*Updated chart below 6/16/2012
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| daily NG.. notice how the 'pinch' level has been regained |
If you have been actively following me you may or may not know i have been a strong believer in natural gas and a possible reversal in prices was not to be discounted given the current geopolitical energy landscape.
The time to dip your feelers into a long was when NG broke the $2 level; though now we may be seeing prices pinch up out of a yearly downtrend at the 2.45 level. IF this break out holds say from 2.35 to 2.40 the 3+ level could not be far away.
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| Daily |
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| 1 hour NG |
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| Weekly NG |
Posted in: Chart,commodities,natural gas
