Monday, August 24, 2009

Possible good Entry Point on Natural Gas

for the past Month or 2 i believe i have seen Multiple set-up on great Entry points in Natural Gas only to have it break down a week or two later to new lows. it seems today was another good possible entry for playing the very Volatile commodity on a multi year chart from slopeofhope Tim points out on a 17yr Log chart the potential support, yes that support could easily be broken and we travel all the way down to $2 or so

as Bespoke points out the ratio of Oil to Natural Gas has never been at such extreme Ratios in the past 20 yrs.... could be a sign of Oil either breaking down or a large Rally in Natural gas. i'm thinking its the latter which will take place

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