Wednesday, May 9, 2012

Natural Gas Daily, Hourly & Weekly charts

*Updated chart below 6/16/2012

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.
1 hour NG
Weekly NG