Price Time Volume Investing

The Natural Gas Continuous Contract on  the NYMEX continues to follow the inverse slope down that it moved up from 2001-2005. Price has bounced for two days off the spike down to 2.41 last week.  A short term bottom may have been made.

Interestingly, the NYSE Arca Natural Gas index is not nearly in as bad of a position.  Does anyone know the difference?

Mike C. asked about Chesapeake Energy Corporation (CHK) and I have provided a chart below.  I see no reason to go long this stock at this time.

And finally, Crude Oil bounced yesterday back to the 1×1 descending angle.  A break through this angle would be short term bullish.  Resumed weakness is expected.

Related Posts

• Natural Gas Nearing Resistance Angle (October 13, 2009)
• Energy Weak As XLE Shows High Volume Distribution (October 2, 2009)
• West Texas Crude At Decision Point (August 21, 2009)
• Updated Charts of West Texas Intermediate Crude (July 28, 2009)
• Natural Gas and Oil Bouncing Weakly (July 2, 2009)

Tags:   Chesapeake Energy Corp (CHK) · Energy-Oil-Gas (XLE)No Comments