Sunday, February 6, 2011

Gold

Gold has broken the recent down trend. It's possible to retest the 130 range again. If it successfully holds, it's likely to test the high of 140.

Natural Gas

Natural has has been under some pressure lately, unable to break out from the recent trading range. However, it is within the up trend channel established in the past few months. UNG is likely to test the lower bound of the channel around 5.70. But as long as it does not fall below it, the up trend is still intact.