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Message: Re: Natural Gas Collar

Sep 04, 2008 05:42AM
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Sep 04, 2008 06:14PM

TNX Brian

Will see if we can hold on to the bullish pattern right now or if we drop below current level.There is still a gap to fill around 111.

But 50 ma tends to cross the 100 ma so from chart view it looks not very strong.

In Belgium currently grow is at a low point and they talked about possibility of a recession.Other European countries are also not in good shape .So do you think oil price will stay on the bullish side?

At 100 there is a good support but from chart view it means that bullish trend is over and I guess a sideways pattern is more likely.

JMHO


Sep 05, 2008 12:34AM
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