Oil and Gas
Oil prices burst through to new highs reaching almost to $59 and close to our next targets at $60 and also a possible move to $63. Natural Gas had a huge up week jumping 21.5% rising to $4.31 as we burst through resistance. Oil prices have trendline resistance at $63 while NG has trendline resistance at $4.75. NG is also at the 100 day MA so we might hit a bit of turbulence here and wish to correct back the swift up move of the past week. [read more...]
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