What’s Up, What’s Down: Natural Gas at a Critical Area

Comments for Thursday, June 24, 2010

Looking Ahead to Today by Reflecting Back at Wednesday’s Price Action


Higher closes yesterday for natural gas while lower for crude and heating oil along with the RBOB. The crude, heat and RBOB made their lowest closes in a week and are still trending higher in the short term. However, look at the Weekly charts below and you will see basically Sideways actions since May 2009!  Gas settled higher while now in a small BEAR PENNANT at a critical area to hold. BUY SIGNALS FOR CRUDE AND HEATING OIL ALONG WITH THE RBOB AND NATURAL GAS. CALL FOR DETAILS!

Crude Oil Chart

RBOB Chart 1

RBOB Chart 2

Natural Gas Chart

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Rick Alexander has been a broker and analyst in the futures business for over thirty years. He is a Vice-President for Sales and Trading at the Zaner Group (www.zaner.com) a Chicago-based futures brokerage firm. Email Rick at ralexander@zaner.com.

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