Light Crude and Natural Gas Rallies Likely To Continue
Light Crude - (CL1620) - on a weekly and daily chart shows that
the move over 72 is very bullish. Natural Gas (NG1620) has upside
potential, too. See last chart below. Before a top can be made,
I would expect to see a distibution top pattern such as Natural
Gas showed last Winter. None is apparent.
Interestingly, Natural Gas ( NG1620) and HO(1620) are nowhere
near as strong. See charts below. The Natural Gas decline this past
winter was predicted pefectly by noting that the Accumulation Index
was negative as the Index made a false new high. This is a Tiger "S9".
Daily Chart of Light Crude Shows Move Past 72. That is a Breakout into ALL-TIME HIGH territory.
Weekly Chart of Light Crude
Natural Gas Now Has Some Upside Potential, too.
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