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Attachments: natural gas - 10 consecutive red candles in a row
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natural gas - 10 consecutive red candles in a row

  • Post #1
  • Quote
  • First Post: Apr 12, 2009 4:12pm Apr 12, 2009 4:12pm
  •  shahram261
  • | Joined Dec 2008 | Status: Member | 31 Posts
have you guys ever seen something like this in any commodity?
i mean 10 consecutive red candles in a row............and each candle has a new fresh low.............can it be 11th red?

http://www.picbaran.com/files/6o3mrpbp90wohb3uixf2.gif
  • Post #2
  • Quote
  • Apr 12, 2009 7:27pm Apr 12, 2009 7:27pm
  •  Rabid
  • Joined Jan 2008 | Status: Lunatic Supreme | 1,840 Posts
Whoa. Is that spot/cash natural gas? Holy double top, batman.

Looks like commodities are pricing in a big global slowdown.
 
 
  • Post #3
  • Quote
  • Jul 11, 2009 1:40pm Jul 11, 2009 1:40pm
  •  billye
  • | Joined Feb 2009 | Status: when dreamer meets reality | 1,396 Posts
some retrace now down again...

how can price jump between 14$ and 3$.... <_<
 
 
  • Post #4
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  • Jul 11, 2009 5:04pm Jul 11, 2009 5:04pm
  •  Rabid
  • Joined Jan 2008 | Status: Lunatic Supreme | 1,840 Posts
Currently at $3.373.

No major changes since Apr really, so prolly just a range. Looks like value is around $7 with resistance $13.50.
 
 
  • Post #5
  • Quote
  • Jul 12, 2009 10:24am Jul 12, 2009 10:24am
  •  billye
  • | Joined Feb 2009 | Status: when dreamer meets reality | 1,396 Posts
Quoting Rabid
Disliked
Currently at $3.373.

No major changes since Apr really, so prolly just a range. Looks like value is around $7 with resistance $13.50.
Ignored
I read in the news say previous years there has been shortage in n-gas.

not sure if recently demand drops?
 
 
  • Post #6
  • Quote
  • Jul 12, 2009 4:31pm Jul 12, 2009 4:31pm
  •  TJPLD
  • Joined Jan 2008 | Status: Inertial Member | 2,297 Posts
Quoting billye
Disliked
I read in the news say previous years there has been shortage in n-gas.

not sure if recently demand drops?
Ignored

I produce alot of natural gas myself. This probably deflates the price.
 
 
  • Post #7
  • Quote
  • Aug 23, 2009 4:03am Aug 23, 2009 4:03am
  •  mlep
  • | Joined Mar 2009 | Status: Member | 47 Posts
On friday Natural Gas vs. USD closed with 2.789!!!! Some Analyst say it could even drop to 2.2 - which is below cost.....

However I think we should have an eye on this - this sure will go up on long term.

Any opinions?

Cheers and nice sunday!
Get rich or die tryin!
 
 
  • Post #8
  • Quote
  • Aug 23, 2009 10:35am Aug 23, 2009 10:35am
  •  steve10%
  • | Joined Mar 2007 | Status: Member | 349 Posts
If it goes below 2.6 then it should test the 2.00 level from 2001/2002 with 1.6 as the long term low from 98

At the moment the supply is well above the long term average.

It will surely need to drop toward the lower average level or there be potential of that happening for a halt to the slide.

http://www.eia.doe.gov/oil_gas/natural_gas/ngs/ngs.html
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The greatest enemy of a good plan is the dream of a perfect plan.
 
 
  • Post #9
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  • Aug 23, 2009 12:12pm Aug 23, 2009 12:12pm
  •  mlep
  • | Joined Mar 2009 | Status: Member | 47 Posts
Thanks, Steve - yes, I think it will drop some more and goes sideways a long time... - until the industrial demand will increase....
Get rich or die tryin!
 
 
  • Post #10
  • Quote
  • Aug 28, 2009 1:39pm Aug 28, 2009 1:39pm
  •  tberwick
  • | Joined Aug 2009 | Status: Junior Member | 2 Posts
Nat Gas tends to start a run up heading into winter, just in case it might turn out to be unusually cold. Then, if that bears our, a huge jump in price. Doubt the $13.00 level would be reached as there is so much production right now.
 
 
  • Post #11
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  • Last Post: Aug 16, 2010 10:44am Aug 16, 2010 10:44am
  •  dattatreya
  • | Joined Jun 2010 | Status: Member | 97 Posts
may Natural Gas fall more?
which is good range to buy positional???
Shri Ram
 
 
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