NatGas weekly charts

Yeah i remember that -

where do you see Natural Gas finding a bottom??

first i see it touching 3.9 area. but lets see the storage data from thursday.

weekly chart we can see price broke white trend line. but let's see if break 50 % fibo which just touched last time tried to break.

I am very tempted to take a intraday long if 4.200 is taken. Are you in a position now?.

sisse

Yeap... 1st out and the other 1/2 in zero risk mode. Let's see if I get the home run.

sisse

Well that was it for today NG. Stopped out on the second half. Good luck in your trades Geo.

sisse

yeah, good point.

seems like 50 % fibo is good support. i was out to my job.

Yes, it was my intrday S but I got stopped out in my 2nd half by 2 ticks before the move. Fading such a strong bear move make me tight the stops very early.

sisse

and the week is not finish yet.

if price today manage to stay down here near 4.200-4.220 and tomorrow will be a bear storage data, we have a chance to broke 50 % fibo and visit 4.000 area .

When will the Gulf of Mexico drilling ban show up in the supply figures. I would think that lost GOM supply should bring production figures down? Or is this something that takes a year or longer to actually show up in the data? GOM still produces 11% of our gas supply.

break yellow support at 4.190 ? see also white T.L.. Storage data will help break or return ?

WEEKLY CHART. we have the next sittuation.
price broke the yellow triangle and also broke 50 % fibo at 4.229 area . what will see next week ? 1. is to reach the 61.8 fibo at 3.796 area or 2. go up from here in the white chanel.

MONTHLY CHART. we can see how try to break the green chanel .

DAILY CHART. price follow green DAILY T.L.. Also, price is in the green CHANEL. will see if break down the chanel to go to 61.8 fibo at 3.800 area .

also price is between 50 % and 61.8 % fibo :4.240 area and 3.800 area . last week broke 50 % and seems to go to 61.8 % to test it again.

Zczc miatwoat all
ttaa00 knhc ddhhmm
tropical weather outlook
nws tpc/national hurricane center miami fl
200 am edt sun aug 22 2010

for the north atlantic...caribbean sea and the gulf of mexico...

The national hurricane center is issuing advisories on tropical
depression six...located about 600 miles west-southwest of the
southernmost cape verde islands.

Elsewhere...tropical cyclone formation is not expected during the
next 48 hours.

Public advisories on tropical depression six are issued under wmo
header wtnt31 knhc and under awips header miatcpat1.
Forecast/advisories on the depression are issued under wmo header
wtnt21 knhc and under awips header miatcmat1.

$$
forecaster kimberlain

The Energy Report: Slip Sliding Away, Slip Sliding Away
Phil Flynn
Aug 20, 2010
Slip sliding away, slip sliding away. You know the nearer your destination the more you're slip sliding away and away we go. The economic recovery is slip sliding away as the market starts to brace for a potential double dip as US data goes sour. When the jobless claims came out much higher than expected and the Philly Fed flopped, instead of an economic recovery being nearer to its destination, the more it's slip sliding away. Weekly claims rose by 12,000 to 500,000 and the Philly Fed went into the abyss falling to minus 7.7 for August contracting for the first time since July 2009. When the area of great concern in the market place (jobs) gets a dismal report and the bright spot in the economy (manufacturing) gets wacked into oblivion, fear came back into the market place. Oh some call it the risk aversion trade but I say that’s a polite way of saying people are scared. They are scared that this recovery is not happening anymore. They are worried that the US will slip and slide back into recession and they are worried that all the printed money in the world may not jump start this blighted economic recovery or create those all so essential jobs. When the risk aversion trade goes on, you know that the market is losing confidence and it is confidence that has to be restored if we have any hope for a lasting recovery. And fears about the economy are not good for oil. As total petroleum supplies rise to all time highs it can only mean one thing and that is demand is falling far below supply. Now of course we have seen a reduction in floating storage and as the contango play becomes less attractive, we have seen more big traders trying to get rid of supply. Offshore storage according to some estimates has fallen by 40-45 million, an eight month low, while on shore storage has increase by 20-27 million barrels. The need for storing oil has diminished as has the incentive to store oil. Some believe this reduction is a sign that demand is improving which it is to an extent but that improvement and the reduction in floating storage may be the markets way of actually reducing its forward demand outlook. In other words, the reduction of off shore inventories and the increase in on shore storage is actually bearish not bullish. You see when the market was in deep contango - when distant prices trade at a higher price than the spot month - it was saying one of two things about the need to store oil and why the market place was willing to pay for it. One reason was that the market thought it was wise to store oil for a rainy day because if feared that because of the slowdown and lack of investment in production would cause tightness in the oil market when the economy rebounded. It was willing to pay for that cushion in supply at a later date when the economic rebound would surely arrive. The other reason was because the market feared commodity price and oil price inflation from global government’s love of printing money. The market was pricing in inflation expectations that would start to emerge as the biggest amount of stimulus hit the world since the big bang. Yet now the market and the tightening contango may be saying something quite different. It’s saying that we now have slowing economy and a deflationary outlook. The market is slowing reducing the storage and the inflation premium they previously believed would be there. While some will try to paint the reduction in floating storage and surge in global inventories as a bullish event it may be actually a bearish event. The market is saying that it is reducing its longer term demand expectations and its inflation expectations. It is telling us that the economic muck that we are in is going to go on for much longer time than we anticipate. The reduction in floating storage and the increase in onshore storage at record high means confidence and oil demand expectations are slip sliding away. Make sure you are getting my daily energy blast as well as a trail to my buy and sell points on all the major commodities! Just call me at 800-935-6487 or email me at [email protected] to open your account. And the best way to start your weekend is by watching the Fox Business Network and you can watch it all weekend long!

There is a substantial risk of loss in trading futures and options.Past performance is not indicative of future results. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or commodities. PFGBEST, its officers and directors may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction.
Resource id #48

ABNT20 KNHC 231136
TWOAT
TROPICAL WEATHER OUTLOOK
NWS TPC/NATIONAL HURRICANE CENTER MIAMI FL
800 AM EDT MON AUG 23 2010

FOR THE NORTH ATLANTIC...CARIBBEAN SEA AND THE GULF OF MEXICO...

THE NATIONAL HURRICANE CENTER IS ISSUING ADVISORIES ON TROPICAL
STORM DANIELLE...LOCATED ABOUT 850 MILES WEST OF THE SOUTHERNMOST
CAPE VERDE ISLANDS.

AN AREA OF DISTURBED WEATHER LOCATED NEAR THE WEST COAST OF AFRICA
IS ASSOCIATED WITH A TROPICAL WAVE. SOME SLOW DEVELOPMENT OF THIS
SYSTEM IS POSSIBLE OVER THE NEXT COUPLE OF DAYS AS IT MOVES
WESTWARD NEAR 15 MPH. THERE IS A LOW CHANCE...10 PERCENT...OF THIS
SYSTEM BECOMING A TROPICAL CYCLONE DURING THE NEXT 48 HOURS.

ELSEWHERE...TROPICAL CYCLONE FORMATION IS NOT EXPECTED DURING THE
NEXT 48 HOURS.

$$
FORECASTER BERG
http://www.nhc.noaa.gov/text/refresh...l/231136.shtml