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ENERGIES

from ChartWorks:: published by Institutional Advisors

Bob Hoye
Technical observations of RossClark@shaw.ca
January 19th, 2006

The seasonal low in natural gas should be forming over the next two weeks. Look for the stocks to establish a bullish divergence (similar to oils in November) as part of this process.

As anticipated, oils have been leading the way on the upside since the seasonal high in natural gas prices was generated in December. Crude oil must hold the late December lows ($56.50) in order to remain in a bullish mode. With both seasonal patterns now moving into bullish mode we should be in the ‘sweet spot’ of the upside action in related stocks into the spring. The top of the momentum should be in place by March with possibly higher prices in May.

 

Bob Hoye
January 19th, 2006

EMAIL:: bobhoye@institutionaladvisors.com
CHARTWORKS WEBSITE:: www.institutionaladvisors.com

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