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I watch the continuous NG contract for energy costs but don't trade it. Not
much to add to what Don noted. The blue line represents a 50% time/price
retracement of the decline and should provide significant resistance. Note
the shift in monthly contract prices indicated on the quote page ... this
suggests that natural gas stocks should get a nice pop late summer or early
fall.
Earl
----- Original Message -----
From: "Chris Cheatham" <chrischeatham@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, July 02, 2001 8:41 AM
Subject: [RT] Natural Gas
> Anyone watching Nat Gas? attached is a weekly chart
> of the futuresource 18 month strip. Looks to me like
> a big reversal is due either here (Andrews line + 50%
> retrace and previous 4th wave) or perhaps 3000 on the
> strip which is a stronger Andrews line and 618
> retrace. I'd be curious what Aget thinks of the strip
> chart -- if anyone is interested I can send an ascii
> of the data.
>
> Regards,
> Chris
>
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Attachment:
Description: "NG055.gif"
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