Wednesday, August 19, 2009

Natural Gas

Most people think February when they think Natty i believe 2002 when Natty was 2
It mad a run to 13 or so back down to 4 to 15 and such.
But in the dead of the heat and this was the first real week of blistering heat Natty is used to generate power. So a hurricane would be great but truly unlikely as tough as Bill is at catagory4
but it seems as if he will swirl at high speeds up the atlantic coast and maybe smash into Nova Scotia
The run back to 13 well we may have to wait for the winter for that treat but a trip up to 4
could be just around the corner All week long we have been looking at this 3.16 stopped
3.14 stopped now double down at 3.09 got as low 3.045 the channel bottom to 3.19 just under the channel top this channel can be viewed by calling up the daily and using trend line draw tools on top and bottom when it pierces the channel it makes a move when it gets to 3.29 shorts start to cover but let not get ahead of himself