
that I forecast a low and the rise up to a high of $7.30. Since then, the
price has held up and so as I have mentioned so many time, "I need
not remind you every few days, and repeat my reports".
I suggest you re-read my report of Aug.20th with a note to "supply and
demand" no longer works and the N.G.price is all over the page.
Basically, buy at the $6 level and sell at the $7 level and that's all I can
say today. For now, N.G.remains bullish and has hit a S.T.new high, at
$7.50 and now it is overbought and is at chart resistance so should
drop lower and be reminded, Crude Oil is also very high at $80 and
hit my target so also overbought. Dated bar chart below......click.
Charlton Capital Ltd. Mr.618 here.
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