Saturday, August 22, 2009

Week in Review - August 17/21 2009

1. Sugar
Sugar hit our entry SHORT price target of 22.15, Friday close 21.84.

2. NG
NG also did hit our bottom forcast of 2.82 thus we are now going LONG. Friday close 2.804.

3. UNG
Friday high 11.74, low 11.29, close 11.35;
New 52wk lows 11.42 and 11.29 (previous 11.91);
For long term investment we still insist on both our entry buy targets of 11.22 and 10.71. Patience.

4. Nymex
Friday high 74.35, low 73.51, close 73.89;
As predicted, the zombie dollar brought the benedetto Nymex to break thru the June 11th high of 74.31. Hence, according to AMAC we should see a + 76.50 sometime next week before we can see any significant fall.

No comments:

Post a Comment