Tuesday, August 18, 2009

Market Conversation for August 18th, 2009

Tuesday, August 18th Update 6:40PM.

Overall Trend: Bearish

When will Natural Gas bottom: If $3.00 does not hold, NG could fall as low as in the $2.70 range. HOWEVER, at this point of time, since we are likely at the bottom.

Natural Gas is bottoming. When? Either now. Or in the next couple of weeks.
Chart: