Natural gas

Highest USD Friday close in 2 1/2 yrs approx.  

Highest USD Friday close in 2 1/2 yrs approx.  

good thing we've been long go/d/silver/miners on their own merits and did not stay away because the dollar refused to decline, great lesson here on being careful about "correlating markets" just because it worked a certain what for a certain period of time! 

Senor

on todays XOP pullback to 21.32 to perfectly fill the gap left on Wednesday mornings
gap higher. The XOP pattern morphed into a 5 up to yesterdays high which in bullish off the
weeks low at 20.45, I continue to like the case for a continued rally to challenge key
resistance at the 22.70 area.

 

Like the Copper and COPX and FCX action off recent lows as well

 

Senor

I had a good good week in FCX/COPX and my Canadian oil stocks (CPG/WCP/YGR/CVE and a few others), if the XOP can decisively rally and close above 22.70 it could have a much, much bigger norte move. Copper has a chance to have made a final large corrective low. Dollar IMO has 5 down hourly and may have ended a large diagonal tri wave 5 of C AND looking for the CRB to possibly have made a very important at least intermediate term low. as always DYODD

Senor

BOOM yesterday on XOP breasking 22.70 resistance and look at the nice norte acceleration, FCX and COPX acting nicely as well - got hard assets?

Senor

on todays XOP pullback to 21.32 to perfectly fill the gap left on Wednesday mornings
gap higher. The XOP pattern morphed into a 5 up to yesterdays high which in bullish off the
weeks low at 20.45, I continue to like the case for a continued rally to challenge key
resistance at the 22.70 area.

 

Like the Copper and COPX and FCX action off recent lows as well

 

Senor

Gotta love the way copper/FCX/COPX ended the week - major low very possibly in place. CRB action has been solid off recent lows with little/no help from oil or gold prices. OIL price action could change significantly Monday after Saudi oil facility drone strike and a lot of oil offline, that could propel the XOP significantly higher. XOP broke and closed last week above highlighted key 22.70 resistance - has a chance to launch next week which could be a wild one.

Senor

Here at 2.27 is another buying point - 68% of the total rally. But has to show strength here.

Soon starts another rally in natgas, which should take it to about 9 (yes, nine) handle by the end of this year. Just keep an eye on it.

IMHO, AGW WOG

Soon starts another rally in natgas, which should take it to about 9 (yes, nine) handle by the end of this year. Just keep an eye on it.

IMHO, AGW WOG

Hi Alex,

hope you are right!

My cycles are saying the bottom for now would be at 1.8, but I hope it won't fall that far.

Do you have a view on http://www.unitcorp.com/ ?

Thanks, gis

 

Soon starts another rally in natgas, which should take it to about 9 (yes, nine) handle by the end of this year. Just keep an eye on it.

IMHO, AGW WOG

Hi Alex,

 

hope you are right!

My cycles are saying the bottom for now would be at 1.8, but I hope it won't fall that far.

 

Do you have a view on http://www.unitcorp.com/ ?

 

Thanks, gis

 

Well, so far I was wrong. And we indeed touched 1.8 now. Sad but true. Still think gas is a great value at this level.

No, I did not follow above company.