Natural Gas Explosion
Marc Dupee will be out of the
office until April 9. In his absence this column is being written by
TradersWire’s Duke Heberlein.
Natural
gas
(
NGK1 |
Quote |
Chart |
News |
PowerRating), off the Momentum-5
List, continues to surge on expectations of
increased demand. The contract has gapped up on a large range this morning,
currently trading up .064 at 5.725.
Â
June dollar index futures
(
DXM1 |
Quote |
Chart |
News |
PowerRating), from the Pullback
From Highs List and alerted last night by Dave Landry, are triggering their
pullback-from-high setup, now up 0.44 at 116. The euro FX futures
(
ECM1 |
Quote |
Chart |
News |
PowerRating) are falling out of a pullback from low in inverse fashion.
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Finally, May cotton
(
CTK1 |
Quote |
Chart |
News |
PowerRating),
number one on the Implosion-5
List, is continuing its meltdown from a pullback from low. The contract
gapped down on the open and is currently down 0.59 at 47.00.