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Post by David on Mar 26, 2006 23:49:06 GMT -5
Nat. Gas Mkt Update - Natural gas has just flashed a positive divergence signal on the hourly charts; risk takers can go long if it pulls back to the 6.41 ranges and then sell when it trades in the 7.20-7.50 ranges. Place a stop at 6.00 dollars. 3/21/06 David - Wedge formation with Main Down TL and new Up TL, Looking to go long on a pull back to new Up TL (just under 7.00). If filled, stop at 6.60
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Post by David on Apr 2, 2006 21:54:52 GMT -5
MKt Update - It did not pull back to the 6.41 ranges however it did trade all the way to 7.51. If it can trade past 7.47 on high volume then it has a really good chance of trading to 8.10 and then 8.40. 3/28/06 David - nix my earlier analysis, was not the correct contract. Prices trading in Mkt update sell ranges nothing to initiate as of yet. Despite decent move off of lows, CCI still negative.
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