PUBLISHED BY INSTITUTIONAL ADVISORS
Saturday, January 17TH, 2009
Technical observations of RossClark@shaw.ca
Crude Oil & Natural Gas
The crude oil price rallied to $50 on January 6th and produced an RSI(14) reading of 53, just short of
the levels we thought would provide resistance.
Historically, the natural gas price normally bases through December-January and then moves higher into April. In years such as this, when inventories are at or above average, the related stocks have a tendency to bottom out in January through early February. Subsequent price advances in the XNG are normally from 28% to 65% over a period of three to eight months.
BOB HOYE, INSTITUTIONAL ADVISORS
November 30th, 2008
CHARTWORKS WEBSITE:: www.institutionaladvisors.com
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