31st May - Natural Gas Falters at First Fibonacci Resistance
31 May 2012
MONTHLY CHART - CONTINUATION
Note how the slide here has eventually found some support from near the 1.760 2001 low on the continuation chart.
DAILY CHART – Jul-12:
An initial positive sign on the Daily chart came from the breach of the s/term bear channel top projection, suggesting a weakening in bear momentum.
The next hurdle to overcome remains the 23.6% bounce level, which recently repelled the advance. A push through this should be a bull signal.
Meanwhile we wait to see if current pullback proves temporary – note the s/term 2.270 76.4% retracement as possible support.
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31st May - How High the Bonds?