Tuesday, December 23, 2008

For GT Blog December 23, 2008

Will natural gas ever bottom?

Usually the stocks will lead the price of the related commodity be it bullion and the gold stocks or energy stocks and crude.

In the chart below the AMEX Natural Gas index is displaying a higher low when the related natural gas price is displaying a lower low. That is a positive divergence set up.

Some components of the AMEX index are , APACHE (APA), ANADARKO PETROLEUM (APC), CHESAPEAKE ENERGY (CHK), DEVON ENERGY CP (DVN), EOG RESOURCES INC (EOG), EL PASO CORPORATION (EP), NICOR INC (GAS), NOBLE ENERGY INC (NBL), NATL FUEL GAS CO (NFG), NISOURCE INC HLDG (NI), QUESTAR (STR), SOUTHWESTERN ENERGY (SWN), ULTRA PETROLEUM CORP (UPL), WILLIAMS COS (WMB) and XTO ENERGY INC (XTO)

Some gas may be good for you



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