Sunday, November 3, 2013

Crise in Natural Gas coming

The latest peak up in KOLD is steep and there is a need to predict a possible turn level. But by following the trend line the turn could be made from an much higher level. I am also cautios of gap ups, usually that means the momentum will continue for a while before turning. So both the trendline and the gap up says that even though KOLD is displaying a sharp peak up it is not ready to turn yet. According to this things will get worse for natural gas before the it gets better.

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